Correctional decline | 09 March 2016
09 March 2016, EUR/USD
The considered pair began a corrective decline which probably is represented by the second wave of the emerging upward impulse.
Decline can be quite deep and in this case the price will decrease by more than 50 percent from the previous growth.
Thus, it is likely that my trade will be stopped by the break-even stop loss, but it does not make sense to carry it to other day.
In this case, after the completion of this corrective decline, I will open a new Buy trade.
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.
