soheil.salarimanesh

soheil.salarimanesh

As explained in the previous analysis , the price has reversed after creating a double top on the daily resistance and the Fibo level. Now the corrective structure has been broken which confirms the reversal momentum. Now, we can enter the short position. Aggressive traders can immediately enter the position however, it is recommended to wait for the retest to...

soheil.salarimanesh

Price has reversed from the weekly resistance zone and moved downtrend below a daily descending trendline. Afterwise, It has reversed downwards again for the fourth time after reaching this daily structure and recently has made a correction up to the previous daily resistance zone as well as the Fibo level (61.8%). Currently, it has created an hourly double top on...

soheil.salarimanesh

Price has finished an ABC pattern after an impulsive 5-wave-structure in a daily chart. This correction has ended on strong weekly support as well as a Fibo level (78%). The last minor wave of the primary corrective C wave has not been run so far which has been created a strong Divergence as well as a falling wedge pattern. The pattern and the daily descending...

soheil.salarimanesh

In the weekly chart, the price has been started a bullish movement from March 2020. In daily view, we can see a bullish daily structure (daily channel) as well. In 4H chart, we can see that the price has been corrected by its previous bullish impulsive wave within a zigzag pattern (ABC). Now the price has been started a new impulsive bullish momentum again after...

soheil.salarimanesh

Price has been reversed from the top of the weekly flat. After a sharp impulsive wave, it has been corrected to its 0.618 Fibonacci level. Right after that, it has been started the continuation of the downside and has been breakout the bullish daily channel after a double top. Now the breakout zone has been retested and we are expecting the hourly structure...

soheil.salarimanesh

Price has been made a 5-impulsive-wave towards the daily resistance zone with ending diagonal pattern. Also, it has been shown a reversal as well as a strong divergence. By breaking the rising wedge downward, it will confirm that it has been started a corrective structure for the impulsive wave. Shorting the pair to the previous support zone will be a good idea in...

soheil.salarimanesh

Price has been reversed from weekly resistance zone and just been breaking the daily structure. On hourly chart, it has been made a head and shoulder pattern as well. Right now, price is retesting the daily breakout and it has been expected to move toward the recent support zone.

soheil.salarimanesh

As mentioned in the previous analysis, price has the bearish potential. Right now, price has broken the hourly ascending trend line and confirm our analysis. Now we have entered the short position toward the previous support zone as well as 1.61 Fibo level.

soheil.salarimanesh

Price is moving inside an ascending daily channel and right now has been touched the weekly descending trend line for the 7th time. Additionally, it is showing a pin bar candle stick pattern on Hourly charts which indicates the end of the hourly upward movement as well. Therefore, reversal to the bottom of the daily channel is expected. Will are looking for...

soheil.salarimanesh Updated 

Price has reversed from weekly resistance with a 5-impulsive-bearish-wave to the historical support. During the last minor and major waves, a strong divergence can be seen as well. The 5th wave seems is not going to be survive a lot and making a double bottom. As explained on the chart, we are expected that the price reverse from the bottom of weekly flat to the...

soheil.salarimanesh Updated 

Finally, price has been broken the daily structure after making a triple top as we expected according to the previous analysis. Right now price is correcting the previous bearish movement. We are waiting for breakout of the hourly corrective structure to enter the short position to the previous daily support zone as well as 1.61 of Fibo level. Will update the idea...

soheil.salarimanesh Updated 

According to the previous analysis, price has been reversed from the resistance zone and now it is correcting the previous impulsive bearish movement. Now we are waiting for breakout the hourly corrective structure to enter the short position. Will update the idea accordingly.

soheil.salarimanesh Updated 

As mentioned in previous analysis, price has been reversed from daily channel and now it is correcting the previous bearish momentum. Now we are waiting for breakout of the corrective structure as a confirmation to enter the short position. Target is the bottom of the daily channel as well as 127% of Fibo level and/or previous support zone. Will update the trade...

soheil.salarimanesh

Price has been reached a weekly descending trend line with 5 bullish impulsive waves as well as showing divergence. After reaching this resistance zone, price has been reversed and broke the daily (5-wave) structure. Price now is moving inside a descending triangle as wave B of corrective ABC pattern. After finishing its minor five(ABCDE) movement inside the...

soheil.salarimanesh Updated 

Price has been moving inside a weekly falling wedge and recently reversed from the bottom of it by showing a strong weekly divergence. On hourly chart, it has made double bottom and broke its hourly structure with another divergence on hourly chart. Additionally the breakout has been retested and we are looking for more bullish movement to enter a long position on...

soheil.salarimanesh Updated 

Price has reached the weekly resistance with showing a strong divergence on weekly as well as 4 hour chart which indicates that there is a potential bearish movement on that. Besides, there is a head and shoulder pattern on the top of the structure. Right now, I am waiting for price to break the both neckline and the hourly structure and retesting of it (by...

soheil.salarimanesh Updated 

Price has been reversed from the top of daily structure channel. This are is an old resistance as well as 0.61 Fibonacci level on weekly view. There is potential for more bearish movement to the lower side of the daily channel. I am going to post another idea regarding to the short position regarding this idea.

soheil.salarimanesh Updated 

According the previous analysis, we are going to enter the short position after break out of the corrective structure. Here is the details of entry point on the chart. On below you can see the previous analysis according to this trade. Will update the idea accordingly.