Moving in waves
The EURUSD on the monthly chart shows us a great Fibonacci movement from the downside up.
As we can see, there is formed the A and the B, and it seems to be in the retracement now.
As rule, we take the 38% Fib as a minimum goal, but it could be also lower.
For this trade, I planned TP at this number and will tune in to watch a buy setup for the long way up.
Of course, this trade can be focused on the daily charts and changed into several small Fib setups.
I hope to see good signs of buy signals between the 38% and the 50%
As we can see, there is formed the A and the B, and it seems to be in the retracement now.
As rule, we take the 38% Fib as a minimum goal, but it could be also lower.
For this trade, I planned TP at this number and will tune in to watch a buy setup for the long way up.
Of course, this trade can be focused on the daily charts and changed into several small Fib setups.
I hope to see good signs of buy signals between the 38% and the 50%
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