as you see , price 3 times try to break resistance zone in 1.0930 but cant does it and also, price and AO indicator show divergence that if news of jOLTs and factory order show positive from forecast , the dollar will be strong and this analyze will be confirm.
other altenative is price break 1.0940 that we can expect other resistance 1.10 and 1.11
as you see chart is in down trend channel , and we complete abc correction wave in this channel and also last candle can't break the channel and return to channel with good volume , so i expect impulse wave to down
as you see its uptrend chart and i think it goes down to strong resistance area that support with weekly and daily support line and also has a fibonacci resistance in 4h Corrective trend line
this point is sensetive support point and because we are in daily up Trend and also in chart 1h we are in Up Trend and we see 5 Wave Impulse and 3 Wave Correction, i think it go Up again in next week and if Break 1.39 we should wait for 1.44 Level
if you have another Idea , Please let me know
we watch that channel is break and now after pullback to channel good time to sell
also in time frame 1h we see AB=CD with resistance Fibo 61.8 and clasic resistance and also if we count elliot wave we are in Wave B that show me Great position for sale
if you have idea I'm glad to hear that
last day trend break resistance and confirm wave 3 , so im waiting for pull back to this resistance and also complete wave 4 in fibo 100 expansion and fibo 50 retracement ,if price arrive to 1.4690 to 1.4700 its good time to buy
sl : 1.4685
TP: 1.4785
Tell me if you have good Idea about my analyse
i think this area is so power support , monthly support and fibonacci 61.8 & 100 and support from channel , where i think is good area for buying, Finally up to the number 1.2059 if & if Lose this level im waiting for 1.1920
