EURUSD
D1 – The price has broken the trend line, which may indicate a potential downward movement, for this it is better to wait for a correction for confirmation and a three-wave structure to consider selling.
H4 – The price may continue to fall, we should also expect a correction when the trend line is broken, the target for the correction is 1.09615. The risks should also not increase for a corrective movement.
What can you expect?
You can consider entry from the level ~1.08759 – 1.08943 with further movement to the target 1.10026. Cancel the idea so as not to take increased risk at the idea levels beyond the end of the 2nd wave - 1.08495 or 1st wave - 1.08279.
Long
Targets 1.09080 – 1.09357 – 1.09615 – 1.10026
D1 – The price has broken the trend line, which may indicate a potential downward movement, for this it is better to wait for a correction for confirmation and a three-wave structure to consider selling.
H4 – The price may continue to fall, we should also expect a correction when the trend line is broken, the target for the correction is 1.09615. The risks should also not increase for a corrective movement.
What can you expect?
You can consider entry from the level ~1.08759 – 1.08943 with further movement to the target 1.10026. Cancel the idea so as not to take increased risk at the idea levels beyond the end of the 2nd wave - 1.08495 or 1st wave - 1.08279.
Long
Targets 1.09080 – 1.09357 – 1.09615 – 1.10026
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.