EURUSD Long Scenario 330 pip 1.17 Target
The EURUSD pair is currently in the 5th wave of an ending diagonal. After a break of the top trendline of the ending diagonal, anticipate a retest of the top trendline for entry. If this opportunity does not present itself after the break, then enter on a lower time frame when consolidation occurs above the break.
Take profit on the green trendline and await confirmation to sell.
Below you'll find my monthly analysis of the EURUSD pair.
Take profit on the green trendline and await confirmation to sell.
Below you'll find my monthly analysis of the EURUSD pair.
Trade closed: stop reached:
Entered on retest, however the low did not hold so the stop was taken out.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.