MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Trading plan for EURUSD for August 19, 2019

analytics5d5a30dda588d.jpg

Technical outlook:

The outlook for the EUR/USD pair remains bearish against 1.1240 for now. Looking at the wave counts since 1.1240, 3 waves seem to be complete. A slight pullback/retracement into wave 4 of the same degree is possible (prices close to 1.1120) before dropping lower again. As an alternate count, a push above 1.1180 would indicate that an interim low is in place in the short-term and that prices could rally beyond 1.1240 before resuming its drop. For all short positions taken around 1.1150/60 last week, a short-term profit can be taken at current levels or stop can be moved to 1.1180 reducing risk. A safe trading strategy still remains selling on rallies until a short-term impulse rally is seen taking out immediate resistance at 1.1240. Bears are expected to remain in control at least for now.

Trading plan:

Remain short from 1.1150/60 and move risk to 1.1180. OR Book short term profits and sell again around 1.1120 with stop at 1.1180 and target below 1.1020

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com