empty
 
 
13.06.2019 03:50 AM
Trading plan for EURUSD for June 13, 2019

This image is no longer relevant

Technical outlook:

We have presented the daily chart for EURUSD again to have a bigger picture. There are 4 reasons to believe that EURUSD might continue to drop lower. First, the wave counts suggest that EURUSD might have terminated into Wave 4 of an ending diagonal at 1.1347 levels. The 5th wave could resume lower. Secondly, the bears reacted right around its resistance trend line, which also suggests that the next move could be lower. Thirdly, Fibonacci 0.618 confluence of Wave 3, was also seen around the same zone as 1.1347 levels, which was expected to produce a bearish reaction. Fourth, a bearish evening star candlestick pattern has been produced on the daily chart, which indicates a potential turn lower. To sum up, we would await the bearish potential and remain short against 1.1350 levels for now. If prices fail to penetrate below 1.1200 levels, we shall reevaluate. Keep booking small profit though.

Trading plan:

Remain short, stop above 1.1350 levels, target is lower.

Good luck!

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 $5000 más!
    ¡En Noviembre, sorteamos $5000 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