The pair can grow.
On the 4-hour chart the upward correction is developing as a second wave 2 of (5) of the higher level. Locally the wave c of 2 is forming, within which the first wave (i) of c has formed. If the assumption is correct, the pair will grow to the level of 0.7813. The level of 0.7652 is critical for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 0.7652 with a target at 0.7813.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.7652 will let the pair go down to the levels of 0.7596–0.7573.
Dagangan
Senario
Timeframe Harian
Cadangan BUY
Mata Kemasukkan 0.7713
Ambil untung 0.7813
Henti-rugi 0.7655
Kunci tahap 0.7573, 0.7596, 0.7652, 0.7813
Senario berbeza
Cadangan SELL STOP
Mata Kemasukkan 0.7650
Ambil untung 0.7596, 0.7573
Henti-rugi 0.7705
Kunci tahap 0.7573, 0.7596, 0.7652, 0.7813
On the 4-hour chart the upward correction is developing as a second wave 2 of (5) of the higher level. Locally the wave c of 2 is forming, within which the first wave (i) of c has formed. If the assumption is correct, the pair will grow to the level of 0.7813. The level of 0.7652 is critical for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 0.7652 with a target at 0.7813.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.7652 will let the pair go down to the levels of 0.7596–0.7573.
Dagangan
Senario
Timeframe Harian
Cadangan BUY
Mata Kemasukkan 0.7713
Ambil untung 0.7813
Henti-rugi 0.7655
Kunci tahap 0.7573, 0.7596, 0.7652, 0.7813
Senario berbeza
Cadangan SELL STOP
Mata Kemasukkan 0.7650
Ambil untung 0.7596, 0.7573
Henti-rugi 0.7705
Kunci tahap 0.7573, 0.7596, 0.7652, 0.7813