EURUSD LONG AWAITED BUY!!!
Hello fellow traders, EURUSD has been in cosolidation since mid last year on the daily time frame and just the other day it broke out from the triangle pattern which formed the wave 2 and since this is a daily time frame, the impending longterm buy is a strong one.
It seems to have slow down after the breakout and retraced in and ABC pattern to retouch the upper trend-line of the triangle.
So what are we to look out for in the coming days, as we all know news fuel the market and with NFP just around the corner, come that day we should see it push the market to rally for the third wave which is the strongest of all. Buy stops at the apex would be in order, of course using proper risk management. The 3rd wave is well known to exceed where the 3rd Take profit has been placed at 1.618 Fib level to upto 3.618 so i would not be in a hurry to lock in all the positions.
With that said, i wish you all the best, go forth mates and be pipful. Thank you!!
It seems to have slow down after the breakout and retraced in and ABC pattern to retouch the upper trend-line of the triangle.
So what are we to look out for in the coming days, as we all know news fuel the market and with NFP just around the corner, come that day we should see it push the market to rally for the third wave which is the strongest of all. Buy stops at the apex would be in order, of course using proper risk management. The 3rd wave is well known to exceed where the 3rd Take profit has been placed at 1.618 Fib level to upto 3.618 so i would not be in a hurry to lock in all the positions.
With that said, i wish you all the best, go forth mates and be pipful. Thank you!!
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