EUR/USD has completed a 5 Wave structure for Minor Wave A (blue) and now showing good signs that it will most likely retrace on the up-side towards Minor Wave B (blue).
Bearish Volumes are picking up and the Bullish Divergence is a good sign for this set-up.
First Resistance has been breached and a good way to trade this move would be to wait for a Flag Formation on the Channel line.
Low Risk - Good Reward - BUY Scenario:
Entry - 1.06300
SL - 1.06100
TP - 1.07040 & 1.07200
Bearish Volumes are picking up and the Bullish Divergence is a good sign for this set-up.
First Resistance has been breached and a good way to trade this move would be to wait for a Flag Formation on the Channel line.
Low Risk - Good Reward - BUY Scenario:
Entry - 1.06300
SL - 1.06100
TP - 1.07040 & 1.07200
Trade closed: stop reached:
SL reached, gains on another trade posted.
