According to the previous analysis we was waiting for the price to break out the hourly correction. It has been broken and retested it which lead us to enter the trade.
The price has been broke the daily rising wedge and retest the break out as well as showing divergence. Now the price has been expected to move downside to the support area. We will look for break out of the current bearish correction to confirm the idea. Will update the idea as soon as it breaks.
Price has reached a strong weekly resistance and reversed after 5-wave-impulsive momentum. There is a downside potential on this pair. Will post another idea on hourly chart for the entry points very soon.
As explained on the previous idea, There is a potential bearish movement on this pair. Price has been broke the bearish correction structure on the hourly chart. We are entering the short position to the support area as well as daily structure. The stop loss is on the top of the previous high.
Price has been reversed from weekly structure and broke out it daily structure as well. Recently it has been in a correction movement which could lead to a double top pattern. Waiting for break out of the hourly structure to confirm the bearish movement to the lowest area of the weekly channel. Will update the idea if it confirms.
Price has been reached the historical support area and reversed immediately from that and broke the previous daily resistance. Right now price has been touched the daily descending trend line. I am waiting for a little correction to the previous resistance zone which is going to act as support right now. After that looking for breakout of daily descending trend...
As mentioned on chart, price has been revered from strong weekly supports with strong divergence. Looking for finishing bearish impulsive wave with possible truncation on 5th wave to get into a long position after break out of the daily structure. However, since the bearish momentum is strong, confirmation on hourly charts after breakout seems a good idea. Will...
As we can see on the chart, price has broke out the weekly strong descending trend line with 5 upward waves(12345) after a weekly double bottom. Additionally it has been corrected via a symmetric triangle with 5 waves (ABCDE). Right now, the price has been broke out the triangle. It has been expected a strong bullish movement as a third primary wave (Red wave...