EURUSD: Low risk long entry

FX:EURUSD   Euro / U.S. Dollar
2025 41 37
The downtrend has been corrective, based on the sluggish pace and the internal structure.
We didn't get the selloff I expected.
Enter long now, stop under the lows.
Risking 2.5% on it, closing 75% once I match the distance to the stop.

Good luck,

Thanks :D

New 13 week mode lower!
Trend is still down. I suspect Yellen will send this one down tomorrow.
I'll update with shorter timeframe charts next.
IvanLabrie IvanLabrie
Sorry, repeated comment...Feel free to erase it mods. Thanks.
moneymaking IvanLabrie
Yes, everyone is waiting for tomorrow's Federal funds rate. Hey Ivan, do you close all your open positions, before a news this big?
Careful, looks like we have a new 13 week mode down = trend is down.
Advance has been to slow, I'll continue to update the Madam Y idea, since it's her turn to rock the markets tomorrow.

If long booking 75% of profits and moving stop to break even is a good idea right now.
Going pretty well right now :)
+1 Reply
IvanLabrie PooyaSalehipour
That is a very strange wave count mate.
I agree on having a retracement soon, but a bit higher, say 1.115-1.12.
+1 Reply
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