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Long EURUSD for the B Leg in a corrective wave

The pair EUR/USD just touched  our lower up trend channel line at D1 TF and it  probably fulfilled its A leg in a corrective wave; B leg be forming now and there are some levels to consider for buying EURUSD:

  • Long at the current price level at 1.17545
  • Tp01&02@1.18595 and move Sl to BE, if the price reaches there
  • Tp03@1.19398

Note: If the price would make a further breakout at Tp03, then an extension can occur to a higher level. Take your look at the depicted chart below for more info:

 

Trade well!

 

Makkaba team

 

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