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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...

Jun 14, 2019

USD/CHF: wave analysis 14 June 2019, 09:34


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 0.9938
Take Profit 1.0241, 1.0400
Stop Loss 0.9858
Key Levels 0.9715, 0.9858, 1.0241, 1.0400
Alternative scenario
Recommendation SELL STOP
Entry Point 0.9850
Take Profit 0.9715
Stop Loss 0.9910
Key Levels 0.9715, 0.9858, 1.0241, 1.0400
The pair may grow.
On the 4-hour chart, the first wave i of 3 formed, and the local correction ii of 3 ended. Now, the development of the wave iii of 3 is beginning, within which the first wave of the lower level (i) of iii is forming. If the assumption is correct, the pair will grow to the levels of 1.0241–1.0400. In this scenario, critical stop loss level is 0.9858.


Main scenario
Long positions will become relevant during the correction, above the level of 0.9858 with the targets at 1.0241–1.0400. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.9858 will let the pair go down to the level of 0.9715.

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