ali11002

ali11002

there is before series of higher and higher low and after getting rejection from resistance and break of trend line now we have three points for reversal 1. Break of trend line 2. Rejection from resistance 3. Divergence

ali11002

trend is resistance area wait for making consolidation and more wicks rejection if it makes consolidation near resistance then confirm it will be reverse or wicks rejection careful required when take reversal trade against trend proper breakout of Hl

ali11002

short entry from with proper break of support trendline break and Fib 0.6 level be carefully reversal not easy to catch with proper breakout we will catched it 1.divergence 2.trendline break 3. support break 4.Fib 0.6 level break when above mention points meet then i will take short entry

ali11002

there is no divergence in H4 when see round shape make a entry and there is break of resistance

ali11002

Trend is now at FIB 0.6 level there is wicks rejection on H1 and there is divergence in H4 and there is divergence in momentum take a short with carefully with proper break of trendline and donnot sell stop take entry manually with proper break of Hl with proper candle close

ali11002

there is three times wick rejection on fib 0.328 level and on the other hand jpyx index on fib 0.5 level with four times wick rejection

ali11002

there is break of LH and trend is making higher and higher low

ali11002

there is no divergence and trend breaks the resistance take entry from fib 0.6 level

ali11002

there is descending triangle with no divergence and cannot break resistance

ali11002

there is no divergence in H1 and H4 not break HL trend is making series of HH and HL

ali11002

Trend is making series of higher high and higher low with ascending channel still channel is not break and higher low not break we consider still bullish but divergence in H1 Lets see divergence will play or not on other hand dxy on daily support if it breaks than consider eurusd bullish

ali11002

Trend is follow the ascending channel there is resistance level at 2416 there is completion of fifth wave and there is divergence coming in H4

ali11002

there is no divergence in H4 and making higher and higher

ali11002

take entry from resistance become support as this point is FIB 0.6 level there is no divergence in H1 and H4

ali11002

trend is supporting the trend line there is ascending triangle with no divergence

ali11002

there is break of resistance and trend line with no divergence take entry with 20 ema candle rejection

ali11002

there is higher high and higher there is divergence in volume and divergence in rsi there is complete of elliote wave theory

ali11002

there is divergence in H1 and still trend make higher high and higher low in H4 there is no divergence in H4 if it not break resistance than there is pull back 0.5 fib level (resistance become support)