USD/CAD: WAVE ANALYSIS

avatar
· Views 145




USD/CAD: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationSELL
Entry Point1.3754
Take Profit1.3177, 1.2850
Stop Loss1.3978
Key Levels1.2850, 1.3177, 1.3978, 1.4215, 1.4470
Alternative scenario
RecommendationBUY STOP
Entry Point1.3980
Take Profit1.4215, 1.4470
Stop Loss1.3900
Key Levels1.2850, 1.3177, 1.3978, 1.4215, 1.4470

The price is in a correction and a fall is possible.

On the daily chart, the upward first wave of the higher level (1) of 5 ended, and a correction develops as the second wave (2) of 5, within which the wave B of (2) formed. Now, the wave c of B is developing, within which the wave (iii) of c of B has ended. If the assumption is correct, after the wave B of (2) the price will fall within the wave C of (2) to the area of 1.3177–1.2850. In this scenario, critical stop loss level is 1.3978.

USD/CAD: WAVE ANALYSIS

USD/CAD: WAVE ANALYSIS

Main scenario

Short positions will become relevant below the level of 1.3978 with the targets at 1.3177–1.2850. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price above the level of 1.3978 will let the asset grow to the area of 1.4215–1.4470.


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

  • tradingContest