On breakout of the last blue trendline we add more buys.We are on a "fifth wave" up before a correction follows.
Watchout for consolidation/reversal patterns at the end of wave B.(50-61.8% Fib retracement.) then sell stop loss at the blue horizontal line. This looks like a Zigzag .
EURUSD Sell Idea on 4h chart. Target the lower trend line. Stop loss; just above the upper trend line.(on the blue horizontal line)
Once the price breakouts out of the consolidation ,watch out for buy set ups.Target preveious swing high. Ignore the setup.
A newbie in wave analysis. Ignore my setup,critics and corrections are very welcome.