If price closes above the 5 EMA, then I expect it to do it again.
With that being said, EURUSD closed above the 5 EMA on the daily time frame. This suggests a continuation of bullish moves for Thursday 8/3.
Therefore, I will be looking for long entries within the support of market structures as well as price action around the 5 EMA on the 15 minute time frame.
Each trade will have a 13 pip stop loss and a 42 pip take profit target. Stops will be manually trailed.
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