Readthemarket
CADJPY and the big shortCADJPY had engulfed the fl, and now I believe there would be a good downward movement to collect the long orders.
lately it engulfed a demand zone and had a pullback to QML and I'm ready to see my TP.
as we saw a Engulfed FL, the TP is ORFL and there would be a good place to long!!!
Bitcoin and its downward trendbitcoin as I expected, reach to 23200-24700$ and now I think we should wait to see a short trigger position.
beside this I think DXY is going to have a bull trend.
in the mid-term trend I believe bitcoin will have a great downward trend but in short-term, I think we can have a pullback to left shoulder flag limit (QM) and then there will be a short trigger.
TP of this downward trend is 12700-14100 support zone
chf and the trendchf perfectly reacted to the blue zone and now is close to a demand zone (red zone), I believe that this zone would work another time (like the arrow in chart) but since this time is 3rd time that price touch this zone there is a possibility for price to eng this zone. eng or reacting this zone would make chf to go for new orders in the dp.
EURUSDIn the higher time frames, we are in a descending channel, and in the monthly and weekly time, the positive divergence of the RSI has been issued to us.
There is a possibility of forming an upward trend in the medium term. As a result, we assume that the price trend will come out of the compression from the upper side, provided that the bottom of the downward channel is maintained.
This compression is related to daily time.
Until our downtrend line is broken to the upside and a breakout consolidation is issued on the daily time frame, the above view is invalid.
We would be happy to hear your comments
btcusdtperpAs I posted in the previous analysis, the price reacted well to the desired level. If you want to see analysis and updates, please follow and like.
The same target is still in place
I will update if it changes
There is a possibility that the price will return to the specified range
Of course, it is after changing of character