EURUSD saw the anticipated bounce to the 1.1800 area. The pair is now forming a pullback pattern on the 240 after achieving a measured move on the "BC" corrective leg. Potential pullback long entry area around 1.1620, stops below 1.1550 and 1R-2R targets ahead.
Comment:
1.1575-1.1625 area for trend continuation pullback limit buy orders seems reasonable, with stops below 1.1495.
Trade active:
1.16259 entry, stops @ 1.1525
Trade closed manually:
Price action is very bearish. Probably a better buy entry will present itself in the near future.
Trade active:
entry 1.1578 sl .1.1505
Comment:
Some signs of bullishness here
Trade closed manually:
+75 pips