Condiciones de negociación
Products
Herramientas
Major economic news is not scheduled for today. Therefore, we should not expect drastic changes in the market.
EUR/USD, H4 timeframe:
Just like the previous trading week, the formation of the middle part of a large correctional trend can be seen. It is highly possible that a triple zigzag is being built, within which sub-wave Y is formed.
Sub-wave Y can take the form of a simple zigzag [A]-[B]-[C]. The first two parts of this simple zigzag are already done. Since the first half of September 2021, there was a decline in prices in the final downward wave [C].
Wave [C], particularly its initial part, hints at a simple five-wave impulse (1)-(2)-(3)-(4)-(5). The impulse sub-wave 3 is now forming within the framework of this impulse.
As part of impulse 3, completed sub-waves 1-2-3-4 and the first two parts of the last fifth sub-wave can be observed.
It is likely that market participants will see the price decline in sub-waves [3]-[4]-[5], towards the level of 1.1106 in the coming trading days, as shown in the chart.
Currently, one can consider opening sell deals in order to take profit at a specified level.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.