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Bullish continuation candle on the daily chart

Bullish continuation candle on the daily chart | 23 May 2017

23 May 2017, EUR/USD

Bullish continuation candle on the daily chart
Wave Analysis:
Yesterday, euro opened at 1.1204, went as low as 1.1161 and as high as but ended up closing at 1.1230 just a few pips above its opening price. The previous day's candle is a perfect bullish continuation candle and as long as the price remains above 1.1198, we expect possible break above 1.1260 and most importantly a breakout above 1.1298 to confirm the continuation of the impulsive wave (iii) to the upper side but should not go beyond 1.1718. Expect a similar wave count in EURHKD, and GBPUSD. These pairs will have a similar price action during this intraday.
Trade Recommendations:

Expect a possible bullish price movements towards 1.1718

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Bob Stan
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