Ready for decline | 02 Agustus 2016
02 Agustus 2016, EUR/USD
Bearish frame remains relevant. The previous trading day, the pair had been correcting. Perhaps, this way the pair is gradually preparing for a move down. Whatever it is, correction in the form of a plane wave [iv] seems to be fully formed, so the bearish scenario has all chances. Anticipating an impulse drop, I opened a Sell trade with stop loss not set yet, but I will exit on update of High.
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.
