EURUSD buy setup

FX:EURUSD   Euro / U.S. Dollar
99 1 5
EURUSD             breaking out of the A corrective wave of impulse wave 5, buying the breakout is a good idea.

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The pair eventually broke out to the upside as expected but after a very long sideways consolidation. The trouble with correction is that they can go on for quite a while. We have now reached the B wave of a 4 Hour Wave cycle and should be expecting a down turn to wave to complete this cycle.

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