Elliott waves analysis – We are long.


Wave Analysis:

During the previous trading days, the price rebounded from the impulsive wave cycle one towards the upper side at the corrective wave cycle two, where it rallied around the upper trendline before bouncing back to the lower trendline at the impulsive wave cycle three. Right now, the price is on the lower trendline, I expect a rebound towards the corrective wave cycle four, then a bonce back to the lower trendline in continuation of the impulsive wave cycle five. If you are looking at this pair now, pick a buy from 1.0154 towards the upper trendline.

Trade Recommendations:

We are long.

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