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

Ready for decline

02 August 2016, EUR/USD

Bearish frame remains relevant. The previous trading day, the pair had been correcting. Perhaps, this way the pair is gradually preparing for a move down. Whatever it is, correction in the form of a plane wave [iv] seems to be fully formed, so the bearish scenario has all chances. Anticipating an impulse drop, I opened a Sell trade with stop loss not set yet, but I will exit on update of High.

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 .