EURUSD saw the anticipated bounce to the 1.1800 area. The pair is now forming a pullback pattern on the 240 after achieving a measured move on the "BC" corrective leg. Potential pullback long entry area around 1.1620, stops below 1.1550 and 1R-2R targets ahead.
Note
1.1575-1.1625 area for trend continuation pullback limit buy orders seems reasonable, with stops below 1.1495.Trade active
1.16259 entry, stops @ 1.1525Trade closed manually
Price action is very bearish. Probably a better buy entry will present itself in the near future.Trade active
entry 1.1578 sl .1.1505Note
Trade closed manually
+75 pips
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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.