EURUSD buy set up after test of structure
Hi guys,
Expecting nice upside after test of corrective structure. Price tested structure top and retested bottom, now expecting upside. Upside breakout of structure likely due to markets trending back in their impulsive directions today after a few fundamental events settled the markets back to norm.
I am now seeing a new buy opportunity. It pulled back after impulse leg, allowing a new buy opportunity to add to/create a new position on the EURUSD. The first leg broke structure and was impulse, so I am expecting this an ABC pattern with the C leg being extended as would expect with an impulse leg.
Thank you for your support.
Expecting nice upside after test of corrective structure. Price tested structure top and retested bottom, now expecting upside. Upside breakout of structure likely due to markets trending back in their impulsive directions today after a few fundamental events settled the markets back to norm.
I am now seeing a new buy opportunity. It pulled back after impulse leg, allowing a new buy opportunity to add to/create a new position on the EURUSD. The first leg broke structure and was impulse, so I am expecting this an ABC pattern with the C leg being extended as would expect with an impulse leg.
Thank you for your support.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.