empty
 
 
22.10.2018 10:57 AM
Simplified Wave Analysis. Review of EUR / USD pair for the week of October 22

Wave pattern on the H4 chart:

On August 15, a new ascending section of the chart began. Its high wave level indicates a continuation of the trend with a transition to a larger scale of movement.

Wave pattern on the H1 chart:

As part of a larger wave of the hourly scale from September 21, a downward correction is formed (B).

This image is no longer relevant

Wave pattern on the M15 chart:

The direction of the intraday trends is due to the rising wave of October 9. To date, the first two parts of the wave ( A-C) are fully formed.

This image is no longer relevant

Recommended trading strategy:

Signals for investment in the instrument are not formed. It is necessary to wait for the completion of the entire descending wave. Short-term purchases with a reduced lot are possible within the intraday.

Resistance zones:

- 1.1600 / 1.1650

Support areas:

- 1.1460 / 1.1410

Explanations of the figures:

A simplified wave analysis uses a simple waveform, in the form of a 3-part zigzag (A-B-C). Three main timeframes are used for the analysis. The last incomplete wave for every timeframe is analyzed. Zones show the calculated areas with the greatest probability of a reversal.

Arrows indicate the counting of wave according to the technique used by the author. The solid background shows the generated structure and the dotted exhibits the expected wave motion.

Note: The wave algorithm does not take into account the duration of the tool movements in time. To conduct a trade transaction, you need to confirm the signals used by your trading systems.

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 $9000 más!
    ¡En Mayo, sorteamos $9000 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