Farid_alfredo

Farid_alfredo

As I've shown on the chart, two bearish pattern are happened: 1) Head and Shoulders 2) Inverse Cup and Handle H4, Daily and Weekly charts all are suggesting bearish movement.

Farid_alfredo

As you can see price is moving up within an ascending channel. It has reached to its highest level now and for continuing to go up it needs a correction. So bearish movement is technically possible

Farid_alfredo

Ascending channel in weekly chart is going to be broken soon, since RSI is 75, and RSI divergence has formed, technically we expect to see the price in lower levels soon but fundamentally it is still likely to go up to the end of march. But I doubt price goes up more than 600 since Argentina is going to terminate its export ban since the coming week and COVID-19...

Farid_alfredo

As you know few days ago price reached to it's highest level since 2018 because of monetary policies of Canada Central Bank and now we expect to see it goes down to the lower level again.

Farid_alfredo

Price is going up within an ascending channel and based on Elliot waves theory we ca expect to see it on the lower levels soon. It's not likely to see the price lower than the channel levels though.

Farid_alfredo

Economical news of GB and US caused the price go so high and shaped a Kangaroo tail on 15 min time frame. So based on it we do expect to see the price on the downtrend .

Farid_alfredo

Price has reached to it's highest level since April 2018 due to economical policies of Canada government and central bank. Technically, reducing the price within the channel is definite. I expect to see the price on 0.98 and even 0.97 soon but not for a long time.

Farid_alfredo

Price has reached to it's highest point inside the channel and temporarily bearish movement is likely to be happen within channel.

Farid_alfredo

Descending channel broke up before but price has reached to it's lowest level and needs to come higher again and get back within the channel again. So in my opinion 70 to 100 pips is possible.

Farid_alfredo

As you can see, price is going up in parallel channel. Price has reached to it's high level and need to get a bit rest for next movements. So I expect to see a bit decrease within the channel and almost 150 pips profit is possible.

Farid_alfredo

Ascending wedge is going to be a bearish pattern ...

Farid_alfredo

Cup and handle pattern is happening and price will gradually reach 106.000 after getting rest.

Farid_alfredo

Price is going up gradually in a parallel channel. A long term ascending movement is happening. TP1: 105.800 TP2: 106 TP3: 106.200 TP4: 106.400

Farid_alfredo

Two important pattern, EMA and also RSI show that price must go down in future hours.

Farid_alfredo

Again Price has reached to it's HH and descending trend is likely to happen.

Farid_alfredo

Reversal trend is likely to happen at 15 min framework since the price has decreased too much

Farid_alfredo

As you can see price has increased a lot and up trend is closing to the end, then Short position is gonna be happen in 15 min time frame.

Farid_alfredo

Price has been decreased enough and now It's time for reversal trade.