Still long | 10 اكتوبر 2017

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (D) extended massively to the upper side and is still pretty much bullish both on the 4 hour and the daily charts. As long as the price remains above the lower supportive trend line, we expect this trend line to reject any movements to the lower side, thus, during this intraday, we expect a possible extension of the impulsive wave (D) to the upperside but should not go beyond the resistive trend line, where we'll be looking to short the impulsive wave (E) at the least risk. This pair will have a similar price action to GBPUSD and NZDUSD.

Trade Recommendations:

Remain long towartds the upper trend line