Correction | 19 July 2018

Wave Analysis

During the previous trading day, the impulsive wave (a) corrected itself to the lower side but is still pretty much bullish both on the daily and the weekly charts. Today and in the next few days, we expect a possible rally further to the upper side and should break above the upper trend line. The anticipated bullish price rally is the continuation of the impulsive wave (a) and should break above the upper trend line. If you're a bit skeptic to long this pair now, you could wait for a breakout above this trend line, then buy the next impulsive wave (a) towards 12733.50.

Trade Recommendations:

We're still 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.