Forex EUR/USD Daily Video, October 20, 2022

[Sive Morten]

Good morning,

EUR has completed the first stage of our trading plan with downside 3/8 intraday retracement. Since even minor upside daily AB-CD target has not been reached yet, normal bullish market should turn up. If this will not happen and EUR drops under K-area - it would be better to stay aside from new longs for some time.

 

[Brett Reynolds]

I am still holding Position from 2 weeks ago actually. The original Buy Limit order.
Now we have today the completed 50% retracement of the move from 13th October around 0.9750.!
I saw nice divergence this morning on 1 hour chart and placed Buy Stop Order at 0.9780.!