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Lionheart-EWA
Feb 13, 2017 8:18 AM

EUR/USD - Bullish Minor B - Intraday Long

EURO / U.S. DOLLARICE

Description

EUR/USD has completed a 5 Wave structure for Minor Wave A (blue) and now showing good signs that it will most likely retrace on the up-side towards Minor Wave B (blue).
Bearish Volumes are picking up and the Bullish Divergence is a good sign for this set-up.
First Resistance has been breached and a good way to trade this move would be to wait for a Flag Formation on the Channel line.

Low Risk - Good Reward - BUY Scenario:

Entry - 1.06300
SL - 1.06100
TP - 1.07040 & 1.07200

Trade closed: stop reached

SL reached, gains on another trade posted.
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