USD/CAD: WAVE ANALYSIS

avatar
· Views 103



USD/CAD: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point1.3819
Take Profit1.3950, 1.4150
Stop Loss1.3760
Key Levels1.3177, 1.3361, 1.3588, 1.3950, 1.4150
Alternative scenario
RecommendationSELL STOP
Entry Point1.3585
Take Profit1.3361, 1.3177
Stop Loss1.3660
Key Levels1.3177, 1.3361, 1.3588, 1.3950, 1.4150

Growth is possible.

On the daily chart, the upward first wave of the higher level (1) of 5 formed, a correction ended as the second wave (2) of 5, and the third wave (3) of 5 started. Now, the first wave of the lower level 1 of (3) is forming, within which the wave v of 1 is developing. If the assumption is correct, the USD/CAD pair will grow to the area of 1.3950–1.4150. In this scenario, critical stop loss level is 1.3588.

USD/CAD: WAVE ANALYSIS

USD/CAD: WAVE ANALYSIS

 

Main scenario

Long positions will become relevant above the level of 1.3588 with the targets at 1.3950–1.4150. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 1.3588 will let the asset go down to the area of 1.3361–1.3177.


Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0
Belum ada komentar. Jadil yang pertama untuk membagikan komentar.

  • tradingContest