Theme images by MichaelJay. Powered by Blogger.

GBP/USD: general analysis 27 January 2020, 12:48

GBP/USD: general analysis 27 January 2020, 12:48 Scenario Timeframe Intraday Recommendation BUY STOP Entry Point 1.312...

Jan 14, 2020

ATT Inc.: wave analysis 14 January 2020, 08:50


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 38.10
Take Profit 42.00, 44.00
Stop Loss 36.33
Key Levels 33.58, 34.80, 36.33, 42.00, 44.00
Alternative scenario
Recommendation SELL STOP
Entry Point 36.30
Take Profit 34.80, 33.58
Stop Loss 36.90
Key Levels 33.58, 34.80, 36.33, 42.00, 44.00
The price may rise.
On the daily chart, the upward trend continues to develop within the first wave of the higher level 1 of (3). At the moment, the formation of the fifth wave of the lower level v of 1 has begun, as part of which a local correction is developing as wave (ii) of v of 1. If he assumption is correct, it would be reasonable to expect the continuation of the asset's price growth to 42.00–44.00 after it is complete. The level of 36.33 is critical and stop loss for this scenario.


Main scenario
Long positions are relevant from the corrections above level of 36.33 with targets at 42.00–44.00. Implementation time: 7 days and more.
Alternative scenario
Breaking through and consolidation below the level of 36.33 will allow the asset to continue decreasing to 34.80–33.58.

No comments:
Write comments


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