wait | 02 May 2018

Wave Analysis

During the previous trading day, the impulsive wave c ended a bit earlier than expected and could not beyond the end of the first impulsive wave a, this is a clear sign that the buyers are taking control, and if the price can break above 0.8145, then this will be a good place to pick a long position with an ultimate target at 1.0557. But should the price breaks below the 0.7560 handle, then we expect a possible momentum to the lower side with an ultimate target at 0.7050. If you're a bit skeptic to sell now, you could wait for a break below 0.7560.

Trade Recommendation:

Wait

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.