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Wait. | 07 July 2022

07 July 2022, EUR/USD

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Wave Analysis:

This pair has been trading within the upper and the lower trendline for a while now, previously the price rebounded from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four. The price then rallied around the upper trendline but then bounced back towards the lower trendline in continuation of the impulsive wave cycle five. If you are looking at this pair right now, wait for a clear break below the lower trendline then pick a sell.

Trade Recommendations:

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Bob Stan
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