Sell a bounce from the upper trendline towards 50.0% fib level. | 30 Septiembre 2020

30 Septiembre 2020, EUR/USD

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

Wave Analysis

Just as previously expected, Euro continues to correct itself to the upperside and is still pretty much bullish both on the daily and on the 4 hours chart. As it is now, we expect further correction to the upperside and should bounce off from the upper trendline. The idea is to wait for a bounce from the upper trendline to pick a low risk sell position with an ultimate target set around 38.2% fib level and the next level at 50.0% fib level. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside towards 50.0% fib level.

Trade Recommendations:

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

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus