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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 10, 2019

ATT Inc.: wave analysis 10 September 2019, 09:30


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 36.78
Take Profit 42.56, 43.86
Stop Loss 34.54
Key Levels 26.80, 30.03, 34.54, 42.56, 43.86
Alternative scenario
Recommendation SELL STOP
Entry Point 34.50
Take Profit 30.03, 26.80
Stop Loss 36.00
Key Levels 26.80, 30.03, 34.54, 42.56, 43.86
The price may grow.
On the daily chart, the fifth wave of the higher level (5) develops, within which the first wave 1 of (5) forms. Now, the third wave iii of 1 of the lower level is developing. If the assumption is correct, the price will grow to the levels of 42.56–43.86. In this scenario, critical stop loss level is 34.54.


Main scenario
Long positions will become relevant during the correction, above the level of 34.54 with the targets at 42.56–43.86. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 34.54 will let the price go down to the levels of 30.03–26.80.

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