Avicenna_fx

Avicenna_fx

In the daily time, we have head & shoulders pattern.This pattern is also formed in 4 hours. By breaking the neckline in 4 hours and then in daily time, we have reached the resistance of 0.75820. The chart has reacted to this and is making pullback to the daily neckline. The light blue line of the daily channel is broken.The orange lines indicate the end of the...

Avicenna_fx

In a short time, it can be seen that we expect a pullback to 1.93750. We should attention to orange channel. Then continue trend up to the daily channel ( blue trand line) but its fore short time. when pice arrive to top of daily channel (blue one) we explain our idea and update it.

Avicenna_fx

If the price crosses 109.650 we expect to climb to 112.080. Due to the Cross of this price and the formation of pullback, our probability has become stronger. It is better to wait for the opening of US markets to determine the main trend.

Avicenna_fx

Thre is a resistanec area above the price. Th price may fall inside the channel and the formation of double top can reinforce this hypothesis. The first target is 123800. The second target is the end of the channel.

Avicenna_fx

Aftter a little correction, we expect price growth.

Avicenna_fx

After a little correction we expect price growth

Avicenna_fx

We expect prices to fall to key levels and then continue to rise. If it breaks the key level, the scenario changes. Attention:This is just my personal opinion