KVE
Long

EUR/USD hourly update: Looking to buy a possible breakout...

FX:EURUSD   Euro Fx/U.S. Dollar
461 0 11
See my previous idea's on this pair for more info and larger timeframe analysis.

A new diagonal pattern might signal the end of the down move, it might be the end of a wave 1 of a whole new larger degree downtrend but based on my previous analysis I'm more biased towards the end of a corrective wave A.

Anyway: If the diagonal breaks to the upside it seems to me like a good idea to buy into it and possibly catch an up wave towards the 61.8% retracement of the last wave down around 1.1260 and in extension towards the high close to 1. 1400             ...
Look for a breakout and correction above the structure to enter long.
Order cancelled: No trades initiated
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out