amirh1989

amirh1989

EU daily chart demonstrates a growth channel since march 2020. The candles bottoms got up. As you see the alternating behavior in this channel. I see this downward movement is not only a bearish trend but also is natural. Now the support zone 1.1875.1885 can play an elevation role for EU. So If this support breaks down, we lose this channel and face a deeper...

amirh1989

4H ichimoku cloud shows a short retracement inside the drawn channel. 1.1976 is a strong support for eurusd in this step. Mention that naturally you see reactions as the pair meets fibo levels and may lead to rebound the price. Furthermore Federal Reserve Chair Powell going to speak on rising yields incoming few hours later and the dollar index has the potential...

amirh1989

The chart is clear. Now we are placed on demand zone shown in the chart. It's not a safe area to open a long position. Be careful!

amirh1989

As I mentioned 1 day ago, short trading will continue its bearish trend to retest the upper channel by a suitable heavy support. The tp points specified in previous analysis were hit. Now in this time, i think a pullback to 1H cloud floor (at the right) will be happened. Then the price of Gold ounce/usd falls to the support zone (1815-1821). I drew the pattern of...

amirh1989 Updated 

As I trade with ichimoku, a highly resistant area is shown between 1978-1887 on 4H chart which called cloud resistance (Pressure) .For short trading, I most likely guess the candles going to fall around this zone and try a new retest on the upper channel. Therefore the drop may continue to green demand points respectively (1863,1855,1842). By considering the...