LFTW Signal – EURUSD Wave analysis and forecast for 21.07 – 28.07

Wave analysis and forecast for 21.07 – 28.07: Uptrend continues.

Estimated pivot point is at the level of 1.1470.

Analysis: Presumably, on the four-hour timeframe the formation of the uptrend continues as third wave of the senior level 3. At the moment, it seems that the fifth wave v of 3 of the junior level is being formed, within which the correction (iii) is being developed. If this assumption is correct, the pair may continue to rise up to the levels of 1.1750 – 1.1850. Critical level for this scenario is 1.1370.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.1470 may trigger further decline in the pair to 1.1370.

Our opinion: Buy the pair from correction above the level of 1.1470 with the target of 1.1750 – 1.1850.

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously

Categories: Free Forex Signals

Tags: ,

Do NOT follow this link or you will be banned from the site!