Long

EURUSD - Preparation of terminal thrust

Updated

Current scenario seems to be a corrective move , that too in a triangular wave structure before the currency prepare gives a terminal thrust to complete its 1-2-3-4-5 impulsive wave. As of now the price will move up & likely to face resistance near the zone of 1.18500 which will complete the wave - d of the triangular wave. After facing the resistance , the currency pair is likely to take a support near the level of 1.1800 which will form the wave - e .

After the completion of wave - e there will be another impulsive terminal thrust to complete wave (v) of 5 .

Note

The terminal thrust has completed it minimum criteria confirming the TOP in EURUSD. Now the downside journey will begin in the pair EURUSD

Note

however, the final confirmation will be there , when level of 1.1782 will be broken on the downside.

Trade closed: target reached

TradingSutra

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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