The EURO went deeper during its fourth wave, and the price reached the 38.2% (1.1342) Fibonacci retrace.

The wave “4” red is likely to be over now, here is a new pending order:

BUY STOP EUR/USD 1.1378 STOP LOSS 1.1348 TAKE PROFIT 1.1408

If you want to customize the trade, make sure to target at the previous high 1.1440 and use a 20 PIP trailing stop.

Happy holiday!

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