Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears going to deliver impulse wave
2019-11-11 • Updated
There’s a possible flat pattern in wave (ii). Also, we’ve got a bullish zigzag in wave 2. In this case, bears are likely going to deliver another downward impulse in wave (iii).
As we can see on the one-hour chart, there’s a diagonal triangle in wave c of (ii). At the same time, we’ve got a bearish impulse in wave i. Therefore, there’s an opportunity to have another downward impulse in wave iii of (iii).
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