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Fifth ascending impulse wave

Fifth ascending impulse wave | 26 February 2016

26 February 2016, EUR/USD

Bears did not manage to push the price below a critical level, was is also the level of support.

The price started to rebound, and at present it may be the wave v of the rising impulse.

Anticipating this wave, I opened a Buy trade.

I will have to use a trailing stop, as there are doubts about the goals of growth of the pair.

Thus, in the near future we expect growth of the pair within borders of the wave v of an upward impulse.

Fifth ascending impulse wave

Vasiliy Lukin
FreshForex Analyst
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