EURUSD BUY LONG

Structure: This chart illustrates an Elliott Wave pattern in progress, with the potential for a continued upward move. The waves suggest that the current market is in a corrective phase, likely preparing for the next impulse wave higher.

Trade Setup: The trade idea here is to go long, anticipating the completion of the Elliott Wave structure with a target price around 1.13500 (green area), which coincides with the projected wave 5. The stop loss is set below 1.08813 (red area), protecting against a deeper corrective move or the invalidation of the wave count.