From what I can see, price has broken the support area of 1.01900. With this, it shows price still has bearish momentum. I’ve decided to open a sell position with my TP being the closest support level on the 4H timeframe.
From the looks of it, price made what looks like a head & shoulder pattern on the 4H timeframe. After the pattern was complete, price broke through the support area of 0.83600. Right now price is retesting the area once more, so there’s a possibility that this is a break & retest pattern.
On the daily timeframe, I’ve seen price has rejected the resistance area of 0.94500. With that, price has fallen back down to the previous resistance area 0.93500. This area previously held price back 3 times before price broke through the 4th time. Since price is reacting to the daily resistance, I’m expecting a bearish continuation.
From what I can see on the 1H timeframe, price is making lower highs after a strong bearish impulse. At the moment, price is at a support area, so I’m expecting price to break & retest the broken area before a bearish continuation.
From what I can see, there seems to be a break out from a cup & handle pattern on the 1H timeframe. Expecting a retest of the new support before a bullish continuation to the 1.23400 resistance area.
From the looks of it, price has made what looks like a double bottom pattern on the 1H timeframe. If that’s the case, I’m expecting the bullish momentum to continue until price reaches its last high.
Possible break and retest of the cup & handle pattern on the 4H timeframe. By the looks of it, price might be having a bullish reversal after its long term sell off.
After price finished it’s head & shoulder pattern on the 1H timeframe, it started to rally after reaching the support area of 80.300. Moving on the 4H timeframe, you can see price has managed to give clean break of the resistance area, which was the right shoulder. With price make a higher high, I’m expecting price to continue it bullish momentum to the next resistance.
On the 4H timeframe, I’ve seen what looks like a possible cup & handle pattern. At the moment, price is reacting to the support area of 0.60700. With that, I’m assuming price will reach the resistance area of 0.61650, completing the cup & handle pattern, resulting in a break and retest with a bullish continuation.
Possible head & shoulder pattern on the 30M timeframe. On the 4H timeframe, you can see price tested the resistance area of 129.430 and failed to break through, leaving a long bearish wick.
Possible head & shoulder pattern on the 4H timeframe. By the looks of it, price is respecting the area of 91.200. If this is the case, I expect a bearish continuation.
Possible head & shoulder pattern on the weekly timeframe. The last time price was at the support area of $29,700, it made a new high. I believe the head & shoulder pattern won’t hold and price will make a new high since price is still in a long term bullish trend.
At the moment, price is travelling in between the resistance area of 1.59000 and the support area of 1.57200. Price has recently rejected the resistance area, with that, I’m expecting price to go back down to the support area mentioned. By the looks of it, there’s a possible head & shoulder pattern to help the bearish momentum.
Possible head & shoulder pattern on the 15M timeframe. Since this pair is currently in a bearish trend, I expect this bearish pattern to hold.
Possible break and retest pattern on the 4H timeframe. With the strong bearish momentum this pair has on the higher timeframes, I’m expecting the momentum to continue until price reaches the support area of 127.500.
From the looks of it, this pairs reacting negatively to the double top pattern on the 4H timeframe. With the strong bearish momentum, price broke through the support area of 0.72700. Expecting price to retest the broken support before continuing its bearish momentum.
By the looks of it, price is respecting the head & shoulder pattern on the 30M timeframe. With that, I’m expecting a retest of the previously broken neckline before a bearish continuation.
Back on the 4th of January, I posted an idea about this pair rejecting the support area of 1.55800 and going up to the last major resistance. But now, it looks like price will be travelling between the resistance area of 1.59000 and support area of 1.55800.