16 August 2018, EUR/USD
Wave Analysis
During the previous trading day, Euro dropped but is currently correcting itself to the upperside, We're basically waiting for a break above 1.1516 to pick a long term long position with an ultimate target at 1.2415. With this long position, you could take your profits at 1.1845 , and then take the next profits at 1.2495. This view can only be invalidated in case the price rebound from 1.1516, if this is the case, then this will be a good place to look for a long term short position with an ultimate target at 1.1440.;
Trade Recommendation
On the sidelines
101% Double the volume
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