🔸 4H CHART EXPLANATION: . 🔸 Price bounced at the Descending Trendline. . 🔸 Now, it is facing the Support Zone. . 🔸 If the Support Zone is broken to the Downside, then there is potential for a bearish move towards the Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup if the zone is broken. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . 🔸 Price broke the Descending Trendline and made a strong upside move. . 🔸 Now, it is facing the Resistance Zone. . 🔸 We are waiting for a definition here. If price breaks to the upside, then the target would be the Descending Trendline, and, if price bounces, then the target zone is the Support Zone. . 🔸 Will look for a lower timeframe...
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price made a bullish move the last weeks. . 🔸 Now, it is facing the broken Ascending Trendline. . 🔸 We consider that it has potential to be rejected here, and make a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price was rejected at the pullback to the broken trendline. . 🔸 Now, it is facing the Support Zone. . 🔸 We consider that if price breaks this zone, then it has potential to reach the next Support Zone at 0.9200. . 🔸 Will look for a lower timeframe bearish setup. 🔸 4H CHART ANALYSIS:
Main items we can see on the chart: a) The price found a Huge support zone, and a reversal happened(check the Weekly Chart) b) Currently, the price is on our previous Bullish Weekly target c) Now we can see the price against a descending trendline d) Before any new bullish movement, we will expect a correction on the current level e) If that...
Main items we can see on the chart a) The price has moved in a huge impulse movement b) Since that we didn't have any significant correction of the whole impulse c) Based on the Numerous zones the price has been braking, now we are looking for a consolidation d) The consolidation should correct the whole impulse since the Bottom in April e) An...
Main items we can see on the chart: a) The Descending Trendline has been broken b) We see two corrective Structures also broken in the inner zone of the previous Trend c) Our Bullish Target is the next resistance zone at 1.28000 d) Consider the idea that corrections may come in the process towards the target Daily Chart:
Main items we can see on the chart: A) The price is retesting a major Support Resistance zone B) We have 3 clear corrective Structures above the support zone C) We can see an Ascending channel and currently, the price is on the lower zone D) If the price doesn’t break the ascending channel and the support zone, we expect a continuation of the...
Main items we can see on the chart: a) The price has reached a major resistance zone b) We can see 4 situations in the past in which the price rejected the zone with 3 to 4 weekly candlesticks c) LONG SCENARIO: After that, we should expect a bullish movement towards the next resistance zone at 13.500 d) SHORT SCENARIO: If the price keeps falling after the...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price made a strong upside move that broke the Descending Trendline. . 🔸 At this level it can bounce and make a corrective move towards the 0.85500 Zone. . 🔸 If the level can not hold the price, then the bullish impulse could continue towards the Weekly Descending Trendline. . 🔸 Will look for a lower timeframe setup. 🔸4H CHART...
🔸 4H CHART EXPLANATION: . . 🔸 Price made an upside move. . 🔸 It is moving on an Ascending Channel, and now it is facing the confluence zone between the Resistance Zone and the upper trendline of the channel. . 🔸 We consider that it has potential to make a corrective move to the downside before another bullish impulse. . 🔸 Will look for a lower timeframe setup....
Main items we can see on the chart: a) The price is on a well-tested support zone b) The price has broken the descending trendline c) We want to see a clear impulse outside the previous descending trendline + a 10-12 days correction d) The reason we have decided that filter is because we observed similar behavior on the Weekly Chart in previous...
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Support Zone. . 🔸 In a lower timeframe, the Descending Trendline of the previous bearish impulse has been broken. . 🔸 We consider that it has potential to reach the Descending Trendline. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline after bouncing at a Daily Resistance. . 🔸 We consider it has potential to make a downside move towards the Support Zone at 0.8700. . 🔸 On a lower timeframe, there is a clear consolidation/corrective move. . 🔸 Will take a short trade based on that corrective pattern. 🔸 DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price faced a major resistance zone two days ago b) In the same way, it happened in September - October 2019 c) From current levels, we expect a retest of the next support zone d) After the correction is finished, we will be able to discern what comes next, New bearish movement or reversal.
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸 It is moving on a Descending Channel. . 🔸 The bullish move is about to face the Descending Trendline, so, we consider two options here. In case that price breaks the zone, then it has potential to make a pullback to the broken Ascending Trendline, and, if price bounces at the zone, then...
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Descending Wedge. . 🔸 It has been moving sideways for the last weeks, with no clear direction. . 🔸 Right now it has broken the structure, and it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe Bullish Setup. 🔸 DAILY CHART ANALYSIS:
Main items we can see on the Daily Chart: a) The Flag Pattern has been broken b) We saw a correction in the Edge of the Flag Pattern, and the price is above it c) Based on a technical Perspective our Macro Target should be a Fibonacci Extension of the previous Impulse (3200-13700) d) However, a First Target for the expected movement can be the resistance...