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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

EUR/USD: wave analysis 14 January 2020, 08:43


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 1.1139
Take Profit 1.1300, 1.1410
Stop Loss 1.1080
Key Levels 1.0881, 1.0983, 1.1080, 1.1300, 1.1410
Alternative scenario
Recommendation SELL STOP
Entry Point 1.1075
Take Profit 1.0983, 1.0881
Stop Loss 1.1135
Key Levels 1.0881, 1.0983, 1.1080, 1.1300, 1.1410
The correction is completed; there is a probability of growth of the pair.
On the 4-hour chart, the development of the first wave of the higher level (1) of 3 continues, as part of which the third wave 3 of (1) is formed. At the moment, the first wave of the lower level i of 3 has formed and a downward correction has completed as wave ii of 3. If the assumption is right, the growth of the pair will continue to the levels of 1.1300–1.1410. The level of 1.1080 is critical and stop loss for this scenario.


Main scenario
Long positions are relevant from the corrections above level of 1.1080 with targets at 1.1300–1.1410. Implementation time: 7 days and more.
Alternative scenario
Breaking down the level of 1.1080 and consolidation below it will allow the pair to continue reduction to the levels of 1.0983–1.0881.

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