empty
 
 
07.06.2021 03:30 PM
Wave analysis for EUR/USD on June 7

EURUSD - H4:

This image is no longer relevant

We continue to consider the situation for the EURUSD currency pair.

After the upward impulse wave 3, which was completed at the beginning of this year, we saw the downward fourth correction wave development. This correction is still being formed today. Judging by the internal structure, it takes the form of a triple zigzag [W]-[X]-[Y]-[X]-[Z].

Most likely, the market recently completed the development of the upward wave of the bond [X], then turned around and began to move in a downward direction, forming the initial part of a new wave. It is possible that impulse 1-2-3-4-5 is being built, where sub-waves 1 and 2 have already been formed, and pulse 3 is under development.

Consider the last section of the graph on H1.

EURUSD - H1:

This image is no longer relevant

After the end of the red impulse 1 and the upward zigzag correction 2, the market began to decline and form a bearish impulse wave 3. We can only notice the first two parts of this wave in the four-hour timeframe – the impulse [1] and the correction [2].

It is assumed that a descending impulse wave [3] is being constructed, which consists of sub-waves (1)-(2)-(3)-(4)-(5). In the near future, the price may fall to the level of 1.2068 in the wave (5).

At this level, the magnitude of the wave [3] will be 161.8% of the impulse wave [1].

In the current situation, you can consider opening short positions to profit at the specified level.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $8000 lebih banyak!
    Pada Maret kami mengundi $8000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback