Wave Analysis
During the previous trading week, the weekly bar was a perfect bearish pin bar. And as we can see on the 4 hour chart, this pair traded intensely to the lower side and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1.30375, we expect nothing but a possible momentum to the lower side . The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.28570 but should not go below 1.27670..
Trade Recommendations:
we’re short
Origin: FreshForex
