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We're sellers towards the previous day's lowest low.

We're sellers towards the previous day's lowest low. | 08 November 2021

08 November 2021, EUR/USD

We're sellers towards the previous day's lowest low.

Wave Analysis:
Since the opening of today's trading day, nothing much has happened on this pair, we expect nothing but a possible rally the lower side, we expect the pullback which happened few days ago to be the continuation of a corrective wave count but should not go beyond the previous day's highest high. As it is right now, We are looking for low risk sell position towards the previous week's lowest low.
On this chart technically, only sell positions looks ideal and can be recommended.
Trade Recommendations:
We're sellers towards the previous day's lowest low.
Bob Stan
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