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Wait. | 18 April 2022

18 April 2022, EUR/USD

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Wave Analysis:

The Euro has been trading on a downtrend for a while now,during the previous trading days the price bounced off to the upper trendline in continuation of the corrective wave cycle four,but it rebounded to the lower side in a move to complete the impulsive wave cycle five.Right now the price is rallying within the upper and the lower trendlines,I expect the price to break below the lower trendline and continue downwards.If you are looking at this chat now,wait for a clear break below the lower trendline then pick a long term sell position.

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Bob Stan
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