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Chances to get 5th wave of the wedge

Chances to get 5th wave of the wedge | 15 August 2016

15 August 2016, EUR/USD

Euro is trying to consolidate, but bears, in their turn, restrained the attack at least once. In the end, one of the parties will get bored and the price will make a strong movement. The situation tends to be bearish. In addition, the wave frame still has a chance to get the diagonal triangle, which lacks the final wave [v]. Therefore, expectations for this pair remain bearish, and I have re-opened a Sell trade.

Chances to get 5th wave of the wedge

Vasiliy Lukin
FreshForex Analyst
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