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EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Jan 11, 2019

American Express Co.: wave analysis 11 January 2019, 08:39

Timeframe Weekly
Recommendation SELL
Entry Point 98.21
Take Profit 88.97
Stop Loss 101.19
Key Levels 88.97, 101.19, 108.77, 114.53
Alternative scenario
Recommendation BUY STOP
Entry Point 101.25
Take Profit 108.77, 114.53
Stop Loss 98.75
Key Levels 88.97, 101.19, 108.77, 114.53
The price may decrease.
On the 4-hour chart, the fifth wave of the higher level 5 of (5) of A formed. Now, the first wave of the lower level 1 of (A) of B is forming as a momentum, within which the correction fourth wave iv of 1 is ending. If the assumption is correct, the price will fall to the level of 88.97. In this scenario, critical stop loss level is 101.19.

Main scenario
Short positions will become relevant during the correction, below the level of 101.19 with the target at 88.97. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 101.19 will let the price grow to the levels of 108.77–114.53.

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