Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wave (i) going to end
2019-11-11 • Updated
Wave (i) is going to end soon. So, if a pullback from 7/8 MM Level happens, there’ll be time for an upward correction. In this case, we should keep an eye on 8/8 MM Level as an intraday target.
As we can see on the one-hour chart, there’s a possible diagonal triangle in wave v of (i). So, bears are likely going to test 2/8 MM Level, which could be a departure point for wave (ii).
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