See also
24.08.2021 12:45 PMEUR/USD, H4 time frame:
Let's continue to analyze the situation of the EUR/USD pair.
From a global point of view, the final part of the bullish five-wave impulse is formed at the higher wave level. It is very possible that the market has completed forming the horizontal correction wave 4, which took the form of a wave plane [A]-[B]-[C].
At a lower wave level, we saw a price reversal and the beginning of its growth immediately after the end of the impulse price decline in the sub-wave [C]. That is, there was a formation of the initial part of a new bullish wave in the last section of the chart.
The nearest target is located at the level of 1.1806, where a small correction 4 completed its development.
Trading recommendations:
Currently, it is possible to consider the opening buy deals with the aim of taking at the level of 1.1806.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
