MoodandMarkets

Turn on the fifth wave

Long
MoodandMarkets Updated   
FX:EURUSD   Euro / U.S. Dollar
After a huge run and sideways corretion, I expect to see one more upward movement and reach my final target around 1.1250. This view is in alive while above 1.1030. This is not a good RR situation(below 1), that's why if I would like to be in this wave I should wait for the break-up and the end of the fourth wave could be my protective stop. This break out could create a situation above 2 RR.

It sounds better, but I will manage the position actively.

Trade closed: target reached:
Partly but closed, rest managed above 1.1180(profit protection)
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