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Aurocks_AIF

EURUSD due for the awaited correction

Long
Euro / U.S. Dollar (FX:EURUSD)  
Aurocks_AIF Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD euro dollar Divergence Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI) Commodity Channel Index (CCI) Stochastic Oscillator trend
14
0
eurusd euro dollar divergence macd relativestrengthindex commoditychannelindex stochastic trend
EURUSD pair has started showing sign of weakness on daily with each new low (MACD, RSI, CCI positive divergences), approaching the low of March, which was the lowest rate since over a decade. The long strategy here is to find entries for an anticipated correction, whether by hunting and accumulating longs on lower timeframes or wait for the confirmation next days if it breaks up the falling wedge, or both, depending on the risk profile of this trade, which seems now as a countertrend trade on higher timeframes.

Happy Trading, everyone!
Comment:
Wedge has broken up, trade active, first target around 1.08
snapshot
Comment:
Second target hit, moved SL of the rest slightly under 1.09

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