EUR/USD

16 באוג׳ 2021

Hi traders, here is my setup for this pair. As we have seen, the price line has reached the strong support point of 1.17216 and is trending to reverse. Looking at the long-term direction, we can see that the main trend is still bullish and the price line is just forming a P waves pattern. I expect the price to return to the 1.21776 mark. I use the elliot wave to find the reasonable entry as depicted in the picture, just keep it simple in trading. Have a good day to you all

R/R 1:2 1:3 1:....?