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We're buyers | 05 April 2023

05 April 2023, EUR/USD

EURUSD is currently in a bullish trend, the market is in a corrective phase which is the ABC corrective pattern. The market formed a descending channel which is a bullish continuation pattern, from minor corrective wave "A",1.1029 to minor corrective wave "B" 1.0524. The price has already broken above the upper trendline of this descending channel, this is a confirmation for us to buy. You can place buy orders now with your take profit at 1.1602 and stop loss at 1.0754. Lastly, should the price break below 1.0754, this setup will be invalidated.

Trade Recommendations:

We're buyers towards 1.1602

Bob Stan
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