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..
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:
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..
