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behzad_bzd Updated 

According to the formed return pattern, we can take a short position at this point

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Hi everyone Since the price in the high timeframe has an uptrend, we can correct the recent downturn and trade in the uptrend.

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One possible uptrend for the pound is the formation of a diamond pattern. . If this pattern is formed and the initial reaction is appropriate, we can make a long position

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The price has reached the demand zone in high time frame. . After hunting the previous support, showed a good reaction. . We expect the price to rise in the coming weeks.

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Hi everyone Nzdusd is expected to lower its price in the area and start a big uptrend. In this scenario, the market can follow the Diamond logo, which is a return pattern.

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The price is on an important support and has a good initial reaction to this level. . Assuming the trend is upward, we can buy a position at the end of possible corrections.

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The price has reached the weekly zone and is expected to reach the high zone. In case of possible correction, we can make a purchase transaction on one of the specified areas.

behzad_bzd Updated 

The Dow Jones Industrial Average could experience a further decline due to a good daily candle that is closed.

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The price in the daily time frame, at the same time as reaching the bottom of the channel, has formed the pattern AB = CD. . In the coming weeks, the view of climbing on this currency pair seems to be a more appropriate view.

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The price has reached an important resistance in the weekly time frame, which is known as FTR in RTM style. . With the price reaching this FTR, the price at the end of the week was able to form a weekly candlestick with a high uptrend, which is towards uptrend. . Within four hours, in case of possible correction, we can make a purchase transaction.

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If we do not consider the descent scenario from this point, we can choose one of the specified scenarios for growth, according to the movement arrangement of the price reaching the levels.

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After breaking the trend line, the price was able to reach the price target and take on a clearing arrangement. . By looking at the appropriate return pattern in the context below, we can think of a buy transaction with a specified purpose.

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Price can model one of the scenarios. Personally, I find the downturn scenario more likely

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We see an Elliott structure. We take a long position within the specified demand zone.

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The pair can react to one of the specified levels to continue the upward movement.

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I think eurusd can move according to one of these two scenarios. I consider the bear scenario to be stronger.

behzad_bzd Updated 

The price in an uptrend, in its last attempt failed to record a new high, and this could be a warning for the return of the trend. At the moment, the price seems to be forming a diamond pattern which is a return pattern. If our guess is that the trend is not bullish, we can think of a short trade in the area identified in the recent downtrend with the main support in mind.

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After completing the pattern of 3 drives , the price break out of compression and was able to record new high. We can enter in this correction.