Wave Analysis
Last week on Friday, we saw a rapid decline which saw the price break and close below 23.6% fib level. Today and in the next few days, we are looking forwards to further bearish momentum which should see the impulsive wave (c) break and close below the lower trendline. The idea is not to look for a sell now, rather, wait for a pullback towards 1.17192 to pick a low risk sell position with an ideal target set along the lower trendline. If the price breaks and closes above 1.17192, then we will be looking for long positions.
Trade Recommendations:
Remain short with the impusive wave (c) towards the lower trendline.
Origin: FreshForex
