Hi traders,
Last week's analysis was correct again and we hope that you've made some profit out of it. This week we will look for a small correction on a lower timeframe and then we will buy again.
We think EURUSD completed wave 4 and made the first smaller impulse leg of wave 5. After that it made a small correction so this could be wave 2 and now we will go for wave 3.
But the correction wave 2 was very small so there is a possibility that it will make a last leg down to the demand area to grab some liquidity and then go up for wave 3 of 5. Let price action decide what you do and only trade what you see.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
Last week's analysis was correct again and we hope that you've made some profit out of it. This week we will look for a small correction on a lower timeframe and then we will buy again.
We think EURUSD completed wave 4 and made the first smaller impulse leg of wave 5. After that it made a small correction so this could be wave 2 and now we will go for wave 3.
But the correction wave 2 was very small so there is a possibility that it will make a last leg down to the demand area to grab some liquidity and then go up for wave 3 of 5. Let price action decide what you do and only trade what you see.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading