The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
EUR/USD just completed a leading diagonal at 1.1185 and we should now see a corrective dip to 1.0950 before the next impulsive rally higher. Leading diagonals is the only impulsive five wave move that's consider to be an impulsive wave and it often is only recognized when wave three exceeds the peak of wave one and the reason is that it looks more like an correction than an impulsive. However, the internal sub-waves can help figuring out what we have seen and in this case, we see them as five waves sub-waves adding up to wave 1 and wave 2 will ideally move close to the 61.8% corrective target at 1.0950 before a strong rally in wave 3 is seen through resistance at 1.1495 towards our long-term target at 1.3993.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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