Opening Trade Ideas for EURUSD on 15m Chart
Based on Friday's strong, impulsive wave down, it appears that a trend change has occurred and that wave 1 down of 5 may have completed at the up arrow on the chart.
If so, then we need some corrective waves for complete wave 2 up. Ir is also possible that wave 1 down is not yet complete.
I have place two left arrows where I (not you and not trading advice) place to take either a scalping position either lone or short depending on which way trading goes.
My ideal trade would be to go long and have price move up to the 61.8% retracement which coincides with the green downsloping line from the top of trading on Friday.
This is where I would take several short positionns both for size and time frame to hold as once wave 2 up is complete, a strong wave 3 down would come next.
Just what I'm looking at...good luck!
If so, then we need some corrective waves for complete wave 2 up. Ir is also possible that wave 1 down is not yet complete.
I have place two left arrows where I (not you and not trading advice) place to take either a scalping position either lone or short depending on which way trading goes.
My ideal trade would be to go long and have price move up to the 61.8% retracement which coincides with the green downsloping line from the top of trading on Friday.
This is where I would take several short positionns both for size and time frame to hold as once wave 2 up is complete, a strong wave 3 down would come next.
Just what I'm looking at...good luck!
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