We're long towards 0.7235. | 17 July 2018

Wave Analysis

During the previous trading day, the corrective three wave cycle unfolded significantly to the upper side but is still below the 4 hour resistance level 0.5414. Today and in the next few days, we expect a possible extension of the impulsive wave (a) to the upper side but may not break above 0.5414. If you're not already in along position, you could wait for a break above 0.5414 to buy this pair, or a slight pullback to the lower side to pick a low risk buy position with the first take profit at 0.5414 and the next at 0.7235.

Trade Recommendations:

We're long towards 0.7235.

101% Double the volume

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.