This one is quite tricky, but patience is key. Wait until there is a clear breakout of the ENTRY LEVEL before entering this trade. I suspect there might still be a final push upwards to complete the final 5th short term wave before eventually coming down. PATIENCE PATIENCE PATIENCE.
Comment:
Here we can see just how important waiting can be. Market forms a double bottom at the Entry Level, retraces back and is looking like taking a dive from the 61.8%. A higher risk to reward trade can be taken now at current levels of 1.11440. Since we have successful completed the 5th wave. I am quite convinced EU might start a decent soon.
Comment:
ENTRY LEVEL has been triggered. This down move is now valid. Take trade respecting the INVALIDATION LEVEL. Use proper risk management.
Comment:
Apparently EU wants to keep manipulating moves. I'll be staying clear of this pair for now as it is still deciding which direction it will follow. Bad trade Good idea. Follow for more ideas to come.