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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 ...

Jun 14, 2019

American Express Co.: wave analysis 14 June 2019, 09:36


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 121.78
Take Profit 128.00, 130.00
Stop Loss 117.95
Key Levels 108.00, 113.80, 117.95, 128.00, 130.00
Alternative scenario
Recommendation SELL STOP
Entry Point 117.90
Take Profit 113.80, 108.00
Stop Loss 119.30
Key Levels 108.00, 113.80, 117.95, 128.00, 130.00
The price may grow.
On the 4-hour chart, the fifth wave of the higher level 5 of (5) develops. Now, the fifth wave v of 5 is forming, within which the wave of the lower level (i) of v has developed. If the assumption is correct, after the correction (ii) of v the price will grow to the levels of 128.00–130.00. In this scenario, critical stop loss level is 117.95.


Main scenario
Long positions will become relevant during the correction, above the level of 117.95 with the targets at 128.00–130.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 117.95 will let the price go down to the levels of 113.80–108.00.

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