Just before the EURUSD reversed and climbed from 1.118 to 1.13, it has already completed 3 waves of falling trend which could signal for a major reversal.
It is, therefore, a common sight to see that the price has retraced and climbed so much, almost recovering from the plunge right after the ECB press conference.
So today, we shall attempt a simple and straightforward intraday long.
The upward trend from the past 2 days is very likely to continue.
Look for an opportunity to long as the price retraces to the demand zone below which overlaps with a rising trendline which started from the reversal.
It is, therefore, a common sight to see that the price has retraced and climbed so much, almost recovering from the plunge right after the ECB press conference.
So today, we shall attempt a simple and straightforward intraday long.
The upward trend from the past 2 days is very likely to continue.
Look for an opportunity to long as the price retraces to the demand zone below which overlaps with a rising trendline which started from the reversal.
Trade closed manually:
Very good trading!
Well done if you have made this trade=D
Get ready to TP as this supply zone is likely to be a strong one.