IvanLabrie
Long

EURUSD: Wolfe Waves long setup

FX:EURUSD   Euro Fx/U.S. Dollar
90 4 7
As everyone and their mother probably knows, EURUSD             offers a bullish opportunity if you know where to look.

I'll be opening a long trade with a 1 ATR stop, targetting the different resistance levels above.
I'll monitor the trade for any possibility of scaling in with more lots, and/or places to close long positions in case the trade starts to head south.

Once price moved in my favor 107 pips, I'll move stops to break even and close half the position, and begin to scale in if possible.
I normally calculate the distance to the stop and use the maximum leverage as humanly possible, while keeping to my max of 5% whole account risk size.

Cheers, and may the ECB be with you.