UnknownUnicorn3397093

UnknownUnicorn3397093

Downtrend possibility. Short on 4H to complete the c wave of a zigzag

UnknownUnicorn3397093

Sell on 4H

UnknownUnicorn3397093

Short on 4H

UnknownUnicorn3397093

Sell on 4H

UnknownUnicorn3397093

We have two different analysis which have the sign of bearish movement. First we have a downtrend impulse wave which is about to create the 3rd wave. second, we have a bearish head and shoulder pattern with a clear neckline ( green line) if price can break the neckline the H&S signal will be confirmed.

UnknownUnicorn3397093

We have a leading diagonal in correction so it is the wave (a) of a zigzag. we also have a trend line ( green line) which has been broken and retested by price and start a downtrend. Target would probably be the 61.8% extension of wave (a).

UnknownUnicorn3397093

It is possible that wave b continue downward to reach to the next support line and then bounce up to complete the wave c, but if the trend line breaks it would be the sign of continuation for downtrend.

UnknownUnicorn3397093

We have a triangle on the lower line of the channel. Base on Elliot wave it is a bearish triangle and we assume price after breaking the lower line will fall to the 102.36 level.

UnknownUnicorn3397093

As it is demonstrated on the chart above the main trend is bearish but before that we probably have a upward movement to the 3819.5 level. Notice that there is a small chance which price rise to the 3971.0 level and reach the upper line of the channel and retrace 61.8% of wave ((i)).

UnknownUnicorn3397093

We have a bullish H&S pattern for this pair. Base on Elliot wave, it looks like a 2th wave of impulse which is already retraced 38.2% of wave one. If the neckline of H&S( yellow line) breaks we expect to have a bullish trend to the 147.00 level which is about 61.8% retracement.

UnknownUnicorn3397093

Bearish possibility for this trend is quite high but there is a resistance area from 0.025750 to 0.027900 ( Blue Line). it is possible that price go higher before fall.

UnknownUnicorn3397093

Price reached to the cross point between lower line of the channel and 1.14550 level as we mention it in the last analysis from this pair. Price has not gone throw the lower line and bounce up a little bit that could be sign of bullish. The next wave should be the c-wave of a flat and it is also a sign of a bullish trend.

UnknownUnicorn3397093 Updated 

Level of 1.16000 as an important resistance, seems a good opportunity to sell. We have a zigzag pattern to create the b-wave on the way down. we have a support level at 1.14550, this level is also 50% retracement of a-wave. Please remember to like if you are agreed with the idea. Thanks for your support.

UnknownUnicorn3397093

We have a correction which has been swing in a channel. It is possible that correction has been ended by wave (y) at 10.08 level. But if we look at the wave w ( green arrow) you will see that is a correction wave, and wave y ( blue arrow) has the structure of an zigzag. There is a possibility for lower line of channel to be broken down to the red trend line and...

UnknownUnicorn3397093

This pair has surprised many analysist by passing the 3851 level. As you might have seen on the web, about this pair for last a few days, you should notice that many traders thought the trend as a bullish one, as a b wave of a zig-zag. But if we consider the small wave ( the green arrow) we could consider it as a end of the a-wave and the next diagonal could be...

UnknownUnicorn3397093

We have a double combination with a zigzag as the y-wave. It also seems to be creating a descending wedge which is going to be Bullish after the e-wave of wedge is completed. Base on Elliott wave 2th wave can't retrace more than beginning of the 1st wave ( 0.25170) so I assume that we have a wedge with a uncompleted e-wave. we have another possible trend line (...

UnknownUnicorn3397093

Wave ((iv)) was completed on 10 January and we have been facing the wave ((v)) since then. Minimum size of the 5th-wave is 70% of 4th-wave ( in case of 5th-wave with failure).

UnknownUnicorn3397093

Short On 3H