Hi guys , i posted earlier some short term analyses of EURUSD which went pretty well , i expect it to go up now , to finish a last move up before falling deep into bear hands. EURUSD is currently counted as being in the wave 4 (consolidation) after a strong bullish wave 3 , expecting wave 5 to finish this bull run now. Will keep this post clean and post updates as i see them only , please manage your own trade with risk/reward ratios that you see as more effective. Goodluck!
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SL was hit as you see on chart (1.185 red line) but going back in for the bull run. would advise to keep sl under the low 5 pips and aim for the top!
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These moves are corrective , please find an entry lower (price will most likely break a new low)
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Let's begin trading. Current price 1.161
Trade closed manually
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Another low seems to come...
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Didnt break the low but close to it , trading can begin now. aiming for the 1.20-1.215 area since the downwards momentum was too strong.