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Waiting for a low risk sell.

Waiting for a low risk sell. | 17 October 2019

17 October 2019, EUR/USD

Wave Analysis

Perfectly as previously forecasted, Euro rallied to the lowerside but could not go beyond the supportive trendline, we expect the bounce from the supportive trendline to have marked an end to the corrective wave (D) to the lowerside and the begging of the impulsive wave (E) to the upperside. As it is on the hourly chart attached, if the price fails to break above the upper trendline, then this could give us the best place to look for a sell from. But, if the price breaks above this trendline, then we expect a momentum even higher.

Trade Recommendations:

Waiting for a low risk sell.

Bob Stan
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