EUR/USD - Long Entry - H1 | AB = CD Entry
Reasons for long:
1. Completed 5 legs of Elliott Wave
2. Break of trendline ress
3. RSI divergence
4. Break of previous high
5. Volaility (large wicks)
Price is currently consolidating around the 50% fibonacci level (low volatility) and hovering just above the Moving Averages - stops will be moved if price breaks to the upside.
1. Completed 5 legs of Elliott Wave
2. Break of trendline ress
3. RSI divergence
4. Break of previous high
5. Volaility (large wicks)
Price is currently consolidating around the 50% fibonacci level (low volatility) and hovering just above the Moving Averages - stops will be moved if price breaks to the upside.