we're short temporarily | 20 September 2018

20 September 2018, EUR/USD

we're short temporarily

Wave Analysis

Instead of rallying to the upper side during the previous trading day, euro pulled back slightly to the upper side but ended up closing just a few pips above its opening price. The previous day's candle is a possible bearish p[in bar candle and as long as the price remains below the previous day's closing price, we expect nothing but a possible momentum to the lower side with an ideal take profit at 1.15682. If this target is broken, then further momentum with an ultimate target at 1.12640. A break above 1.17 will attract a long position.

Trade Recommendations:

we're temporarily short

101% Double the volume

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Bob Stan
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