Maradok 
Kereskedési feltételek
Products
Eszkozok
EUR/USD, H1 time frame:
It can be seen that the EUR/USD pair is forming the final wave (Y) on the last part of the hourly time frame, which is part of a large triple zigzag. It is worth noting that wave (Y) consists of three main sub-waves A-B-C.
The sub-waves A and C are impulses, while sub-wave B is a correction, which is an ascending double zigzag. The first two parts of this zigzag appear to be fully done. In turn, the last impulsive wave C is still being formed. Its fifth part is a sub-wave [5].
Now, let's consider the details of the wave [5] structure. It is marked in blue under the waves (1)-(2)-(3)-(4)-(5). The momentum (1) and the zigzag correction (2) look complete, so the continuation of the decline in the sub-waves is possible ahead (3)-(4)-(5), as shown in the graph.
The price may decline to the level of 1.1688, where the values of impulses A and C will be equal. There is a high probability of reaching this level. Thus, we have time to open sell positions in order to take profit at the end of the corrective movement.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
