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AUD/USD: technical analysis 15 November 2019, 12:22

AUD/USD: technical analysis 15 November 2019, 12:22 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 0...

Nov 6, 2019

IBM Corp.: wave analysis 06 November 2019, 09:30


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 137.89
Take Profit 126.55, 121.25
Stop Loss 144.42
Key Levels 121.25, 126.55, 144.42, 152.70, 162.40
Alternative scenario
Recommendation BUY STOP
Entry Point 144.50
Take Profit 152.70, 162.40
Stop Loss 141.75
Key Levels 121.25, 126.55, 144.42, 152.70, 162.40
The price may fall.
On the 4-hour chart, an upward correction of the higher level formed as the wave (4) of C, and the development of the wave (5) started. Now, the upward correction 2 of (5) has formed, and the third wave of the lower level 3 of (5) is forming, within which the correction iv of 3 is ending. If the assumption is correct, the price will fall to the levels of 126.55–121.25. In this scenario, critical stop loss level is 144.42.


Main scenario
Short positions will become relevant during the correction, below the level of 144.42 with the targets at 126.55–121.25. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 144.42 will let the price grow to the levels of 152.70–162.40.

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