Yes and no. You are looking for waves and this is good and the correct thing to do. But an entry point is not defined by price alone; the element of time, "when" is equally weighted in the definition. Think how the market moves....euro traders make their moves, then US traders make their moves. If you "see" entry ahead of one of these phases, and especially ahead of the time for important market releases (Like a major USD release, even though the pair does not involve USD), you could get hung out to dry. Something like this might better be postponed until a retrace to EP and then another break up (another small WAVE up), because it might retrace to EP and keep going south (a big WAVE down).
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Enter Signature
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Trading methods are designed to put the odds in our favor, not predicting.
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