On Friday the previous trading week, the corrective wave (b) extended higher but could not hit the highs of 1.12859. During this intraday, we still expect a possible extension of this correction to the upper side but should not extend above the end of the impulsive wave (v). Although this upward rally is highly anticipated if a bearish candle can show up below 1.12859, then this could mark a possible end of this correction and could push the price to the lower side. Expect a similar wave count in EURHKD, GBUSD, AUDUSD and NZDUSD. These pairs have a strong positive correlation of up to +85% and will move in the same direction during this intraday.
Trade Recommendations:
wait for minor corrections towards 1.12859 to short the impulsive wave (c) with an ideal target at 1.08649
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 