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Flash430
Apr 11, 2018 1:47 PM

EUR/USD buy strategy for 4:1 return/risk opportunity Long

Euro Fx/U.S. DollarFXCM

Description

Triangles occurring in similar positions in XAU/USD 1.00% , EUR/USD 0.19% , DXY -0.14% .....potentially with Syria/Russia conflict or China trade war fundamental factors exacerbating. 4th wave triangle looking to break higher. Need probably one more leg (e wave) lower to finish triangle consolidation pattern before a thrust higher. Potential 4:1 reward/risk. BUY at 1.2300, stop 1.2225, take profit target 1.2600. I prefer the BUY GOLD idea published earlier as slightly higher R/R.
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