OANDA:EURUSD   Fx Euro/Dolar U.S
Upward trend restored.

On the 4-hour chart the fifth wave 5 as a diagonal triangle within the first wave 1 of the higher level is forming. At the moment the third wave iii             of 5, within which the wave (a) of iii             is ending, is developing. If the assumption is correct, the pair will grow to the level of 1.2090 after the end of the correction (b) of iii             . The level of 1.1844 is critical for this scenario.

Main scenario

Long positions will become relevant after the end of the correction, above the level of 1.1844 with the target at 1.2090.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.1844 will let the pair go down to the level of 1.1735.

Trade

Scenario

Timeframe Weekly
Recommendation BUY
Entry Point 1.1951
Take Profit 1.2090
Stop Loss 1.1890
Key Levels 1.1735, 1.1844, 1.2090

Alternative scenario

Recommendation SELL STOP
Entry Point 1.1840
Take Profit 1.1735
Stop Loss 1.1900
Key Levels 1.1735, 1.1844, 1.2090
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar