empty
 
 
06.06.2018 10:41 PM
Wave analysis of EUR / USD for June 6. Alternative for the development of events

This image is no longer relevant

Analysis of wave counting:

During the trades on Tuesday, the currency pair EUR / USD, adding about 30 percentage points, continued attempts to form the first waves of the new upward trend section as part of the future wave 3. At the same time, an alternative variant appeared, providing for the complication of wave 5, c, 2. An unsuccessful attempt to break the 50.0% Fibonacci mark by the size of wave 5 can push the quotes down. In this case, the current wave 5 can be considered as wave 1, 5, c, 2, and the pair can resume the construction of the downtrend section of the trend and further complicate the wave 2. In any case, in the region between the levels of 1.1752 and 1.1835, I expect the completion of an upward wave.

The objectives for the option with sales:

1.1542 - 261.8% of Fibonacci

1.1438 - 323.6% of Fibonacci

The objectives for the option with purchases:

1.1752 - 50.0% of Fibonacci

1.1809 - 61.8% of Fibonacci

1.1835 - 200.0% of the Fibonacci of the highest order

General conclusions and trading recommendations:

The EUR / USD currency pair continues to build the proposed wave 1, 1. On this basis, it is recommended to continue the cautious formation of purchases with targets located between the levels of 1.1752 and 1.1835, which equates to 50.0% and 200.0% of Fibonacci. I recommend returning to sales after the confirmation of the complication of wave 5, c, 2. A failed attempt to break the mark of 1.1752 may be the first signal about the tool's readiness to decline.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback