We're long | 18 July 2018

Wave Analysis

During the previous trading day, the impulsive wave (a) extended slightly to the upperside and is still pretty much bullish both on the 4 hour and daily charts, we expect this impulsive wave (a) to break above 0.5414 but should not go beyond 0.7010. If you're not in a long position, you could wait for a break above 0.5414, then a correction before you pick a low risk long position towards 0.7010. This view can only be invalidated in case the price breaks below 0.4479, and even then, we'll wait for a confirmation that the price will continue downwards.

Trade Recommendations:

We're long

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.