Wave Analysis
Since the beginning of this week, we’ve seen a correction of the previous five wave cycle and we’re still expecting further correction to the upper side. We expect the rise above 1.1513 to have been the unfolding of a correcting three wave cycle and should break above 1.1665 but should not go above 1.1795. You could still trade this correction but only after a slight pullback towards the just broken line 1.1513. This vie can only be invalidated in case the price breaks below 1.1513, and even then, we’ll wait for a break below 1.1340.
Trade Recommendation:
we’re long towards 1.1795
Источник: FreshForex
