As you can see on my chart, 1.40 seems to be a bullish daily target. Long positions above 1.3600 SL according to your rules Target 1.4000. That's my resistance area that i'll consider to thing about shorting the pair. (Deep Crab, ABCD & wwPo5')
The next big opportunity for EURUSD it'll be bearish, I thing. Bear's are hiding somewhere around 1.10 targeting 1.057 and even lower.
With more than 150 pip SL I don't wanna involve with this. But I will try to find something at a lower TF. In any case, the target is 1.4000.
if the price comes back to 1.0680 I'll buy the "touch&go". Target 1.0900 Stop Loss below 1.0600 Risk<1%
As you can see we have also a Butterfly at the same area. BC=0.386AB doesn't meet (Butterfly rule) but that doesn't bother me because of the WW.
Entry: WAIT for pullback to 1.3400 Targets: 1.3600/1.3735 SL: <1.3300
SL above 1.4400 entry: depends on your strategy. Main Target 1.3900
It seems that blue Po4 of a WW has been formed. In that case i'm waiting for the flag at 15' for confirmation or a buy limit order @1.4000 (see TF240') Target 1.43 SL < 1.3880 Risk<1% PS. i'm all ready in from 1.3934
Targets 0.382/0.618 from the BAT Extended Target 0.74345
I' m targeting the potential long entry of the Gartley.
TP 1.0675 from the WW (and ab=cd also) Entry 1.05914 SL 1.05505
As you see on the chart i am already short because of the resistance at 0.9461 but right now we have the next opportunity to add or jump on the trade. Depends of your entry strategy wait for a flag below the TL or the double top confirmation! Alexandros.
I prefer to set my short entry at 0.9900~0.9878 area SL above 0.9940 For targets keep in to your minds 0.95534
Trend continuation bearish Cypher on the way down to 0.9556~0.9500 area