Well done Bulls! 🐂

That is precisely what we want to see! When we talk about a so-called 1,2 setup, which is the basis for an impulsive movement, we want to see a structure like in our EUR/USD chart. Wave i and ii in green lay the foundation for the impulsive breakout in wave iii. Ideally, we go long with the beginning of a wave 3. In this case, our entry in the EUR/USD has worked well, and we are currently just about 3% in the green (over 340 pips). We now expect that the bulls will continue to run into the $1,226 region before another wave of correction awaits us.

Happy Trading ✌️