Wait for a bounce from the supportive trendline to pick a low risk buy order. | 08 April 2019

08 April 2019, EUR/USD

Wait for a bounce from the supportive trendline to pick a low risk buy order.
Wave Analysis:
Few days ago, Euro established a support around the supportive trendline. As long as the price is contained above this trendlione, we choose to remain hesitant to pick a long term buy order. Any clear bounce from the supportive trendline, will mark an end to the immediate corrective three wave cycle and could push the price higher towards the weekly resistance level 1.17743. A breakout to the lowerside will push the price further to the lowerside towards 1.045.
Trade Recommendation;
Wait for a bounce from the supportive trendline to pick a low risk buy order.
A lot of interesting information on the webinar!
Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus