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On the sidelines.

On the sidelines. | 19 September 2019

19 September 2019, EUR/USD

On the sidelines.

Wave Analysis

Still nothing much happening on this pair, we expected a massive decline towards 1.09050 but as it looks, this pair could stay within the falling wedge formation for sometimes. As long as the price remains below the upper trendline, we're hesitant to pick buy positions, instead, we're waiting for arise towards the upper trendline to pick a long term sell orders towards the level 1.09050. The idea is not to look for sell positions now, but to wait for pullbacks to pick low risk sell orders.

Trade Recommendations:

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Bob Stan
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