Wait. | 12 May 2022
12 May 2022, EUR/USD
Wave Analysis:
This pair has been trading within the upper and the lower trendline for a while now,during the previous trading days,the price bounced off from the upper trendline at the corrective wave cycle four,towards the lower side in continuation of the impulsive wave cycle five.Right now the price is rallying around the lower trendline,I expect a further momentum towards the lower side.If you are looking at this chart now,wait for a clear break below the lower trendline then pick a sell position.
Trade Recommendation:
Wait.
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.
