manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

We expect breakdown of the horizontal range

06 April 2016, EUR/USD

The pair did not want to get out of the range, which borders are marked on the chart below.

My Buy deal was closed based on Stop Out and had already been moved to the breakeven status.

Next steps are not clear. What is clear is that the need to wait for the price leaves the specified range and open trades to the side of breakdown.

Our Wave scenario remains unchanged. Probably, double zigzag has finished its formation and in the future we can expect a decline.

However, if the price continues to move up, our scenario will remain justified, but only the wave with of y will extend its length.

Therefore, to be sure, it is better to wait for breakdown of the specified range.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .