Idea for EURUSD @ 4th Mar. 2024

Indicates the end of a corrective wave, which took the form of a double zigzag pattern. It seems that the pair has started to form a new bullish wave, represented by the wave 3 and 5.

💫 After the completion of this upward wave, we should expect to see a corrective pattern representing the wave 4. This pattern should take a different form than a triangle.

✨If this occurs, we can say that as long as the price continues to trade above the level of 1.06950, we expect to see another bullish wave targeting the level of 1.1.

Transaction en cours:

Running 150 pips