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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 13, 2019

McDonald’s Corp.: wave analysis 13 June 2019, 09:32


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 204.93
Take Profit 212.00, 216.00
Stop Loss 201.95
Key Levels 178.12, 185.18, 194.47, 212.00, 216.00
Alternative scenario
Recommendation SELL STOP
Entry Point 194.40
Take Profit 185.18, 178.12
Stop Loss 197.50
Key Levels 178.12, 185.18, 194.47, 212.00, 216.00
The trend is upward.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops, within which the third wave iii of 5 of (3) forms. Now, the third wave of the lower level (iii) of iii of 5 has formed, and a local correction is developing as the wave (iv) of iii. If the assumption is correct, after the end of the correction, the price will grow to the levels of 212.00–216.00. In this scenario, critical stop loss level is 194.47.


Main scenario
Long positions will become relevant during the correction, above the level of 194.47 with the targets at 212.00–216.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 194.47 will let the price go down to the levels of 185.18–178.12.

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