EUR/USD. Impulsive growth is anticipated in the third wave. | 06 5月 2024

06 5月 2024, EUR/USD

EUR/USD. Impulsive growth is anticipated in the third wave.

Buyers are excessively eager to push the price higher, and this haste is causing interference. The overly steep angle of attack leads to overheating, which needs to be corrected, and that's what the market is doing. As soon as the price updated the local maximum, selling pressure hit the euro, significantly pushing the price down.
It's possible that this marks the beginning of an extension in wave 3, with internal waves 1-2 formed. If this is indeed the case, we can expect a renewed onslaught from buyers in the near future, leading to growth in the third wave, roughly as schematically depicted on the provided chart.
In this scenario, buying remains attractive, and the market provides a good opportunity to enter at attractive prices.
Investment idea: Buy at 1.0770, stop loss at 1.0735, take profit at 1.0875.

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus