EURUSD Long Trade Setup
Updated
Last week was a very slow week for EU, it has been in a shallow and ranging structure. Again, this for me says that potential
energy is being gathered up and price is gearing up for a big move in either direction of course. For now, using the Elliott
wave theory, we may be expecting another thrust to the upside. I will be putting the main emphasis of my targets on the
100% extension level of wave (A or 1).
Let me know what your thoughts are on EU for the coming week. I hope you have a blessed trading week ahead. Remember
to apply proper risk management and secure your profit as much as possible.
Please do stay tuned in on these posts as I publish entry developments and trade progress below in the updates section.
energy is being gathered up and price is gearing up for a big move in either direction of course. For now, using the Elliott
wave theory, we may be expecting another thrust to the upside. I will be putting the main emphasis of my targets on the
100% extension level of wave (A or 1).
Let me know what your thoughts are on EU for the coming week. I hope you have a blessed trading week ahead. Remember
to apply proper risk management and secure your profit as much as possible.
Please do stay tuned in on these posts as I publish entry developments and trade progress below in the updates section.
Trade closed: stop reached
It appears I had set my stop loss a little too close, a little bit of a premature entry to be precise. Price pushed down to the 61.8% of wave 1. This is still a valid and strong wave 2 pullback level. I am going to re-enter it now.
Trade active
Re-entry activated
Trade closed: stop reached
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