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

Impulse looks finished, get ready to buy

30 May 2016, EUR/USD

The price had continued to decline and updated the local Low. Thus it has probably completed development of impulse formed as the wave i. However, do not go to Long immediately, since it is not clear whether the momentum will end today or movement will last for a while.

Therefore, in this situation we should wait for the first signs of reversal and then try to open a position to Buy.

Stop Loss shall be put on the new price Low.

Vasiliy Lukin
FreshForex Analyst
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 .