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USD/JPY: upward momentum maintains 20 September 2019, 14:15

USD/JPY: upward momentum maintains 20 September 2019, 14:15 Scenario Timeframe Weekly Recommendation BUY Entry Point 1...

Sep 12, 2019

Altria Group Inc.: wave analysis 12 September 2019, 09:40


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 44.71
Take Profit 52.51, 57.85
Stop Loss 42.33
Key Levels 38.50, 42.33, 52.51, 57.85
Alternative scenario
Recommendation SELL STOP
Entry Point 42.25
Take Profit 38.50
Stop Loss 43.50
Key Levels 38.50, 42.33, 52.51, 57.85
The price may grow.
On the 4-hour chart, an upward correction of the higher level develops as the wave (B) of 2. Now, the wave B of (B) has developed, within which the wave c of B of the lower level has formed. If the assumption is correct, the price will grow to the levels of 52.51–57.85. In this scenario, critical stop loss level is 42.33.


Main scenario
Long positions will become relevant above the level of 42.33 with the targets at 52.51–57.85. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 42.33 will let the price go down to the level of 38.50.

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