According to the formed return pattern, we can take a short position at this point
Hi everyone Since the price in the high timeframe has an uptrend, we can correct the recent downturn and trade in the uptrend.
One possible uptrend for the pound is the formation of a diamond pattern. . If this pattern is formed and the initial reaction is appropriate, we can make a long position
The price has reached the demand zone in high time frame. . After hunting the previous support, showed a good reaction. . We expect the price to rise in the coming weeks.
Hi everyone Nzdusd is expected to lower its price in the area and start a big uptrend. In this scenario, the market can follow the Diamond logo, which is a return pattern.
The price is on an important support and has a good initial reaction to this level. . Assuming the trend is upward, we can buy a position at the end of possible corrections.
The price has reached the weekly zone and is expected to reach the high zone. In case of possible correction, we can make a purchase transaction on one of the specified areas.
The Dow Jones Industrial Average could experience a further decline due to a good daily candle that is closed.
The price in the daily time frame, at the same time as reaching the bottom of the channel, has formed the pattern AB = CD. . In the coming weeks, the view of climbing on this currency pair seems to be a more appropriate view.
The price has reached an important resistance in the weekly time frame, which is known as FTR in RTM style. . With the price reaching this FTR, the price at the end of the week was able to form a weekly candlestick with a high uptrend, which is towards uptrend. . Within four hours, in case of possible correction, we can make a purchase transaction.
If we do not consider the descent scenario from this point, we can choose one of the specified scenarios for growth, according to the movement arrangement of the price reaching the levels.
After breaking the trend line, the price was able to reach the price target and take on a clearing arrangement. . By looking at the appropriate return pattern in the context below, we can think of a buy transaction with a specified purpose.
Price can model one of the scenarios. Personally, I find the downturn scenario more likely
We see an Elliott structure. We take a long position within the specified demand zone.
The pair can react to one of the specified levels to continue the upward movement.
I think eurusd can move according to one of these two scenarios. I consider the bear scenario to be stronger.
The price in an uptrend, in its last attempt failed to record a new high, and this could be a warning for the return of the trend. At the moment, the price seems to be forming a diamond pattern which is a return pattern. If our guess is that the trend is not bullish, we can think of a short trade in the area identified in the recent downtrend with the main support in mind.
After completing the pattern of 3 drives , the price break out of compression and was able to record new high. We can enter in this correction.