there is a strong support zone and a harmonic reversal AB=CD pattern also forming The D point of reversal is falling in the support zone which means a reversal can be expected from there
there is a bearish divergence on the instrument which indicate a reversal to the down side. The sentiment for this pair is also 91 percent bearish on my forex books which is why its safe to say it will go down. Wait for lhs and lls to form and then take an entry.
its in an uptrend however a bullish divergence is observed along with a head and shoulders pattern. Hence, its safe to say that a reversal can be expected. Take entry on the break of higher low and place stoplooss slightly above the higher high.
its following a bearish trend however there is a bullish divergence along with the double bottom pattern. this means a potential reversal could be expected. However, the sentiment is 94 percent bearish on myfxbook
there is a bullish divergence and a small uptrend. The bearish trend may reverse now as the price is moving sideways which indicates that it is in the accumulation phase from here if price breaks the lower high it can go bullish so a good long entry.
its showing bearish tendencies a bearish divergence and a double top wait for this candle to close to confirm the double top. entry could be taken at neckline
An AB=CD bullish harmonic reversal pattern has formed along with a divergence. The dollar index is also declining currently which means we copuld see a reversal
