Fxprotrader
Long

EURUSD Watch For A Buy Setup At Key Zone

FX:EURUSD   Euro / U.S. Dollar
576 2 25
Price in EURUSD             is moving in a rising channel into a corrective structure and is now testing a key level where we should watch for a buy setup. It's very interesting that price has retraced to the lower parallel of the channel like a clone to a previous retracement (same range, same angle). Even if this zone looks like will push price higher, we still should wait for a buy setup to form with a wave pattern being my first priority.

Have a nice trading week..!

p.s: Take a minute and read my post of "1001 pips project". You may find the link below..
Comment: Price is movig into a wedge pattern, while we have a bullish divergence in MACD. Keep a closer eye for a breakout above the pattern, wait for a buy setup to form based on your strategy and buy EURUSD
Comment:
snapshot
Comment: This zone hold and price reversed and going up once again.. What i expect now, is a correction for another up move. For those who are already in, you may add and trail, to make this setup a huge one..
Good call. I was going to take the trade as soon as you posted the buy setup. Unfortunately the price spiked just as I was placing my order and the trade went outside my R:R strategy, so I missed it.
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Nevermind..! this shows that you are a disciplined trader.. others may have jumped in in any level.. Well done..! More setups are about to completed in many markets..
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