Hi traders,
Last week we said this pair will fall a little more to complete the correction and after that it will make the last impulse leg up (wave 5). It came to the former demand area and reversed immediately to make a correction.
Did you catch the move and made some profit?
After the correction it started to make the last impulse leg down to complete the correction.
So this week you can look for short term sells to the fib extension 1.272. After that this pair is ready to move up again.
But watch out because it is possible that the bigger correction is finished and this pair is moving up already to make the last bigger wave 5.
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 this pair will fall a little more to complete the correction and after that it will make the last impulse leg up (wave 5). It came to the former demand area and reversed immediately to make a correction.
Did you catch the move and made some profit?
After the correction it started to make the last impulse leg down to complete the correction.
So this week you can look for short term sells to the fib extension 1.272. After that this pair is ready to move up again.
But watch out because it is possible that the bigger correction is finished and this pair is moving up already to make the last bigger wave 5.
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