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August 29, 2025, we advised EWF members that the EURUSD pair was in a bullish wave count and to only look for BUYS.

EURUSD 1 Hour Chart Asia Update August 29, 2025 (Bullish Wave Count)
 

On August 29, 2025, I entered the buy position on the EURUSD pair at 1.1662 with a 12 pip stop loss at 1.1650 and was looking for a move higher to the 3R target at 1.1698.

Buy Trade Setup

1. Elliott Wave count is bullish, and structure is calling for a black wave ((ii)) termination followed by continuation higher. (See chart above)

2. Price taps into a bullish 1 Hour Gray Demand Zone. (See chart below)

3. Stochastic Indicator (Green oval) in the oversold zone. (See chart below)

4. Bullish divergence pattern (Red) formed in the demand zone, signalling the pair would reverse higher. (See chart below)

5. All the points above combined together and a price closing above the green IFVG was enough for me to squeeze the buy trigger with confidence.

EURUSD 15 Minute Chart August 29, 2025
 

EURUSD moves higher and hits 3R target at 1.1698 from 1.1662 and I closed trade for +36 pips (+3% gain risking 1% on every trade)

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