empty
 
 
25.05.2018 09:36 AM
Wave analysis of EUR / USD pair for May 25 - 5th wave is nearing completion

This image is no longer relevant

Analysis of wave counting:

Yesterday's trading of the EUR/USD pair led to the withdrawal of quotations from the lows reached by 70 p. If the current wave counting is correct, the 5th wave in c, in 2nd, takes the form of a diagonal triangle with the 5th wave, which began its construction. Thus, the targets near the 1.1650 mark can be the final targets for building the entire 5th wave. From this mark, the pair can begin to build an ascending set of waves in the future third wave of the main upward trend section.

Goals for sales:

1.1649 - 200.0% by Fibonacci

1.1636 - 261.8% of the Fibonacci of the highest order

Goals for shopping:

1.1835 - 200.0% of the Fibonacci of the highest order

General conclusions and trading recommendations:

The EUR/USD currency pair continues to build a downward trend section. Thus, I recommend that you remain in sales with targets located near the estimated levels of 1.1649 and 1.1636, which is equivalent to 200.0% and 261.8% of Fibonacci. A breakout on this zone will lead to a further decline of quotations, complicating the wave structure of the descending section of the trend. An unsuccessful attempt to break the 1.1650 mark can warn about the readiness of the instrument to build an upward wave and will be a signal for the beginning of the formation of purchases as part of the development of the future wave.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback