Resell a bounce from the upper trendline | 01 اكتوبر 2020

01 اكتوبر 2020, EUR/USD

Sell a bounce from the upper trendline towards 50.0% fib level.

Wave Analysis

Yesterday, we expected a possible rally towards the upper trendline, however, the price barely touched the upper trendline and is currently edging towards the sellers side. We're still expecting a possible rally to the upperside where we'll be reselling the last impulsive wave (c) to the lowerside with an ultimate target set around 38.2% fib level and could breakout much lower. If the price breaks and closes above the upper trendline then we will be looking for a possible long term buy position towards 1.19930.

Trade Recommendations:

Resell a bounce from the upper trendline


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.
Bob Stan
Close
الدخول