EUR/USD: Looking for a Swing Long! My current setup, what do you guys think?

Chart Talk: Spotting the Opportunity

Hey everyone! Vihaan here, checking in with a EUR/USD setup I'm eyeing for a swing trade. The pair has been pretty much sideways lately, hovering around the 1.08585 mark, which is squarely in the middle of its recent day range of 1.08457 to 1.08713. We've seen a slight positive change of 0.08% today, nothing crazy, but it did bounce nicely off the 1.0846 support level. For me, that's a key technical signal. I’m seeing a potential for a push higher from here. My entry is set at 1.0852, looking to catch some pips if it continues this upward momentum. Charts don't lie, and this bounce looks interesting.

The Plan: Risk Management and Targets

Given the sideways trend, I'm keeping my risk tight, as always. My stop loss is placed at 1.0821, which is comfortably below that 1.0846 support level