Wait. | 09 May 2022
09 May 2022, EUR/USD
Wave Analysis:
This pair is currently trading in an expanding wedge formation,the price has been rallying along the lower trendline for quite sometime.Recently the price rebounded from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four.The price then bouced back to the lower side in continuation of the impulsive wave cycle five.As at now, the price is rallying within the lower trendline,I expect a break below. If you are looking at this pair right now,wait for the price to break below the lower trendline clearly then pick a sell position.
Wave Analysis:
Wait.
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.
