Looking at the higher timeframe analysis, we can see that EURUSD is moving impulsively in the last period of time.
Impulsive move is made up of 5 waves
- Wave 1 = Wave 3 = wave 5 = 5 waves
- Wave 2 = wave 4 = 3 waves
We are now in subwave C of wave 4. Expecting a move down to our buy zone where we'll be looking for buys targeting 1.13 level.
If interested in trading subwave c, watch for a pullback and ride the move down after the breakout.
Good Luck and trade safe!
Impulsive move is made up of 5 waves
- Wave 1 = Wave 3 = wave 5 = 5 waves
- Wave 2 = wave 4 = 3 waves
We are now in subwave C of wave 4. Expecting a move down to our buy zone where we'll be looking for buys targeting 1.13 level.
If interested in trading subwave c, watch for a pullback and ride the move down after the breakout.
Good Luck and trade safe!
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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.
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.