Theme images by MichaelJay. Powered by Blogger.

EUR/USD: general analysis 16 August 2019, 14:11

EUR/USD: general analysis 16 August 2019, 14:11 Scenario Timeframe Weekly Recommendation SELL Entry Point 1.1076 Tak...

Feb 12, 2019

USD/CAD: wave analysis 12 February 2019, 08:32


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 1.3291
Take Profit 1.3196, 1.3166
Stop Loss 1.3327
Key Levels 1.3166, 1.3196, 1.3327, 1.3661
Alternative scenario
Recommendation BUY STOP
Entry Point 1.3330
Take Profit 1.3661
Stop Loss 1.3220
Key Levels 1.3166, 1.3196, 1.3327, 1.3661
The pair is in a correction, the fall is possible.
On the 4-hour chart, the third wave of the higher level 3 develops, within which the wave ii of 3 ended. Now the entry wave of the lower level (i) of iii of 3 has formed, and a local correction is developing as the wave (ii) of iii. If the assumption is correct, in the short term, the pair will fall to the levels of 1.3196–1.3166. In this scenario, critical stop loss level is 1.3327.


Main scenario
Short positions will become relevant below the level of 1.3327 with the targets at 1.3196–1.3166. Implementation period: 3–5 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 1.3327 will let the pair grow to the level of 1.3661.

No comments:
Write comments


If you are interested or have any questions - Contact us!