mostly based on EW theory. Wyckoff reaccumulation, NeoWave and ichimoku are secondary supporters first highlighter at the left bottom of the chart is the beginning of the trend(neowave)
harmonic patterns, AB=CD, elliot abc(zigzag)
hello traders. To me there are two possibilities here. I expect an upmove to at around 1.45-1.50 at least which i highligted as the key point.
to this scenario buy at e wave or after the breakout of the red line
seems that price is going to consolidate for the 5th wave
completed impulse. fibonacci ratios fits. negative divergence and possible libra
i gave information on the chart. we should just watch at the moment
in the bigger picture price has completed a shark and butterfly patterns respectively. at the top in 1h TF there is probable libra pattern is forming. To my EW count wave A has been completed and now B is forming. So i expect a good short opportunity. good luck. Entry points are between 160-175 Tp levels are 112 and 89