Good morning traders,
The EURUSD appears to be forming the c leg of wave 4.
Once this wave has completed we are looking to go long on wave 5.
Wave 5 will also have 5 sub waves providing opportunity to enter further positions on pull backs.
Wave 5 will need to reach at least the peak of wave 3, meaning 1.1240 can provide an initial target.
1.1020 will also provide a great entry as this will be a long term inverted head and shoulders pattern.
Any thoughts on the set up are welcome!
The EURUSD appears to be forming the c leg of wave 4.
Once this wave has completed we are looking to go long on wave 5.
Wave 5 will also have 5 sub waves providing opportunity to enter further positions on pull backs.
Wave 5 will need to reach at least the peak of wave 3, meaning 1.1240 can provide an initial target.
1.1020 will also provide a great entry as this will be a long term inverted head and shoulders pattern.
Any thoughts on the set up are welcome!