Breakout from prolonged downtrend base signals early reversal momentum.

Price formed a base around $0.78 to $0.82 and just printed a strong impulsive breakout candle into $0.93 resistance. The 4H timeframe shows a clear shift from lower highs to a breakout structure.

Trade Plan

Entry $0.880 to $0.940

Stop Loss $0.820

TP1 $1.020

TP2 $1.120

TP3 $1.250

Structure Logic

Base formation near $0.80 support

Strong expansion candle breaking range high

Momentum shift from consolidation to breakout

Liquidity resting above $1.00 psychological level

Risk Perspective

A sustained move below $0.820 would invalidate the bullish reversal bias.

Engagement Line

Holding above $0.880 keeps continuation potential active toward $1.10 plus.

Buy and Trade $EUL

EUL

1.094

+4.48%