Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears ready for wave (iii)
2019-11-11 • Updated
We’ve got a flat pattern in wave (ii). Also, there’s a bearish impulse in wave (i). Therefore, bears are likely going to deliver an impulse in wave (iii) in the short term. The main intraday target is -2/8 MM Level.
There’s a diagonal triangle in wave c of (ii), which led to form a wedge in wave i of (iii). Wave ii is likely going to end in the coming hours. So, if a pullback from 7/8 MM Level happens, there’ll be time for wave iii of (iii).
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