Update - EUR/USD – Bullish Minor B – Intraday

Short Trade stopped out due to very tight SL.
Wave Labeling and Levels Update:

Conservative Entry - 1.05400
SL - 1.04800
TP - 1.07040 & 1.07400

Yorum:

EUR/USD -0.62% has completed a 5 Wave structure for Minor Wave A (blue) and now showing good signs that it will most likely retrace on the up-side towards Minor Wave B (blue).
Bearish Volumes are picking up and the Bullish Divergence is a good sign for this set-up.
First Resistance has been breached and a good way to trade this move would be to wait for a Flag Formation on the Channel line.

Low Risk - Good Reward - BUY Scenario:

Wave Labeling and Levels Update:

Conservative Entry – 1.05400
SL – 1.04800
TP – 1.07040 & 1.07400

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