Euro/Dollar (EUR/USD) - Bullish Corrective - Minute B
Updated
Euro/Dollar (EUR/USD) finalized our previously posted Bearish Minute A (red) and is about to start the Corrective Minute B (red).
Minute Wave B (red) would retrace 50-61.8% of Minute A (red), as per the Fibonacci Retracement levels.
Minute A (red) unfolded with an extended Minuette iii (blue) and Minuette v (blue) is unfolding as an Ending Diagonal.
Euro/Dollar (EUR/USD) is also showing a Bullish Divergence along side the Ending Diagonal, which makes this a very possible Bullish move.
Euro/Dollar (EUR/USD - BUY Positions:
Aggressive Entry - 1.06600
SL - 1.05900
Conservative Entry - 1.06200
SL - 1.05400
TP1 - 1.07700
TP2 - 1.08000
* Safety Measures:
- move SL to break-even when in profit
- wait for Bullish Breach and then a Flag
Minute Wave B (red) would retrace 50-61.8% of Minute A (red), as per the Fibonacci Retracement levels.
Minute A (red) unfolded with an extended Minuette iii (blue) and Minuette v (blue) is unfolding as an Ending Diagonal.
Euro/Dollar (EUR/USD) is also showing a Bullish Divergence along side the Ending Diagonal, which makes this a very possible Bullish move.
Euro/Dollar (EUR/USD - BUY Positions:
Aggressive Entry - 1.06600
SL - 1.05900
Conservative Entry - 1.06200
SL - 1.05400
TP1 - 1.07700
TP2 - 1.08000
* Safety Measures:
- move SL to break-even when in profit
- wait for Bullish Breach and then a Flag
Trade closed: target reached
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