EURUSD Long Trade Setup
Updated
Hello traders...
I'm still expecting an up impulse (C wave) which will break the previous top and the structure will be a regular flat. My forecast will remain same unless it doesn't break the previous bottom.
There is no trade setup at this point but I'm waiting for a reversal impulse, then waiting for a small correction, then I'm putting an entry order over the last top. If it makes a new low, I will repeat the same process until it breaks the bottom at 1.2154. There is also a chance for a correction as 4th wave (yellow counts), but it is too early to say anything about it. I will take the trade first, then I will see the next structure. I haven't put the order yet, I'm still waiting for a small correction.
Trade with care...
I'm still expecting an up impulse (C wave) which will break the previous top and the structure will be a regular flat. My forecast will remain same unless it doesn't break the previous bottom.
There is no trade setup at this point but I'm waiting for a reversal impulse, then waiting for a small correction, then I'm putting an entry order over the last top. If it makes a new low, I will repeat the same process until it breaks the bottom at 1.2154. There is also a chance for a correction as 4th wave (yellow counts), but it is too early to say anything about it. I will take the trade first, then I will see the next structure. I haven't put the order yet, I'm still waiting for a small correction.
Trade with care...
Note
The entry order was placed at 1.22250Trade active
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.