FOREX_Moljam
the marked area seems a little tricky to me if the price breaks the area with a thick green KHIAR candle then I might think a bullish move has been started. otherwise if the red triangle rejects the price it may go down to around 14-13-12 which is my big target
It seems to me that the price has reached a demand zone I've been waiting for. It also may go a little lower than this then rise to some points which I marked the first one only...
First of all I should note that I'm not buying this very one analysis and this is just a drawing on the chart. So be careful and always do your own best research. I think if the price breaks above the triangle it might test it one more time and after that it reaches almost 23400 which is the 0.61 of the previous bullish leg on a fibs system I usually work...
It seems to me that the price goes down until touching the marked areas then chooses which way to go I STRONGLY NOTE THIS IS NOT A FINANCIAL ADVICE. DO YOUR OWN RESEAECH...
It is not a strong view and I'm just checking my weekly point in monthly scale with a single fibo But I'm still looking for my 80s target and leaving...
this is just a test and I'd like to see how the price responds to these lines...
a drawing_this is just my preparation im just typing these so the site let me publish
I assume its gonna go low then rise...