anaju17

anaju17

I can see it downtrending and i hope for it to follow the pattern shown on the image

anaju17

EURUSD 22 JAN 2024 The markets shows a strong downtrend, but it might change at any moment, so lets wait for it to confirm the entry by touching the lines marked.

anaju17

The price right now its in a zone that has been previously using as a roof and then twice as a floor, im hoping for the price to do a third touch and go back up

anaju17

lets wait for the price to confirm an entry, this is because the price right now its at a very important zone or a zone in which it likes to fluctuate , so lets wait for the best entry.

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the price seems to have fallen to trying to reach the lower monthly support , but now if u notice, the price is using a support a zone that has used before as a resistance line and to then reach the monthly support zone.

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EURUSD seems to be coming back to an important support zone and also the trend line, after that i expect the price to go back up crossing the trend lines and reaching the higher resistance zone near 1.06326

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AUDUSD seems to be heading towards an important support zone and also near the trend line around 0.68839 and as per his behaviour it should go back up and at least be able to reach the first resistance zone and trend line near 0.69319 and hopefully higher to reach 0.69571.

anaju17

GBPUSD has a strong support zone around the price 1.21345, so i believe the price will go down a little more to then go back up to reach the monthly resistance zone around 1.32378

anaju17

EURUSD is moving up right now, lets hope it continues its way up.

anaju17

the price seems to respect this area and uses it as a floor to regain strength to continue moving

anaju17

The price seems to be respecting the trend line and even thought it breaks it , the price comes back inside of it and continues its way with the trend, so hopefully this time will behave the same way, so lets wait for the break

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It looks like the price will try to reach the zone near 1.07778 and then go back up but it might make a fake break and then make the real move

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I believe the price will go down touch the lower level near 1.12950 and then make its way back up to touch the level near 1.3850.

anaju17

the price seems to respect this purple zone and play around it. therefore I believe the price will go back down touch this line or get near it and go back up.

anaju17

price seems to be playing between this channel and also its touching the dotted trend line and it might touch the lower dotted line to gain strength and go back up!

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so the price didn't reach the line 2 but it did touch line 1 and make the movement on the upside as I was expecting, right now let see if we can make an entry on the lower trend line with profits on the upper trend line.

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Im hoping for the price to go back down and touch the purple zone before making it all the way to the top, otherwise the price will break my zone (current level) and make the movement to the way up near level 1.16. Lets see how it goes!

anaju17

In a smaller time frame, we can see this mini trend line where the price continues to go up and down. that's why I feel the price will make a false break to the down side only to go back up and reach the upper line