Spotted this opportunity today combining uptrend channel + potential Elliott wave + supply zone. EUR has opened its uptrend since last few weeks.
The price is likely to turn around with the help of support level, up trend channel and Elliott wave no 5.
Watch out price action around this area and take the long around 1.125. Stop loss below 1.1177. Target at Fibonacci extension 1.618 level as shown on chart.
For me its almost a full score + home run trade and there is no reason why I shouldn't take it.
Good luck
The price is likely to turn around with the help of support level, up trend channel and Elliott wave no 5.
Watch out price action around this area and take the long around 1.125. Stop loss below 1.1177. Target at Fibonacci extension 1.618 level as shown on chart.
For me its almost a full score + home run trade and there is no reason why I shouldn't take it.
Good luck
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