Based on our updated wave count we appear to be in wave 5 up of an ascending impulse at the minor degree.
Although we have daily buy signals that align with our daily bullish momentum, we have not entered a trade because our weekly momentum is still bearish.
We hope to enter the trade soon when all 3 are in alignment.
A riskier trade setup would be to start scaling into the trade now, but that does not align with out trading plan as we have just started following EURSUD.
Our first profit target will be the .236 fib extension.
Although we have daily buy signals that align with our daily bullish momentum, we have not entered a trade because our weekly momentum is still bearish.
We hope to enter the trade soon when all 3 are in alignment.
A riskier trade setup would be to start scaling into the trade now, but that does not align with out trading plan as we have just started following EURSUD.
Our first profit target will be the .236 fib extension.