Hedayatyazdani

Hedayatyazdani

Wave 1 and 2 are completed since start of the uptrend, now we are on wave 3 ( The highest wave ) but the growth to this levels also required good economic conditions ( fundamentals and sentiment )

Hedayatyazdani Updated 

The prices tests the resistance level slowly but there is not enough buyers to retest or break the level. also it has reached the trend line. Trend reversal is possible.

Hedayatyazdani

current uptrend is going after a corrective wave, then it seems to go up more

Hedayatyazdani

The price will test the support zone also retests are possible. on breakout the current price area buy on breakout sell with stop lose

Hedayatyazdani

In chart patterns head and shoulder has a trend reversal signal, but because the neckline is like a downtrend it is better to wait until the price riches the neckline and breakout it to enter or wait to RSI value become over 50 and neckline size is good for target and keep a day for stop loose. also a type B divergence in 1h chart confirm the uptrend( a little)

Hedayatyazdani

The price reached to weekly trend line, Daily/Weekly resistance, and Gold ( AUD depends on GOLD price too ) may fall on resistance area

Hedayatyazdani

If the price passes the Resistance zone it will fall on the trend line otherwise it will fall here on the resistance area.

Hedayatyazdani

EURUSD is testing Fib 0.382 level and support zone. this level may be very strong and the market is on Neutral mood in this area. if the price gets up from this area it my grow to the next resistance level otherwise it will fall.

Hedayatyazdani

The momentum is increasing along the channel and it is passing the Resistance level, and a pullback on next resistance level is possible