Get started
Euro / U.S. Dollar
Long

EURUSD Buy setup, 1H

By ELWave
Updated
EURUSD has rallied from 1.1550 on a very sharp and almost vertical impulse which is not finished yet. The pair can easily reach the 1.1900 area where the 0.618 Daily Fibo retracement and some price resistance are waiting. The current analysis shows the wave "4" has finished at 1.1755 and we have a buying opportunity where shown in the chart to get wave "5" which is unfolding to extend to 1.1900.
Comment
The pair is now reached to buying zone.
Trade active
Comment
SL 1.1750
Comment
SL can move to entry
Trade closed manually
Euro continued lower and we exited with no loss.
Chart PatternsTrend AnalysisWave Analysis
ELWave

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.