EURUSD - Buy towards 1.20 area - Good Risk/Reward

EURUSD finished the B wave of a zigzag, looking now for wave C higher wich should play out as an impulsive wave.
So, we are anticipating price to go to 1.19 - 1.21 area in the following weeks.

I entered at 1.148 then 1.152 and 1.156
You can enter now, but it's better to wait for a pullback before entering for a better Risk/Reward ratio.

So,

Entry : on pullback or right now
Stop : 1.1430
Target 1 : 1.185
Target 2 : 1.210

Commentaire:

Price is in the buy zone, get ready to go long.

Commentaire:

Price is finishing a flat correction.
The ideal buy zone would be 1.15 to 1.1515
but you can enter now if you like.

Transaction en cours:

New trade opened @ 1.1510
SL 14.3 at first then move it 1pip below this low once it is confirmed.

Commentaire:

Price fell (too much for my taste) because of Italy politics and came 2pips away from my Stop.
I think price is turning now, wave C ended (you can identify the subwaves) and divergence building up.
That's why I went long again @1.1439 with a small lot also.
This setup gives incredible profit potential with just a few pips of Risk.
It's safer to enter on a Trend Line or MA break for exemple but I don't mind if I lose this one.