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Waitiing for a sell from 1.11825.

Waitiing for a sell from 1.11825. | 05 Noviembre 2019

05 Noviembre 2019, EUR/USD

Wave Analysis

Instead of continuing to the upperside, we saw a correction of the impulsive wave (3) to the lowerside but there are still chances we could still be continuing to the upperside. Following the minor retracement seen during the previous trading day, w're expecting a possible momentum to the upperside and should breakout above 1.11825, if price breaks above this level, then we will expect the continuation of the impulsive wave (3) to the upperside and should continue towards 1.125. But should price break below 1.10700, then we're expecting a sell.

Trade Recommendations:

Waiting for a possible sell from 1.11825. Or a break above to pick a buy

Bob Stan
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