Bullish continuation candle on the daily chart | 23 Maio 2017

23 Maio 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

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Entrar
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.
manager photo manager photo
Online-support
Ficamos satisfeitos em responder quaisquer perguntas que você possa ter

Escrever

Get bonus