Sell a break below the supportive trendline towards 1.04640. | 03 سبتمبر 2019
03 سبتمبر 2019, EUR/USD
Wave Analysis
The previous months candle closed as a perfect bearish pin bar candle. This is a clear sign that sellers are dominating this market, however, instead of looking for a sell position now, we're waiting for a clear breakout below the supportive trendline to confirm that we're continuing to the lowerside. Conservative traders can wait for a pullback towards 1.11290 to pick a low risk sell order. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 1.07940 towards 1.04640.
Trade Recommendations:
Sell a break below the supportive trendline towards 1.04640.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
