SINCE PRICE IS AT RESISTANCE AFTER RETRACING ITS IMPULSE TO THE 78.8% I WOULD EXPECT PRICE TO MAKE ANOTHER MOVE TO THE DOWNSIDE BACK TOWARDS THE 145.800 LEVEL.
ON HIGHER TIME FRAME FROM THAT AREA WE COULD SEE A MOVE UPWARDS TO COMPLETE THE 5TH WAVE OF THE HIGHER TIME FRAME IMPULSE
SINCE PRICE IS IN A DOWNWARD CHANNEL; YET CURRENTLY ABOVE SUPPORT AFTER CREATING AN IMPULSIVE MOVE AFTER A BREAKOUT OF A CORRECTION ON LOWER TIME FRAME,
I WOULD EXPECT THE CURRENT IMPULSE TO CORRECT ITSELF BEFORE ANOTHER UPWARDS MOVE TOWARDS THE NEXT RESISTANCE AREA AT 1.5300 WHICH WOULD BE RESPECTING THE DESCENDING CHANNEL LINE, AND FROM THERE SEE A POSSIBLE...
SINCE PRICE HAS MADE A HIGHER HIGH AND HIGHER LOW WE CAN EXPECT S MOVE TO THE UPSIDE
PRICE IS CURRENTLY FORMING HIGHER LOWS ON LOWER TIME FRAME AS IT IS MAKING A RISING WEDGE PATTERN INDICATING THAT THERE IS BUYING PRESSURE. I EXPECT PRICE TO BREAEK OUT OF THE RISING WEDGE TO MOVE TOWARDS THE 81.300 AREA
1. PRICE HAS BEEN IN A HIGHER TIMFRAME DOWN TREND
2. PRICE IS CURRENTLY CORRECTING AND RESPECTING THE ASCENDING TREND LINE
3.PRICE HAS MADE A DOUBLE TOP ON LOWER TIME FRAME AT THE 0.8800
THEREFORE I WOULD EXPECT PRICE TO EITHER MAKE ANOTHER MOVE DOWNWARDS TOWARDS THE 0.87200 AREA OR FOR PRICE TO REMAIN ABOVE THE CURRENT SUPPORT TO CONTINUE ITS CORRECTION TOWARDS...
1. PRICE IS IN A DOWN TREND
2. PRICE IS CURRENTLY CORRECTING INDICATING A CONTINUATION OF THE DOWNWARD IMPULSE
3.PRICE HAS MADE A NEW LOW AND A LOWER HIGH BACK INTO RECENT RESISTANCE
- ID EXPECT PRICE TO BREAK OUT OF THE CORRECTION TO CONTINUE THE DOWNWARD MOVE TOWARDS THE 1.2900 AREA OF SUPPORT
Since we are in a down trend, we have a double bottom on lower timeframe, therefore i could expect a push up towards the 86.500 area before continuing downwards
1. PRICE HAS BEEN IN AN UP TREND RESPECTING ITS CHANNEL
2. PRICE HAD REACHED A RESISTANCE AREA OF 1.87500 AREA AND FALLEN TO SUPPORT AT THE 1.83400 LEVEL AFTER SHOWING A CORRECTION/ EXHAUSTION
3. IF PRICE DOES PUSH FURTHER THE NEXT SUPPLY/ SUPPORT LEVEL IS THE 1.8200 AREA WHERE FROM THESE TWO AREAS I WOULD EXPECT PRICE TO CONTINUE ITS UPWARD MOVE
1.price has been in an down trend
2. price has reached a supply/ support level
3. previous monthly candle showing indecision in this area and current month showing a lot of buying pressure out of this area
4. since price is above a support level on lower time frame i would expect price to push towards the 0.66400 level 9 in the range of the 78.6% fib extension of...
Since Euraud has been in an up trend, hit resistance 1.63500 level and moved to support i think its possible to range within this area, yet on lower time frame theres been an impulse after price corrected itself to the 78.6% of the bullish move off of the support(bullish bat pattern with a C point not passing the A point and a B point of 0.50% and D point 0.80%),...
Price is currently back a support level. since price is at a support level we could see price push back towards resistance and from there see a potential break to the upside or a continuation of the current downward trend
Price on a higher time frame has broken out of structure to make a higher high. Price has broken back below the descending trend line to a support level.
From where price is currently we could either see a continuation of the downward move or a break of the lower time frame descending trend line for a push up towards the 131.00 area where we could see a head and...
Price has made a new low after heavy consolidation. We can expect price to push lower at current price since price is flagging on lower time frame. If H1 continues to show rejection then we can expect the move downwards, if price does decide to continue to push higher we can expect it to move towards the
147.000 area before continuation of the downward move
Since price has broken out of a higher time frame ABC correction, we can be expecting a longer term move upwards.
On lower time frame, price has made an impulse upwards back into an area of resistance. Since price has made an inverse head and shoulders we could see a retrace towards the 1.3000 level before a move upwards and out of our descending channel and a...
Since AUDUSD has been in a down trend and created a lower low, we ca expect price to continue the down trend or at least re test the low. Since price has made a bullish reversal on daily time frame we can expect price to push higher towards the descending trend line, which would be respecting the 0.7200 level before a continuation downwards
Since this pair has given us a lower low, lower high, we have currently broken below support, we can expect a pullback into the 1.3600 area before moving towards the 1.29300 area
Since the dollar is currently strengthening and on H4 price has not made a lower low, but we have a higher high, we can expect price to continue its upward trend. With the current push downward on the lower time, it is possible to be a retest of the same support level which has been rejected multiple of times already as being seen as an inverse head and shoulders
Since price has reached the 1.4500 level of support, we will wait to see if the daily close indicates a continuation of bearish momentum, which at the moment is likely seeing that the dollar index is showing signs of gaining strength implying that the EURO will weaken.If price pushes past this level we can expect a pullback after price has reached the 1.400 even...
