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USD/CAD: technical analysis 15 October 2019, 12:43

USD/CAD: technical analysis 15 October 2019, 12:43 Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 1.324...

Feb 12, 2019

ATT Inc.: wave analysis 12 February 2019, 08:37


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 29.71
Take Profit 34.28, 39.33
Stop Loss 26.78
Key Levels 24.00, 25.03, 26.78, 34.28, 39.33
Alternative scenario
Recommendation SELL STOP
Entry Point 26.70
Take Profit 25.03, 24.00
Stop Loss 27.30
Key Levels 24.00, 25.03, 26.78, 34.28, 39.33
The price may grow.
On the 4-hour chart, a downward correction of the higher level developed as the wave (2). Now the formation of the third wave (3) has begun, within which the first entry wave of the lower level (i) of i of 1 of (3) has formed, and the local correction (ii) of i has ended. If the assumption is correct, the price will grow to the levels of 34.28–39.33. In this scenario, critical stop loss level is 26.78.


Main scenario
Long positions will become relevant during the correction, above the level of 26.78 with the targets at 34.28–39.33. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 26.78 will let the price go down to the levels of 25.03–24.00.

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