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| EURUSD 1HR - Intraday Analysis for March 31 |
The third wave of a five wave downward impulse could begin today. If the pair were to meet resistance at 0.618 retracement, a break below the 0.236 expansion would be plenty of confirmation for wave 3. However, entering at the top (that is at 0.618) will give the best risk:reward ratio for the trade.
UPDATE!!
The 0.618 resistance level has been hit, and my limit order has been opened. Cheers.
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| Entry Made |
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