Estimated pivot point is at a level of 1.2314.
Main scenario: short positions will be relevant from corrections below the level of 1.2314 with a target of 1.2135.
Alternative scenario:breakout and consolidation above the level of 1.2314 will allow the pair to continue rising to a level of 1.2480.
Analysis: Supposedly, an ascending impetus continues to form inside the first wave of senior level (1) within the 4-hour time frame. Apparently, a downward correction in the form of the fourth wave iv of 5 is developing now, with the wave c of iv continuing to form within. If this assumption is correct, the pair will go on dropping to the level of 1.2135. The level of 1.2314 is critical in this scenario. Its breakout will allow the pair to continue rising to the level of 1.2480.
| Start Trading |
Estimated pivot point is at a level of 1.4095.
Main scenario: short positions will be relevant from corrections below the level of 1.4095 with a target of 1.3915.
Alternative scenario: breakout and consolidation above the level of 1.4095 will allow the pair to continue the rise up to the levels of 1.4246 – 1.4350.
Analysis: Supposedly, the fifth wave v of 5 continues forming within the first wave (1) of senior level within the 4-hour time frame. Apparently, the first wave of junior level (i) of v of 5 has been formed locally and a downward correction is developing as the wave (ii) of v, with the wave с of (ii) forming inside. If the presumption is correct, the pair may continue to fall to a level of 1.3915 in the short-term perspective . The level of 1.4095 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.4246 – 1.4350.
| Start Trading |
Estimated pivot point is at a level of 0.9523.
Main scenario: long positions will be relevant from corrections above the level of 0.9523 with a target of 0.9710.
Alternative scenario:breakout and consolidation below the level of 0.9523 will allow the pair to continue declining to a level of 0.9180.
Analysis: supposedly, an ascending correction in the form of the wave 2 of (3) of senior level continues developing within the 4-hour time frame. Apparently, the wave c of 2 continues forming, with the wave (iii) of c forming inside. If the presumption is correct, the pair will logically continue to rise to a level of 0.9710. The level 0.9523 is critical in this scenario.
| Start Trading |
USD/JPY
USD/CAD
Estimated pivot point is at a level of 105.60.
Main scenario: long positions will be relevant above the level of 105.60 with a target of 109.60 – 110.83.
Alternative scenario:breakout and consolidation below the level of 105.60 will allow the pair to continue declining to a level of 103.50.
Analysis: Supposedly, a descending impetus in the form of the wave C stopped forming as part of the correction (B) of senior level within the 4-hour time frame. Apparently, the first counter-trend wave of junior level i of (С) is forming now, with the wave (iii) of i developing inside. If the presumption is correct, the pair will continue to rise to levels 109.60 – 110.83. The level 105.60 is critical in this scenario.
| Start Trading |
Estimated pivot point is at a level of 1.2941.
Main scenario: short positions will be relevant from corrections below the level of 1.2941 with a target of 1.2690 – 1.2586.
Alternative scenario:breakout and consolidation above the level of 1.2941 will allow the pair to continue rising to a level of 1.3126.
Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the first wave i of 3 has been formed as an impetus and a downward correction is developing now in the form of the wave ii of 3, with the wave (c) of ii forming inside. If the presumption is correct, the pair will continue to drop to the levels 1.2690 – 1.2586. The level 1.2941 is critical in this scenario.
| Start Trading |
No comments:
Post a Comment