Trendline support at the bottom.
Long till targets as shown.
ABCDE and channel support
It might be an expanded or simple flat before going up. Not enough buyers yet to drive up the price.
We are on top of a descending channel... never mind the small ascending channel in gray.
Will update if activated. For a trade this big we should play it safe.
This is only a corrective structure. Trade cautiously.
Last week I was bearish with this pair but I closed it before the weekend avoiding a loss. It seems that price has concluded the correction.
Bears are not yet slowing down. We are still in a correction and about to finish a triangle at point e as shown.
I think this'll finally get things moving on this pair.
I'm anticipating a triangle pattern for this pair.
We have a fibo extension in place for target.
I am hoping for a temporary retracement up before the market attempts to fill the gap.
See chart for targets.
trade with caution.
2 reasons to go short with minimal Stop Loss. Target 1 on chart.
starting impulse of a zigzag correction. Will update as triggered
Price action is bullish contrary to my previous analysis that it will go down after a temporary uptrend.
See link to related ideas below.
Trade with caution. Risky because I am long on top of an upper channel.
As a correction of a starting diagonal
see targets on chart after the abcd pattern.
towards Fibonacci zones