m_nobakht_66

m_nobakht_66

omg ,if this is a symmetrical triangle , we will have another price low.

m_nobakht_66

it seems that the uptrend line is still stable and the price is supported at 0.38 fibonacci after pullback. we are also witnessing the formation of an uptrend pattern, all of which is likely to continue the uptrend.

m_nobakht_66

after completing this consolidation, we will see the continuation of the trend or the formation of a new trend.

m_nobakht_66

if this is a fake breakout and we see the formation of a double top pattern or some type of a candlestick pattern in the resistance area, the price can continue its downtrend.

m_nobakht_66

after the fake breakout in the h4 time frame ,we see the formation of a triangle pattern, which may be formed after the pattern breaking and major resistance of the uptrend.

m_nobakht_66

in this currency pair,we are witnessing both a broken trend lind and the formation of a head and shoulders pattern,which is likely to fall after the pullback.

m_nobakht_66

if the trend line is broken then we may see an uptrend.

m_nobakht_66

simple analysis based on trend line and supply and demand zone.

m_nobakht_66

simple analysis based on trend line and supply and demand zone.

m_nobakht_66

simple analysis based on trend line and supply and demand zone.

m_nobakht_66

according to this analysis we have two minor and major resistors ahead ,after which we will have a new high.