- The confirmations plus the latest market movements clearly indicate to us that the price can continue showing us continuations or already its new bullish phase for this new coming week.
- After the price has reached the Greater Temperality Demand zone we can clearly observe how the price still manipulated with a wick, we see how it was respected and even caused an Alcsite reaction which left us a CbdE in longer temporalities such as 1H .
- Also following said CbdE, the price left us a confirmation zone which was marked in a time frame of 15M and we see how once the market took the price back there, in the same way that the main Demand zone was respected and also caused a new CbdE, only unlike the first zone the price is not manipulated.
- In addition to seeing how the price caused 2 structural changes in both major and minor temporalities, either 1H and 15M, we see how the price closed on Friday in key levels and areas, such as the intermediate zone since the last impulse Bullish we had.
IMPORTANT:
- It should be noted that currently where the price closed last week has several factors which can serve as help and extra confirmations, to continue supporting us in a direction for the Bullish week.
- Since if we look clearly we can see that the price is about to use a Bearish trend line which previously broke upwards so it can now be used as support to hold the price. In addition to that we also have a trend line Bullish trend since the entire process of beginning to rise began, which was used twice as support and exactly 5 days ago the price broke it downwards when it went to manipulate the Demand zone mentioned above and for the Friday before the The closing of the week made a strong and clear break to the upside of said trend line, which can also be used again a 3rd time as support to take the price to its new Bullish phase.
- Having clear 2 CbdE Bullish, Plus 2 breaks of trend lines which can be used as support, But currently being in the intermediate zone since the last Impulse, In addition to a possible liquidity grab from the closest Mini Low of the last Bullish impulse I think we have the probabilities for tomorrow, Monday, the beginning of the new week, in a clear bullish direction.
- The objectives and scenarios that we would have to take into account would be the following:
1- That the price either rebounds at the time of its opening or rises in London or drops a little more, thus mitigating the important trend lines mentioned above.
2- That the price eliminates the last decreasing High before the close of last week located at the key level of 1.05708 and that followed by said Mini CbdE it gives us a new confirmation in lower Temps such as 5M or 1M.
3- The most important objectives are between the levels of 1.05832 and 1.05580 - We also have the possible elimination of the last growing High of the previous Bullish momentum located between the levels of 1.05949 and 1.05970.
4- For more extensive developments and impulses we have the elimination of the closest Offer zone which we would consider invalid if the key level of 1.06069 is eliminated. Furthermore, higher up we would continue to have more objectives such as the important levels of 1.06201 and 1.06357 .
5- Finally we would have the elimination of the key level of 1.06595 which if broken could extend the price until the possible elimination of the growing High of the previous week located at the key level of 1.06940.
EYE:
- For bearish scenarios we would have to be careful but at the same time not forget about them, and if they happen we would have to wait for confirmation with key arguments to change to a bearish direction for next week, BUT NOT DISCARD IT COMPLETELY.
- As the first and most likely scenario to happen, we would have the clear elimination of the intermediate zone since the last Bullish impulse that we saw on Friday, thus giving us the extension to the key levels between 1.05445 and 1.05366.
- As a second Bearish scenario we would have to see the first Bullish continuation from the intermediate zone, to the nearest Supply zone and we would have to see the elimination first of the growing High of the last Bullish Impulse, followed by a bearish CbdE which we would then wait for confirmation in the new area that said CbdE would create for us, to be looking for Sales to lower levels.
- If the key level of 1.05281 is eliminated, we would consider everything bullish mentioned above null and void.
- After the price has reached the Greater Temperality Demand zone we can clearly observe how the price still manipulated with a wick, we see how it was respected and even caused an Alcsite reaction which left us a CbdE in longer temporalities such as 1H .
- Also following said CbdE, the price left us a confirmation zone which was marked in a time frame of 15M and we see how once the market took the price back there, in the same way that the main Demand zone was respected and also caused a new CbdE, only unlike the first zone the price is not manipulated.
- In addition to seeing how the price caused 2 structural changes in both major and minor temporalities, either 1H and 15M, we see how the price closed on Friday in key levels and areas, such as the intermediate zone since the last impulse Bullish we had.
IMPORTANT:
- It should be noted that currently where the price closed last week has several factors which can serve as help and extra confirmations, to continue supporting us in a direction for the Bullish week.
- Since if we look clearly we can see that the price is about to use a Bearish trend line which previously broke upwards so it can now be used as support to hold the price. In addition to that we also have a trend line Bullish trend since the entire process of beginning to rise began, which was used twice as support and exactly 5 days ago the price broke it downwards when it went to manipulate the Demand zone mentioned above and for the Friday before the The closing of the week made a strong and clear break to the upside of said trend line, which can also be used again a 3rd time as support to take the price to its new Bullish phase.
- Having clear 2 CbdE Bullish, Plus 2 breaks of trend lines which can be used as support, But currently being in the intermediate zone since the last Impulse, In addition to a possible liquidity grab from the closest Mini Low of the last Bullish impulse I think we have the probabilities for tomorrow, Monday, the beginning of the new week, in a clear bullish direction.
- The objectives and scenarios that we would have to take into account would be the following:
1- That the price either rebounds at the time of its opening or rises in London or drops a little more, thus mitigating the important trend lines mentioned above.
2- That the price eliminates the last decreasing High before the close of last week located at the key level of 1.05708 and that followed by said Mini CbdE it gives us a new confirmation in lower Temps such as 5M or 1M.
3- The most important objectives are between the levels of 1.05832 and 1.05580 - We also have the possible elimination of the last growing High of the previous Bullish momentum located between the levels of 1.05949 and 1.05970.
4- For more extensive developments and impulses we have the elimination of the closest Offer zone which we would consider invalid if the key level of 1.06069 is eliminated. Furthermore, higher up we would continue to have more objectives such as the important levels of 1.06201 and 1.06357 .
5- Finally we would have the elimination of the key level of 1.06595 which if broken could extend the price until the possible elimination of the growing High of the previous week located at the key level of 1.06940.
EYE:
- For bearish scenarios we would have to be careful but at the same time not forget about them, and if they happen we would have to wait for confirmation with key arguments to change to a bearish direction for next week, BUT NOT DISCARD IT COMPLETELY.
- As the first and most likely scenario to happen, we would have the clear elimination of the intermediate zone since the last Bullish impulse that we saw on Friday, thus giving us the extension to the key levels between 1.05445 and 1.05366.
- As a second Bearish scenario we would have to see the first Bullish continuation from the intermediate zone, to the nearest Supply zone and we would have to see the elimination first of the growing High of the last Bullish Impulse, followed by a bearish CbdE which we would then wait for confirmation in the new area that said CbdE would create for us, to be looking for Sales to lower levels.
- If the key level of 1.05281 is eliminated, we would consider everything bullish mentioned above null and void.