Estimated pivot point is at a level of 1.2350.
Main scenario: short positions will be relevant from corrections below the level of 1.2350 with a target of 1.2050.
Alternative scenario:breakout and consolidation above the level of 1.2350 will allow the pair to continue rising to a level of 1.2555.
Analysis: The first wave 1 of senior level is supposed to have finished forming within the 4-hour time frame. Supposedly, a downward correction 2 is forming at the moment. Apparently, the wave A of 2 is developing at the moment, with the ascending correction iv of A nearing completion inside. If the assumption is correct, the pair will continue falling to the level of 1.2050. The level of 1.2350 is critical in this scenario. Its breakout will allow the pair to continue rising to a level of 1.2555.
| Start Trading |
Estimated pivot point is at a level of 1.4076.
Main scenario: short positions will be relevant from corrections below the level of 1.4076 with a target of 1.3580 – 1.3400.
Alternative scenario: breakout and consolidation above the level of 1.4076 will allow the pair to continue rising to a level of 1.4343.
Analysis: An ascending trend in the framework of the first wave (1) of senior level is supposed to have finished developing within the 4-hour time frame. A downward correction in the form of the wave (2) has supposedly started forming. Apparently, the third wave of junior level iii of A is developing locally. If the presumption is correct, the pair may be expected to continue dropping to the levels of 1.3580 – 1.3400. The level 1.4076 is critical in this scenario.
|
Estimated pivot point is at a level of 0.9324.
Main scenario: long positions will be relevant from corrections above the level of 0.9324 with a target of 0.9510 – 0.9612.
Alternative scenario:breakout and consolidation below the level of 0.0.9324 will allow the pair to continue declining to a level of 0.9186.
Analysis: Supposedly, the first wave of senior level 1 of (3) finished developing within the 4-hour time frame. Apparently, an ascending correction is forming now as the wave 2 of (3), with the wave a of 2 forming within. If the presumption is correct, the pair will continue to rise to the levels 0.9510 – 0.9612. The level 0.9324 is critical in this scenario.
| Start Trading |
Estimated pivot point is at a level of 107.72.
Main scenario: short positions will be relevant from corrections below the level of 107.72 with a target of 104.50 – 103.50.
Alternative scenario:breakout and consolidation above the level of 107.72 will allow the pair to continue the rise up to the levels of 108.65 – 109.60.
Analysis: Supposedly, a descending correction of senior level in a form of the wave B continues to form within the 4-hour time frame. Apparently, a descending impetus in the wave C of (B) is developing at the moment, with the fifth wave v of C forming inside. If the assumption is correct, the pair will continue falling to the levels of 104.50 – 103.50. The level 107.72 is critical in this scenario.
| Start Trading |
Estimated pivot point is at a level of 1.2757.
Main scenario: long positions will be relevant from corrections above the level of 1.2757 with a target of 1.3020 – 1.3131.
Alternative scenario:breakout and consolidation below the level of 1.2757 will allow the pair to continue declining to a level of 1.2617.
Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the third wave iii of 3 is forming now, with the wave (iii) of iii of junior level developing within. If the presumption is correct, the pair will logically continue to rise to the levels 1.3020 – 1.3131. The level 1.2757 may be critical in this scenario.
| Start Trading |
No comments:
Post a Comment