Waiting for a break below 1.05196 | 11 tháng Giêng 2017

11 tháng Giêng 2017, EUR/USD

Waiting for a break below 1.05196

Wave Analysis:

As previously forecasted, the double top formation held true but is yet to near it's completion. We still expect further bearish momentum during this intraday but only after a clear breakout below 1.05196. Thus, instead of going short immediately, we choose to remain on the sidelines and only sell below 1.05196. Ideally, a break below this level will mark the continuation of the double top formation but should not go beyond 1.03827. Expect a similar wave count in GBPUSD, AUDUSD, and NZDUSD. These pairs have a strong positive correlation of up to +86% and will have a similar price action during this intraday. Only buy or sell Euro if the other pairs are giving the same signal.

Trade Recommendations:

Wait for a clear breakout below 1.05196 to go short with an ideal target at 1.03896. Buy positions may only be recommended upon a clear rebound above 1.05405. Alternatively, you could wait and buy above 1.06122.

Bob Stan
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .