On the 4-hour chart, a local correction developed as the second wave of the higher level ii of 1, shaped as a flat, and the formation of the wave iii of 1 started. Now, the first wave of the lower level (i) of iii is developing, within which the wave iii of (i) is forming. If the assumption is correct, the pair will fall to the levels of 0.9656–0.9556. In this scenario, critical stop loss level is 0.9997.
Main scenario
Short positions will become relevant during the correction, below the level of 0.9997 with the targets at 0.9656–0.9556. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.9997 will let the pair grow to the levels of 1.0121–1.0230.
Scenario
Timeframe Weekly Recommendation SELL Entry Point 0.9879 Take Profit 0.9656, 0.9556 Stop Loss 0.9997 Key Levels 0.9556, 0.9656, 0.9997, 1.0121, 1.0230
Alternative scenario
Recommendation BUY STOP Entry Point 1.0000 Take Profit 1.0121, 1.0230 Stop Loss 0.9940 Key Levels 0.9556, 0.9656, 0.9997, 1.0121, 1.0230
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.