Wait | 01 Maret 2018

wave Analysis:

The Correction wave (4) continues to extend to the lower side but still above 1.2184. Today and in the next few days we expect a possible extension of this correction to the lower side but should not go beyond the end of the first impulsive wave (1) seen at 1.2020. If this correction should come to an end around 1.2184, then we'll be looking to buy the impulsive (5) to the upper side and may break above 1.2665 towards 1.30. This pair should be traded alongside EURHKD, EURAUD, EURCHF and GBPUSD. These pairs have a strong positive correlation and will move in the same directions.

Trade Recommendations:

Waiting to rebuy the last impulsive towards 1.30