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Look for low risk buy orders towards the upper trendline.

Look for low risk buy orders towards the upper trendline. | 24 September 2019

24 September 2019, EUR/USD

Look for low risk buy orders towards the upper trendline.

Wave Analysis

After the drastic decline seen since last week, We expect the recent bounce from the lower trendline to have marked an end to the impulsive wave (c) that the current bullish price rally is the continuation of the corrective wave (d) to the upperside and should not breakout above the upper trendline. As shown above, In case of a bounce from the upper trendline, than that will be a good place to sell the last impulsive wave (E) and should continue towards the lower trendlne and may breakout even lower.

Trade Recommendations:

Look for low risk buy orders towards the upper trendline.

TRADE METALS WITHOUT SWAPS!
Bob Stan
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