EURUSD Higher Timeframe Analysis

Looking at the higher timeframe analysis, we can see that EURUSD is moving impulsively in the last period of time.


Impulsive move is made up of 5 waves

- Wave 1 = Wave 3 = wave 5 = 5 waves
- Wave 2 = wave 4 = 3 waves

We are now in subwave C of wave 4. Expecting a move down to our buy zone where we'll be looking for buys targeting 1.13 level.

If interested in trading subwave c, watch for a pullback and ride the move down after the breakout.

Good Luck and trade safe!