Euro/Dollar (EUR/USD) finalized our previously posted Bearish Minute A (red) and is about to start the Corrective Minute B (red).
Minute Wave B (red) would retrace 50-61.8% of Minute A (red), as per the Fibonacci Retracement levels.
Minute A (red) unfolded with an extended Minuette iii (blue) and Minuette v (blue) is unfolding as an Ending Diagonal.
Euro/Dollar (EUR/USD) is also showing a Bullish Divergence along side the Ending Diagonal, which makes this a very possible Bullish move.
Euro/Dollar (EUR/USD – BUY Positions:
Aggressive Entry – 1.06600
SL – 1.05900
Conservative Entry – 1.06200
SL – 1.05400
TP1 – 1.07700
TP2 – 1.08000
*Safety Measures:
– move SL to break-even when in the green
– wait for Bullish Breach and then a Flag
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Richard
* Due to the fact that some of our traders got stopped out at break-even or at the Aggressive SL, we decided to follow-up with a fresh analysis and better entry levels.
Euro/Dollar (EUR/USD) – Bullish Corrective – Update:
By reviewing our levels and updating the analysis, we can spot better Entry Levels with Higher Probability.
Minor Wave B (light blue) unfolded with a 5 moves Structure, with an extension in Sub-Minuette iii (black) within Minuette (iii) (blue).
Minuette (v) (blue) also unfolded with an extension, which is most probably going to end its structure at the 61.8% Fibonacci Extensions of Minuette (iii) & (iv) (blue).
The Euro/Dollar (EUR/USD) BUY Set-up will be confirmed with the Upcoming Bullish Divergence at the specified Levels.
Euro/Dollar (EUR/USD) – BUY Levels:
(Updated)
Moderate Entry – 1.05500
SL – 1.05100
Conservative – 1.05300
SL – 1.04800
TP1 – 1.07200
TP2 – 1.07700