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Euro / U.S. Dollar
Long

EURUSD Long

By AceFX
Updated
Potential End of Wave 5 Projection. W1 is a strong impulse wave, W2 is a more complex 5 wave sideways pattern, W3 is the longest wave and strong impulse wave to the upside. As W2 was a complex pattern, I would expect W4 to be a simple ABC pattern correction, which it is. W4 also pulls back close to the end of W1 (without overlapping) which gives a good indication there is potential for a move to the upside.
Trade active
Still in trade. Moved stop to break even.
Trade active
Still in trade. Stop moved to profit position.
Trade active
First profit target reached.
Stops also moved.
Trade closed: target reached
Both targets reached. Trade closed.
Wave Analysis
AceFX

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