AmirHonardoust

AmirHonardoust

Hello guys, I hope you're all doing well. As for the obvious downtrend chart pattern we have for gold, I think there are two possibilities: 1. The price will turn back up until the upper downtrend line and then return. 2. The price will continue falling until 1887. In my opinion, if the price turns back upside, it won't have as much strength as if it...

AmirHonardoust

Flag Pattern: A flag is a chart pattern formed during a counter-trend move after a sharp price movement. Why is it called Flag? It is named because of the way it reminds the viewer of a flag on a flagpole. What does the Flag Pattern represent? It signifies trend reversals or breakouts after a period of consolidation. The five main characteristics of a Flag...

AmirHonardoust

Hey guys, I hope you're all doing well. For XRP, the main thing that is obvious and can show the possibility of a fall in price is the weekly downtrend (attached on the chart). So it can show me the destination of the price for a much longer time. Another reason is the respect of the price in the resistance area (2 times, between 0.54 and 0.55 areas). In my...

AmirHonardoust Updated 

Hey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall...

AmirHonardoust

Hello guys, I hope you're all doing well. For USDJPY, I think the price will still stay upward and continue slowly (between the upward parallel channel) till the 151 area, and then we could expect a reversal or even breaking the major resistance. In my opinion, breaking the resistance has a better chance than reversing it. Finally, I'm looking for the best moment...

AmirHonardoust

Hello guys, I hope you're all doing well. The main reason that convinced me to go for a short position is that the USDJPY respects 146.5 resistance level (in my opinion) and I think it will fall all the way down to 141.699. But keep in mind that if USDJPY breaks the resistance, it must reach 150.1. May you all be PROFITABLE,

AmirHonardoust Updated 

Hello guys, I hope you are all doing well. I think gold will fall at least until 1912 and then it will reach 1810 in steps. Also, I can see a Triple Top pattern on the daily chart that is happening, which makes me more determined to go for selling gold. May you all be PROFITABLE,

AmirHonardoust

Hey guys, I hope you all doing well. For EURUSD, I think there is a good opportunity to buy (Long-Term : up to 1.144) since we had a clear Up-Trend, higher highs and higher lows pattern recently. I also put SL below the last HL cuz I think if the chart breaks the 1.062 there will be no chance to rise again and it will fall all the way down. May you all be PROFITABLE,