Possible head and shoulder formation | 12 9月 2016

12 9月 2016, EUR/USD

Possible head and shoulder formation
Wave Analysis:
This pair is in a process of Head and shoulders formation. The current corrective move to the upper side is the formation of the next shoulder and should not go beyond the resistance level 1.1252. Instead of going short immediately, we wait for a clear rebound from 1.1252 to give us low risk sell opportunities. The anticipated downward rally should be the completion of the impulsive wave (c) and should not go beyond 1.1152. Expect a similar impulsive wave in the other positively correlated pair such as AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

Trade Recommendations:

We are short from 1.1252 with an ideal target at 1.1152

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.