FX:EURUSD Euro Fx/U.S. Dollar
EURUSD has completed a series of impulse moves and may be ready for a 38.2% correction down to fourth wave support. To add to the possibility of a correction, wav e1 price range is approximately equal to that of wave 5. Daily support sits above wave 5 peak. Entry was placed at the close of previous candle with SL above wave 5 and target at . level. This is an 8.86 R/R trade.
Comment: Moved SL to B/E at 1.09361
Trade closed: target reached: +39 pips, while only risking 4 pips