Current structure we can count a 5-3 being completed to the upside. Wave 2 definitely looks like a Zig Zag, with a 5-3-5 structure, digging deep into the entire wave 1. (This is typical of wave 2)
Buying at current levels will yield a very decent RR.
Trade Idea :
Long at 0.723 (Market)
Stop loss, 5 pips below wave 1 swing low. 0.7197
Take profit 0.745 (TP 1)
Buying at current levels will yield a very decent RR.
Trade Idea :
Long at 0.723 (Market)
Stop loss, 5 pips below wave 1 swing low. 0.7197
Take profit 0.745 (TP 1)