Sell a break below 0.5197 | 28 March 2018

Wave Analysis:

During the previous trading day, the impulsive wave (5) extended significantly to the lower side and is still pretty much bearish both on the daily and the weekly charts. Today and in the next few days, we expect a possible extension of the impulsive wave (5) to the lower side and should break below 0.5197 towards last year's lowest low 0.23. According to the hourly chart attached, only short positions looks more ideal and can be recommended. However, if the price can breack above 0.6976-0.7245, then this will be a good place to pick a long position.

Trade Recommendations:

Sell a break below 0.5197 towards 0.23

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.