21 April 2016, 09:12
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 1.4340 |
| Take Profit | 1.4074, 1.3820 |
| Stop Loss | 1.4420 |
| Key Levels | 1.3820, 1.4074, 1.4418, 1.4500, 1.4600 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 1.4430 |
| Take Profit | 1.4500, 1.4600 |
| Stop Loss | 1.4320 |
| Key Levels | 1.3820, 1.4074, 1.4418, 1.4500, 1.4600 |
A fall is expected.
Trading Tips
Sell the pair from corrections, below the level of 1.4418 with the target at 1.4074-1.3820.
Alternative Scenario
The breakout and consolidation above the level of 1.4418 would allow the pair to grow to 1.4500-1.4600.
Assumingly, a formation of an upward correction as the fourth wave 4 of the
higher level is nearing the end. Locally, a wedge seems to have formed that is
presumably wave c of 4, and if the assumption is correct, a fall towards
1.4074-1.3820 should be expected. Critical for this scenario is the level of
1.4418 a breakout of which would lead to a growth towards 1.4500-1.4600.
Sell the pair from corrections, below the level of 1.4418 with the target at 1.4074-1.3820.
Alternative Scenario
The breakout and consolidation above the level of 1.4418 would allow the pair to grow to 1.4500-1.4600.
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The client must claim / request the Bonus by
contacting finance department
at finance@hiwafx.com
or via livechat.
Terms & Conditions
with
M Samer Al Reifae
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
- YOU ARE NEVER LEFT ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
