D1 Timeframe - 1.Reversal Pattern being created ( Diamond Tops)
2. 50% Fibonacci level tested, showing some resistance, nice to the bears
3. Impulsive wave getting finished , some correction to start?
H4 Timeframe - 1. Sellers are showing some good strong
2. Level 50 from Moving Average was...
1- H1 time-frame -> Exist always the possibility that the pair goes down, but i guess, as you can see from the info I put on the graphic, that trend can go bull from now
-Three white soldiers
-Guidelines respected at Moving Averages ( trend not below the 50 level)
2- We could watch the pair reaching a March 2017 Support Zone, i...
So, i'm not too confident on this one, but I will give it a try, below is my review about what I think, and the respective possibilities on this pair:
1- To start, and giving some attention to a higher time,H4 time frame, we could make a comparation between the last trend, and the one, that in my opinion is finishing now,(Impulsive wave) and the sellers were a...
- As we can see there is a strong move from the sellers on the pair, you see that with the strong candles at two different spots
- With that, the pair formed two Tops, defined at the first level of moving averages ( level 30 ),not trespassing the level 50, creating some resistence levels.
- We could see too that the moving averages are leveled, and parallel,...
So, my rules on this trade are based on 3 moving averages, 30,50,100, apllied to close, lets watch the trend, she is your friend, let's catch it.
As we can see on the rectangle defined on the graphic, the pair has two bottoms, and two tops, that make a good defined channel, I could see there too, that the buyers are strong( look to the candles, are well defined),...
As we could see on the graphic, there is a finished Head & Shoulders pattern, that coincide with the bottom, and resistence zone from the delined channel.
I guess there will be a bullish moment to the pair.
-Elliot Principle third wave continue ?
-RSI low level
-Struggling at the bottom of the channel
-Possible New Support Zone
-Hard day at the fundamental area,news (didnt do the homework at this area, only relying on technical analysis)
I guess we could have 2 different cenarios here, with the gann fan we can see that the pair is reaching the 2:1 level, with that, and as you can see with the ichimoku Hyo the pair already pass the bottom line from Senkou Span, and are struggling at the top line, are this a probably new support zone? we can see too that the candles are above the blue line( Kijun...
As you can see in the graph, the Elliot wave b could make the pair to go bull a little bit more, and then get down to finish the wave c.
To help me with this opinion I watch RSI too and see that him is struggling at more or less level 50, after get down from a higher level yesterday.
At the fib level, as you can see, the pair is now at a golden zone, let's what he...