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EUR/USD: general analysis 18 January 2019, 13:42

EUR/USD: general analysis 18 January 2019, 13:42 Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 1.1420 ...

Dec 7, 2018

USD/JPY: wave analysis 07 December 2018, 08:37


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 112.84
Take Profit 111.35
Stop Loss 113.83
Key Levels 111.35, 113.83, 115.50
Alternative scenario
Recommendation BUY STOP
Entry Point 113.90
Take Profit 115.50
Stop Loss 113.30
Key Levels 111.35, 113.83, 115.50
The pair may fall.
On the 4-hour chart, a local downward correction of the higher level develops as the wave 2 of (C). Now the wave c of 2 is forming, within which the third wave of the lower level (iii) of c is developing. If the assumption is correct, the pair will fall to the level of 111.35. In this scenario, critical stop loss level is 113.83.


Main scenario
Short positions will become relevant during the correction, below the level of 113.83 with the target at 111.35. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 113.83 will let the pair grow to the level of 115.50.

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