On the 4-hour chart, the downward momentum of the higher level A of (2) formed, and the development of the upward correction as a wave B of (2) begun. Now the wave a of B is developing, within which the fourth wave of the lower level (iv) of a has ended. If the assumption is correct, the pair will grow to the levels of 1.1780–1.1820. In this scenario, critical stop loss level is 1.1639.
Main scenario
Long positions will become relevant during the correction, above the level of 1.1639 with the targets at 1.1780–1.1820. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 1.1639 will let the pair go down to the levels of 1.1500–1.1450.
Trade
Scenario
Timeframe Weekly Recommendation BUY Entry Point 1.1678 Take Profit 1.1780, 1.1820 Stop Loss 1.1639 Key Levels 1.1450, 1.1500, 1.1639, 1.1780, 1.1820
Alternative scenario
Recommendation SELL STOP Entry Point 1.1630 Take Profit 1.1500, 1.1450 Stop Loss 1.1690 Key Levels 1.1450, 1.1500, 1.1639, 1.1780, 1.1820
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.