Theme images by MichaelJay. Powered by Blogger.

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...

Jul 12, 2019

USD/JPY: wave analysis 12 July 2019, 09:41


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 108.35
Take Profit 109.38, 109.94
Stop Loss 107.85
Key Levels 106.00, 106.75, 107.85, 109.38, 109.94
Alternative scenario
Recommendation SELL STOP
Entry Point 107.80
Take Profit 106.75, 106.00
Stop Loss 108.40
Key Levels 106.00, 106.75, 107.85, 109.38, 109.94
The pair may grow.
On the 4-hour chart, a downward correction developed as the wave ii of 3 shaped as a zigzag. Now, the formation of the third wave iii of 3 has begun, within which the first wave of the lower level (i) of iii is developing. If the assumption is correct, the pair will grow to the levels of 109.38–109.94. In this scenario, critical stop loss level is 107.85.


Main scenario
Long positions will become relevant during the correction, above the level of 107.85 with the targets at 109.38–109.94. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 107.85 will let the pair go down to the levels of 106.75–106.00.

No comments:
Write comments


If you are interested or have any questions - Contact us!