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...

Oct 9, 2019

USD/JPY: wave analysis 09 October 2019, 09:59


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 107.19
Take Profit 109.35, 112.32
Stop Loss 106.44
Key Levels 103.50, 104.43, 106.44, 109.35, 112.32
Alternative scenario
Recommendation SELL STOP
Entry Point 106.40
Take Profit 104.43, 103.50
Stop Loss 107.05
Key Levels 103.50, 104.43, 106.44, 109.35, 112.32
The pair may grow.
On the 4-hour chart, the first wave 1 within the started wave (C) of the higher level develops. Now, the first wave of the lower level i of 1 of (C) has formed, and the local correction ii of 1 has ended, which has reached the correctional the level of 50%. If the assumption is correct, the pair will grow to the levels of 109.35–112.32. In this scenario, critical stop loss level is 106.44.


Main scenario
Long positions will become relevant during the correction, above the level of 106.44 with the targets at 109.35–112.32. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 106.44 will let the pair go down to the levels of 104.43–103.50.

No comments:
Write comments


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