Remain long | 03 Noviembre 2016

03 Noviembre 2016, EUR/USD

Remain long

Wave Analysis

Yesterday, the impulsive wave (5) traded long as anticipated and is still pretty much bullish on the daily chart. During this intraday, we expect a possible bullish wave count towards $1.1144 or even higher. Any clear rebound from the level $1.1144 will call for a bearish corrective three wave cycle towards 1.1055 or even lower. We hope to trade this pair alongside GBP/USD and EUR/AUD. These pairs have a strong positive correlation of up +89% and will have a similar price action during this intraday. Only buy or sell Eur/usd if GBP/USD and EUR/AUD is giving the same signal.

Trade Recommendations:

Remain long with an ideal target at $1.1144. Sell positions are only recommended upon a clear rebound from $1.1144 with an ideal target 1.0990.

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.