Forex news.
The beginning of the week is accompanied by a retrospect, as for the past 14 days there has been a steady h4 wave level bullish trend of EURUSD currency pair at FOREX market. Another trading day is starting with a movement against the mid-term trend at lower timeframes.
Timeframe m15 shows formation of wave "А" of corresponding down level. Sooner or later it will be over, at which point the main line of AO Zotik index will cross the line of support/resistance, and the blue line of WPR VSmark will leave the lower extreme zone. At the same time m15 point of reversal is going to be formed and rise until the point of passing the sloping channel; this will signal about the rise of correctional wave “B”. The correction will be followed by profit-making wave "С",
According to the specialists of the System of Early Prediction Sub-department within Masterforex-V Trading Academy, it is of major importance to maintain the impulse nature of wave "А" and the entire predicted "АBC" structure in the course of the process. The possibility to predict the emergence of bearish trend of upper wave level depends on this.
