we're short temporarily | 20 Septiembre 2018

20 Septiembre 2018, EUR/USD

we're short temporarily

Wave Analysis

Instead of rallying to the upper side during the previous trading day, euro pulled back slightly to the upper side but ended up closing just a few pips above its opening price. The previous day's candle is a possible bearish p[in bar candle and as long as the price remains below the previous day's closing price, we expect nothing but a possible momentum to the lower side with an ideal take profit at 1.15682. If this target is broken, then further momentum with an ultimate target at 1.12640. A break above 1.17 will attract a long position.

Trade Recommendations:

we're temporarily short

101% Double the volume

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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
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