The growth of pair is expected.

On the 4-hour chart the upward correction is developing as a wave (2) of the higher level, within which the wave C of (2) is forming. Now the downward correction of the lower level as a wave ii of C has ended. If the assumption is correct, the pair will grow to the levels of 0.9977–1.0036 within the third wave. The level of 0.9828 is critical for this scenario.

Main scenario

Long positions will become relevant during the correction, above the level of 0.9828 with the targets at 0.9977–1.0036.

Alternative scenario

The breakdown and the consolidation of the price below the level of 0.9828 will let the pair go down to the level of 0.9734.

Dagangan

Senario

Timeframe Harian
Cadangan BUY
Mata Kemasukkan 0.9888
Ambil untung 0.9977, 1.0036
Henti-rugi 0.9830
Kunci tahap 0.9734, 0.9828, 0.9977, 1.0036

Senario berbeza

Cadangan SELL STOP
Mata Kemasukkan 0.9820
Ambil untung 0.9734
Henti-rugi 0.9880
Kunci tahap 0.9734, 0.9828, 0.9977, 1.0036
Wave Analysis

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