Correction is nearing its end, it's time to sell | 12 May 2016

12 May 2016, EUR/USD

By now, corrective growth can be over.Based on this assumption, I've made an attempt to sell with a stop loss being put just above the local High.

In the future I expect a notable impulse decline within the framework of the third impulse wave. Although I do not exclude that in the future we can expect continuation of this correction; that is why I have put such a high stop loss.

Vasiliy Lukin
FreshForex Analyst
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 .