Correction is nearing its end, it's time to sell | 12 مايو 2016

12 مايو 2016, EUR/USD

By now, corrective growth can be over.Based on this assumption, I've made an attempt to sell with a stop loss being put just above the local High.

In the future I expect a notable impulse decline within the framework of the third impulse wave. Although I do not exclude that in the future we can expect continuation of this correction; that is why I have put such a high stop loss.


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.
Vasiliy Lukin
محلل شركة FreshForex
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