MCDonalds Analysis + Trade Setup
In my opinion, this is one of the best sales deals on the current market.
In the monthly chart, this stock has a 5-wave trend, which is currently the end of wave 3 and we are at the starting point of wave 4. This wave will be in the form of A B C and it will be a big and rapid wave. The reason for its rapidity is the end of a 5-wave in the weekly time frame and a 5-wave in the daily time frame.
It is worth noting that wave A will start with a high initial acceleration and then take an oscillatory form with large fluctuations
Note: If you buy a transaction at this price, please be patient and focus more on your psychology so that you don't exit the market when emotional fluctuations start and save your profit completely.
Be successful and profitable.
Mcdonaldsbearish
Analysis on MCDONALDS 30.08.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 222.00
• Take Profit Level: 225.00 (300 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 219.00
• Take Profit Level: 218.00 (100 pips)
USDJPY
A possible long position at the breakout of the level 116.70
EURUSD
A possible short position in the breakdown of the level 1.1030
USDCHF
A possible long position at the breakout of the level 0.9900
GBPUSD
A possible short position in the breakdown of the level 1.2150