EURUSD has broken out of it’s consolidation on the higher time frames and has now formed a clear bullish wave.

I will now wait for a BC wave retrace to the demand area between the 50% and 61.8% Fibonacci levels. I have used the 4HR time frame to identify my demand zone for a better entry.

Entry: 1.11294

Stop Loss: 1.05559

Take Profit: 1.18626


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