Price is on a bearish continuation pattern and almost at the resistance zone, but notice that I want price to take out the highs of the week and then sell to 138.800
Price formed the second leg of the W formation on Wednesday, and since then it has been bullish and now it has broken the previous resistant zone and use that same spot as support zone and buy to the 1.45930 zone.
We can see the W formation that formed yesterday and today and it broke the support zone and now rejecting to the trendline, which I expect to now go to the resistant zone and sell to the 0.86900 zone.
This is a long term trade as it's on the daily timeframe, and price broke the support zone and price has the higher chance of getting to the resistance zone and sell to 158.670 zone.
Price since the beginning of the week is forming a bearish flag continuation pattern, and we can signify that it mean, it will continue it's bullish trend, we can also spot a resistant zone that might break and support to go bullish to 1.45930 zone
EA was on a continuation pattern since Thursday, and went to test the OB of Thursday, and after that broke the recent lower high, so what's my expectation? my expectation is for price to come back to this support zone and go bullish since it's at a minor resistance zone.
Price might get to the support zone for bullish movement to the 18k zone, the is also imbalance at the spot left to fill before the bullish move
Price is at the support zone , and want to see price act on it and go bullish to the previous support that turn resistance @17.3800, or get higher to the 17.5200 zone then price might reject at that zone and sell to 17.05800 zone, but the zone I expect price to likely reject is the 17.3800 zone.
Price broke the support zone on 23RD of November and used same zone as a resistant zone which ended up forming a double bottom, and price went on to break the zone and formed the December highs which came back and gave a false breakout. My expectation for this pair is to test the support zone which will boost it's momentum to the highs of December, price analysis...
Price to break the now support zone and make it as a resistance, then price might head to the 32530 support zone and see how it reacts there, so for now, that will be the take profit zone while shorting.
As we can see price has it's last level to be done with the trend, and also a bullish wedge pattern that signifies continuation of trend, these two alone, is okay to confirm the bearish movement, so the next option now is to go to the lower timeframe and look for sell confirmations. NOT A FINANCIAL ADVICE.
Price broke out the resistance zone and it's heading to the support zone in which price has tested so many times, and price might head to the 140.780 zone, but note that the price zones listed on the short projector isn't valid as a limit order or stop order, but just to display where I want price to head to.
Price just started it bearish move which might react to the support zone below, before going to one of those resistance zones