Wait. | 27 April 2022

27 April 2022, EUR/USD

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Wave Analysis:

The Euro is currently trading in a cotracting wedge formation,the price is on a downtrend.During the previous trading days,the price bounced off from the upper trendline at the corrective wave cycle four towards the lower trendline in continuation of the impulsive wave cycle five.As at now the price is on the lower trendline,I expect it to break below the lower trendline and continue much lower.If you are looking at this pair right now,wait for the price to break below the lower trendline then pick a long term sell position.

Trade Recomendations:

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Bob Stan
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