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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

McDonald’s Corp.: wave analysis 12 September 2019, 09:38


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 210.20
Take Profit 230.00, 236.50
Stop Loss 203.12
Key Levels 191.50, 197.31, 203.12, 230.00, 236.50
Alternative scenario
Recommendation SELL STOP
Entry Point 203.05
Take Profit 197.31, 191.50
Stop Loss 205.00
Key Levels 191.50, 197.31, 203.12, 230.00, 236.50
The price is in a correction and may grow.
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 has formed, and the local correction (iv) of iii is ending. If the assumption is correct, after the end of the correction, the price will grow to the levels of 230.00–236.50. In this scenario, critical stop loss level is 203.12.


Main scenario
Long positions will become relevant during the correction, above the level of 203.12 with the targets at 230.00–236.50. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 203.12 will let the price go down to the levels of 197.31–191.50.

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