EUR/USD. A decline is expected in the fifth wave of the downward impulse. | 19 Noviembre 2024

19 Noviembre 2024, EUR/USD

EUR/USD. A decline is expected in the fifth wave of the downward impulse.

The beginning of the trading week turned out to be boring, sluggish, and uninteresting for trading. Volatility is reduced, which does not allow you to benefit from trading in such a market. It is understandable, because the current situation is very similar to the ongoing development of a correction, which is part of wave 4 of the supposed downward impulse.
In the near future, a slight increase is expected, which will quickly be interrupted, and the price will go down, drawing the final wave 5 of the same bearish impulse, which is part of wave c.
Thus, in this situation, it is necessary to wait for an opportunity to enter sell transactions. It is worth considering closing these positions at the update of the current price minimum, as the subsequent reaction from buyers may lead to the beginning of a prolonged impulse movement.
Investment idea: sell 1.0570, stop loss 1.0590, take profit 1.0450.
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.