we're long towards 1.1795 | 21 Agustus 2018
21 Agustus 2018, EUR/USD
Wave Analysis
Since the beginning of this week, we've seen a correction of the previous five wave cycle and we're still expecting further correction to the upper side. We expect the rise above 1.1513 to have been the unfolding of a correcting three wave cycle and should break above 1.1665 but should not go above 1.1795. You could still trade this correction but only after a slight pullback towards the just broken line 1.1513. This vie can only be invalidated in case the price breaks below 1.1513, and even then, we'll wait for a break below 1.1340.
Trade Recommendation:
we're long towards 1.1795
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.
