Islam_sakr

Islam_sakr

first sell @ 113.20 area and tp @ 112.85 sl @ 113.40 second buy @ 112.50 tp @ 113.30 sl @ 112.30

Islam_sakr

First order buy @ point C @ 1.1290-1.13 target above @ 1.1342 expanded till 1.1455 Stop lose below 1.1265 after confirmation of point D you can sell @ point D @ 1.1455-1.1475 target below @1.1380 stop lose @ 1.15

Islam_sakr Updated 

Sell when reach point D @ 1.1480 , tp @ 1.. 1.1415 , sl @ 1.1508

Islam_sakr Updated 

The final retracement wave (BC) of the bearish Downtrend generated from 4 hours time frame is forming now and the first wave of this bullish wave formed and now the retracement of this first wave is going to be formed at (38.2%) Fibonacci level , which will be the BC segment of the bearish butterfly pattern and it will gives the chance to buy at this level...

Islam_sakr

Both BAT harmonic pattern and the correction of eliot waves leads to long position specially if the price break the pivot point level (1.1315), and I do prefer to take your profit at 0.618 Fibonacci level of CD segment (1.1340-1.1345) as the pair still @ a big down trend correction that I expect will end @ 1.10 level next week. The pivot point is 1.1345, support...

Islam_sakr

a clear downtrend divergence with MACD @ 30 min time frame makes the price going lower at least to test the downtrend line and the intraday pivot point at level 112.40