EURUSD LONG Entry

1 May 2020

Since the previous impulse, price has formed a nice correction. If price does not break below current support and bounces back up, this is a confirmed entry point.

5 May 2020

Not

Price did go above the correction and quickly reversed. The large green impulse would have been a good exit point, even after the retrace that led back down below the correction. The major clue that price might go back down was a short correction after the steady move up.