Place a pending sell limit order within the zone 1.1594-1.1465 with your take profit at 1.0461. | 07 Enero 2019
07 Enero 2019, EUR/USD
Wave Analysis
According to the weekly chart above, we have the Columns of MACD being below 0.00 and the price being below a key support zone 1.1594-1.1465. As long as the price is below this zone and the Bars of MACD below 0.00, we expect a possible steep decline towards 1.1135 and should head even lower. You could place a pending sell limit order within the zone said above, then have your stoploss above 1.1790 and take profit at 1.0481. The anticipated bearish price rally is the continuation of the impulsive wave v and should first break below 1.1135.
Trade Recommendations:
Place a pending sell limit order within the zone 1.1594-1.1465 with your take profit at 1.0461.
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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.
