We're buyers | 20 July 2018

Wave Analysis

Perfectly as previously forecasted, the impulsive wave (a) extended slightly to the upperside and is still pretty much bullish both on the daily and the weekly charts. We expect an extension of the impulsive wave (a) to extend to the upperside and should break above the upper trendline. If you're a bit skeptic to long this pair now, you could wait for a break beyond this trendline to buy the next impulsive wave (c) to the upperside and should break above 9866.95 and should extend beyond 12733.80.

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.