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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...

Mar 13, 2019

USD/CAD: wave analysis 13 March 2019, 08:29

Timeframe Weekly
Recommendation BUY
Entry Point 1.3362
Take Profit 1.3661
Stop Loss 1.3298
Key Levels 1.2963, 1.3129, 1.3298, 1.3661
Alternative scenario
Recommendation SELL STOP
Entry Point 1.3290
Take Profit 1.3129, 1.2963
Stop Loss 1.3350
Key Levels 1.2963, 1.3129, 1.3298, 1.3661
The pair may grow.
On the 4-hour chart, a correction of the higher level formed as the second wave ii of 3, and the development of the wave iii of 3 began. Now the third wave of the lower level (iii) of iii is forming, within which the local correction iv of (iii) is ending. If the assumption is correct, the pair will grow to the level of 1.3661. In this scenario, critical stop loss level is 1.3298.

Main scenario
Long positions will become relevant during the correction, above the level of 1.3298 with the target at 1.3661. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 1.3298 will let the pair go down to the levels of 1.3129–1.2963.

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