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26 April 2016, 14:44
Scenario
| |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 0.9723 |
| Take Profit | 0.9680, 0.9640 |
| Stop Loss | 0.9750 |
| Key Levels | 0.9616, 0.9640, 0.9649, 0.9682, 0.9692, 0.9723, 0.9789, 0.9795, 0.9867, 0.9875 |
Alternative Scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.9800 |
| Take Profit | 0.9875 |
| Stop Loss | 0.9755 |
| Key Levels | 0.9616, 0.9640, 0.9649, 0.9682, 0.9692, 0.9723, 0.9789, 0.9795, 0.9867, 0.9875 |
A strong downward correction is possible.
On the 4-hour chart, the price rebounded from two-month highs and is heading
towards the level of 0.9723 (23.6% correction), the crossover with the ascending
38.2% fan line and the 23.6% arc. A breakdown of this level can lead to a
decline towards the support area 0.9692-0.9682 (61.8% extension and 38.2%
correction) and further down to 0.9649 (50.0% correction) and 0.9616 (61.8%
correction). A strong growth would start if the level of 0.9789 (overlap between
the 0.0% and 38.2% corrections for the short- and medium-term trends) is broken
out. In this case, the price might strengthen to 0.9867 (overlap between the
161.8% extension and the 90.0% correction for the medium-term trend).
On the daily chart, the price rebounded from 0.9795 (38.2% correction) and is
trading at the level of 0.9740 (61.8% extension) a breakdown of which can lead
to a decline towards 0.9686 (23.6% correction) and 0.9640. A growth might start
if the price breaks out level of 0.9795 (38.2% correction) and the descending
50.0% fan line. In this case, the target would be at 0.9875 (50.0%
correction).
Trading Tips
Sell the pair below the level of 0.9723 with targets at 0.9680, 0.9640 and stop-loss at 0.9750.
Alternative Scenario
Buy the pair if the price turns up and breaks out the level of 0.9795 with the target at 0.9875 and stop-loss at 0.9755.
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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.
