This is my first trading idea in 2016.
I refreshed the labeling and think we are approaching the finish line of EURUSD corrective weakness of large 0.82-1.60 upmove and we are far below 61.8% of retracement level (1.12).
So idea is to catch last wave down to 1.0350 level. Risk/Reward is good.
I will update on any changes.
I would recommend you to move stop loss from 1.1025 down to breakeven at 1.09.
Enjoy safe ride!
The price shouldn't return above 1.0802 - assumed wave 1 low.
Model has been broken.
So the profit of +75 pips should be saved.