manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in


25 October 2016, EUR/USD


Wave Analysis:

Yesterday, The Euro opened at $1.08785 but ended up closing at $1.08798, the previous day’s candle is a near perfect indecision candle and chances of moving to the either sides of the market are pretty much equal. Thus, although we expect to continue short with the impulsive wave (c), in the meantime, we choose to sit on the sidelines and wait for a clear direction in the market. We expect a opposite wave count in USD/CHF and USD/JPY. These pairs moved in a opposite direction compared to the euro and will continue to have an exact opposite price action during this intraday.

Trade Recommendations:

Remain flat for now but expect a possible bearish price rally later today.

Graham Osano
See also:
Agree with the review?
Traders' opinion:
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 .