EUR/USD: Resumption of Decline in the Corrective Pattern. | 13 June 2024
13 June 2024, EUR/USD
The situation is unfolding exactly as anticipated within the proposed wave scenario. During the past trading day, the price rose as expected, but the movement was much stronger than anticipated. This likely formed the connecting wave x in the double zigzag pattern.
If this is indeed the case, we can expect a decline driven by the formation of the second wave in this complex corrective structure. This presents a promising trading opportunity.
Consider opening sell positions at the current price levels.
Investment Idea:
Sell: 1.0800 Stop Loss: 1.0825 Take Profit: 1.0700
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
