Waiting for a low risk sell. | 09 اكتوبر 2019
09 اكتوبر 2019, EUR/USD
Wave Analysis
During the previous trading day, our stops were taken out when the price went below the lower supportive trendline. As long as the price continues to sustain the break below this trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of an impulsive wave count and should break below 1.0940 towards 1.0915. And on the flip side, should the price break above the same trendline, then we'll expect a possible momentum towards the upper trendline or 1.1005.
Trade Recommendations:
Waiting for a low risk sell.
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.
