Be careful wait for a small correction and sell again on EURUSD.
Hi traders,
Last week we said that wave 5 was an ending diagonal and we were expecting a larger correction now. This is exactly what happened and price moved 130 pips lower. Give us a like if you want more of this analysis.
For this week we think EUR will give a retracement and after that it will move lower. Price is now at a demand level, so we wait for the correction untill fibs 50.0-61.8 and after that we sell again for the last wave 5 of the bigger wave A.
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 we said that wave 5 was an ending diagonal and we were expecting a larger correction now. This is exactly what happened and price moved 130 pips lower. Give us a like if you want more of this analysis.
For this week we think EUR will give a retracement and after that it will move lower. Price is now at a demand level, so we wait for the correction untill fibs 50.0-61.8 and after that we sell again for the last wave 5 of the bigger wave A.
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