Buying the EURUSD with a minimum 200 pips potential

FX:EURUSD   Euro / US-Dollar
Price has formed an impulse move after the completion of an ending diagonal structure. As long as price remains above the recent low at 1.1669, we can expect another push up minimally towards 1.1984 area, and potentially even breaking the previous high at 1.2094 to complete the larger 5-wave structure.

A decent retracement towards 1.1749 - 1.1774 area would present a good opportunity to long the EURUSD , with stops below the recent low, targeting 1.1984 and 1.2115 area.

Long around 1.1749 - 1.1774
Stops below 1.1669
Targeting 1.1984 and 1.2115

Disclaimer - make sure you have a proper plan to engage this trade.
let it just cross the trend line too early for this move------possible will go down first to near 1.1625
+1 Antworten
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