EURUSD Long Trade Setup

18 באוק׳ 2021

It seems like a running flat is in the making, and the last low can be the end of the wave B. If so, we should have a reversal impulse, and a correction should be in the making. Now, I'm waiting for a complete correction and a small trade setup to place a pending order. The blue annotation shows the scenario of a bigger correction with a running flat in it. Because of this possibility, I'll move SL to BE if I see a sudden fall. My target will be 1.219.