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Wait for a clear buy signal

Wait for a clear buy signal | 13 August 2018

13 August 2018, EUR/USD

Wait for a clear buy signal

Wave Analysis During the previous trading week, Euro traded massively to the lower side and even hit a weekly support zone 1.14595-1.14067. This is a demand zone and a good buy place but instead of looking for a long position now, we’re waiting for sign that the bears are exhausted to pick a buy position. O the chart above, we're likely to witness a scenario where the price attempts a break below the same level, before eventually rising back upwards. You could technical wait for this false breakout before buying Trade Recommendations: Wait for a clear buy signal

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Bob Stan
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