Waiting at 1.1390 with Limit orders prepared | 04 June 2015
04 June 2015, EUR/USD
Daily chart: The price has closely approached to O&U (1.1390), from where we are waitig for a new downward wave in the middle run.
.png "Waiting at 1.1390 with Limit orders prepared")
Н4: situation is similar here, wait when area 1.1390 is touched.
.png "Waiting at 1.1390 with Limit orders prepared")
Н1: signs of coming reversal - divergency, oversoldness, weak ADX.
.png "Waiting at 1.1390 with Limit orders prepared")
Expectations: price will hit 1.1390 and start decline with first targets in area 1.1150.
Trading decisions:
1) Waiting at 1.1390 with Limit sale order in the area 1.1390 with middle-term goald at 1.08. This week we can take profit in the area 1.1150.
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.
