We're short | 16 February 2023

16 February 2023, EUR/USD

We're short

EURUSD is currently bearing. The market is moving to the downside in form of a corrective 3wave pattern and as we can see on the chart above, the market has formed an expanding wedge from minor corrective wave (a),1.0667, to minor corrective wave (b),1.0788. The market is currently in a major zone(Resistance zone), the market can either break below this level and then drop up to 1.0463, Or it can form a double bottom and then buy up to 1.0710. We wait for the market to break below the lower trendline of this channel trades, then we enter sell trades.

Trade Recommendations:

We're short

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus