eurusd

EURUSD reacting to the parallel channel. Possible entry now with a very small SL
Why are we entering?
- Expecting EUR strength and USD weakness
- In a bigger descending wedge and approaching wedge support.
- Approaching -0.27 target fibonacci

What are we waiting for to happen?
- Waiting for price to tag the channel support

What is our confirmation?
- a 4H bullish candle at the wedge support
- lower timeframe WFB

Entry
Risk Entry: Bounce off wedge support
No Safe entry as there's no visible WFB trendline

Once entered, where will our Stoploss be?
- Below the rejected price

Where do we take profits?
- First TP: 1.156
- Second TP: 1.168