Update - EUR/USD – Bullish Minor B – Intraday
Updated
Short Trade stopped out due to very tight SL.
Wave Labeling and Levels Update:
Conservative Entry - 1.05400
SL - 1.04800
TP - 1.07040 & 1.07400
Wave Labeling and Levels Update:
Conservative Entry - 1.05400
SL - 1.04800
TP - 1.07040 & 1.07400
Note
EUR/USD -0.62% has completed a 5 Wave structure for Minor Wave A (blue) and now showing good signs that it will most likely retrace on the up-side towards Minor Wave B (blue). Bearish Volumes are picking up and the Bullish Divergence is a good sign for this set-up.
First Resistance has been breached and a good way to trade this move would be to wait for a Flag Formation on the Channel line.
Low Risk - Good Reward - BUY Scenario:
Wave Labeling and Levels Update:
Conservative Entry – 1.05400
SL – 1.04800
TP – 1.07040 & 1.07400
Trade closed: target reached
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