Referring to the chart above, there's a possibility of good long setup for EURUSD .
1) Wave 5 of waves
3) Price is hovering over =
4) Price is currently at 38% fib retracement (wave 1 to wave 3)
Take profit zone
1) 1st = the same length of wave 1
2) the 2nd level of = 1.62 extension of wave 1
Ps: Please do not take this as a trading signal. This is just our thoughts on how the market might move based on .
"Trade what you see"
Have a pleasant.