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GBP/USD: general analysis 26 February 2020, 13:50

GBP/USD: general analysis 26 February 2020, 13:50 Scenario Timeframe Intraday Recommendation BUY Entry Point 1.2940 ...

Feb 14, 2020

AUD/USD: wave analysis 14 February 2020, 08:16


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 0.6718
Take Profit 0.6600, 0.6545
Stop Loss 0.6770
Key Levels 0.6545, 0.6600, 0.6770, 0.6890, 0.6932
Alternative scenario
Recommendation BUY STOP
Entry Point 0.6775
Take Profit 0.6890, 0.6932
Stop Loss 0.6715
Key Levels 0.6545, 0.6600, 0.6770, 0.6890, 0.6932
The pair may fall.
On the 4-hour chart, the fifth wave of the higher level 5 of (5) develops. Now, the fifth wave of the lower level v of 5 forms, within which a local correction has ended as the wave (iv) of v, and the wave (v) of v is developing. If the assumption is correct, the pair will fall to the levels of 0.6600–0.6545. In this scenario, critical stop loss level is 0.6770.


Main scenario
Short positions will become relevant during the correction, below the level of 0.6770 with the targets at 0.6600–0.6545. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.6770 will let the pair grow to the levels of 0.6890–0.6932.

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