EUR/USD - Quick Up Move
Updated
Hi traders, a quick one to post whilst the trading day progresses.
Here we have EUR/USD on the 1H chart.
After EUR/USD had a short term correction to the downside, I am now expecting an up move to my upside target of 1.1850.
Me and my private FOREX signals channel have been long in this trade since 1.1780, so we are already almost 40 pips in profit with this up move.
It appears price is moving in a 3 wave pattern. So I achieved my target by measuring the first impulse, and then I copied the first leg to create the second impulse move.
I will be updating this analysis as it progress.
Feel free to connect. :)
Here we have EUR/USD on the 1H chart.
After EUR/USD had a short term correction to the downside, I am now expecting an up move to my upside target of 1.1850.
Me and my private FOREX signals channel have been long in this trade since 1.1780, so we are already almost 40 pips in profit with this up move.
It appears price is moving in a 3 wave pattern. So I achieved my target by measuring the first impulse, and then I copied the first leg to create the second impulse move.
I will be updating this analysis as it progress.
Feel free to connect. :)
Trade closed: target reached
Price successfully hit target soon after posting. Well done to anyone who got this move, it was highly profitable. :)
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