still short | 15 Agustus 2018
15 Agustus 2018, EUR/USD
Wave analysis:
The impulsive wave (5) continues to rally to the lower side perfectly as forecasted. Following the break below contracting wedge formation, the bears have dominated this market and chances of continuing even lower are very high. Thus, we highly recommend looking for short order. For risk management purposes, we recommend waiting for a correction towards 1.1560 then picking a low risk sell position with an ultimate target at 1.1021. This view will only be invalidated in case the price breaks above 1.1830, this being the case, we'll expect a rally upwards.
Trade Recommendation
still short
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
