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A good buy towards the upper trendline.

A good buy towards the upper trendline. | 25 September 2019

25 September 2019, EUR/USD

A good buy towards the upper trendline.

Wave Analysis

After bouncing from the supportive trendline, the corrective wave (D) rallied slightly to the upperside and is now pulling back to the lowerside. As long as the price remains above the lower trendline, we expect the impulsive wave (D) to continue to the upper side and should not go beyond the upper trendline. If price can do perfectly as forecasted, then we're waiting tor sell a bounce from the upper trendline, the anticipated sell position is the continuation of the impulsive wave (E) and should end around the supportive trendline.

Trade Recommendations:

A good buy towards the upper trendline.

Bob Stan
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