Main >
Analytics
>
Fresh forecast
>
Elliott waves analysis
>
We're sellers towards 1.19858.

We're sellers towards 1.19858. | 04 June 2021

04 June 2021, EUR/USD

We're sellers towards 1.19858.

Wave Analysis

After breaking below the supportive trend line, Euro rallied to the lower side and is still very much bearish both on the daily and on the 8 hours chart attached. As it is now, we are holding onto long term sell positions expecting the price to breakout below 1.19858 and may breakout much lower towards 1.17450. And in case the price bounces off from 1.19858, then this will be a good place to consider a possible long term buy position expecting the price to rally to the upper side with an ideal target set at 1.22910.

Trade Recommendations:

We're sellers towards 1.19858.

Profit within arm’s reach The strategy's profitability over the past year and a half was 129%. The strategy has simple and understandable rules, trading on it takes 5 minutes a day. Inside you find the level of opening positions, Take Profit and Stop Loss levels. To ensure profitable trading, implement the FreshForex strategy today: 1) Deposit $90 or more in your trading account from June 2 to June 29, 2021. Your deposit is fully available for trading. 2) Send a request to school@freshforex.com and specify your account number. Make a note in the email that you want to receive a strategy.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Login

Show password

Hide password

 Forgot password?
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 .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.
Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.