🔸Hello traders, let's review the 4 hour chart for EURUSD. Speculative XABCD in progress, with PRZ/D set at 0680, so expecting more losses in EURUSD before reversal from point C.
🔸XABCD structure is defined by point X at 0585, point A at 0200, point B
at 0520, point C at 0275, point D/PRZ at 0680, currently most points validated, point C/PRZ still pending, so traders should wait until we hit C before buying.
🔸Recommended strategy for EURUSD traders: wait for pullback/correction
to complete at point C near 0275, buy/hold, SL 60 pips, TP1 +200 pips TP2
+400 pips. BUY/HOLD at point C/PRZ at 0275. swing trade setup. good luck!
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