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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 7, 2019

McDonald’s Corp.: wave analysis 07 November 2019, 09:13


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 194.22
Take Profit 221.50, 230.00
Stop Loss 187.45
Key Levels 153.15, 173.38, 187.45, 221.50, 230.00
Alternative scenario
Recommendation SELL STOP
Entry Point 187.40
Take Profit 173.38, 153.15
Stop Loss 192.10
Key Levels 153.15, 173.38, 187.45, 221.50, 230.00
The correction ended, the price may grow.
On the daily chart, the fifth wave of the higher level 5 of (3) develops, within which the third wave iii of 5 of (3) formed. Now, a downward correction has developed as the wave iv of 5, shaped as zigzag. If the assumption is correct, the price will grow to the levels of 221.50–230.00. In this scenario, critical stop loss level is 187.45.


Main scenario
Long positions will become relevant above the level of 187.45 with the targets at 221.50–230.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 187.45 will let the price go down to the levels of 173.38–153.15.

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