Impulse looks finished, get ready to buy | 30 Mei 2016
30 Mei 2016, EUR/USD
The price had continued to decline and updated the local Low. Thus it has probably completed development of impulse formed as the wave i. However, do not go to Long immediately, since it is not clear whether the momentum will end today or movement will last for a while.
Therefore, in this situation we should wait for the first signs of reversal and then try to open a position to Buy.
Stop Loss shall be put on the new price Low.
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.
