Hi everyone
I hope you are well
In the final analysis, our purchase idea was successful and we made a good profit. But in this analysis I present two hypotheses:
1. The price will reach the resistance zone specified in 1.4142 to 1.4242, and in dealing with this zone and pullback to the previously broken daily trend line, change the trend and start a relatively large bearish trend or correction. In this case, we will see a pattern of two peaks, but we must have a Kendall pattern to start the descent.
2. Break the price of the specified resistance zone, in which case the movement towards the resistance line of the channel starts in the range of 1.4700 to 1.4900. For the formation of this movement, stabilization of the daily candle above the specified zone is an important condition.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
I hope you are well
In the final analysis, our purchase idea was successful and we made a good profit. But in this analysis I present two hypotheses:
1. The price will reach the resistance zone specified in 1.4142 to 1.4242, and in dealing with this zone and pullback to the previously broken daily trend line, change the trend and start a relatively large bearish trend or correction. In this case, we will see a pattern of two peaks, but we must have a Kendall pattern to start the descent.
2. Break the price of the specified resistance zone, in which case the movement towards the resistance line of the channel starts in the range of 1.4700 to 1.4900. For the formation of this movement, stabilization of the daily candle above the specified zone is an important condition.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
