Buy a break above the immediate trendline. | 17 أبريل 2020
17 أبريل 2020, EUR/USD
Wave Analysis
Yesterday, our stops were taken out when the price successfully closed below the supportive trend line. While the price continues to sustain the break below this trend line,w e expect nothing but a possible momentum to the lower side. As it is now, we are waiting for a sustained move below the supportive trend line to pick a long term sell order. Or a bounce from the same trend line to pick a long term buy order. The anticipated bullish price rally is the continuation of the impulsive wave (D) but should not go beyond 1.10550.
Trade Recommendations:
Buy a break above the immediate trend line.
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.
