ferasammouri95

ferasammouri95

using Elliot wave analysis the pair finished wave 4 (IV) and started in fifth wave (V), the fifth wave (V) completed its first internal wave (1) and 2nd one retracted more than 78% fibo of first one the bottom of wave 4 (IV) at 0.059 is strong support area so i expected that the price will go up and complete the 2nd wave (2) correctly without break wave 4 (IV)

ferasammouri95 Updated 

i will wait the price to test the resistant level at 0.717 then if the price reject from that level i expect bearish momentum my stop loss is at 0.7202 my first target is 0.7106 the my 2nd target is 0.705

ferasammouri95 Updated 

the price tested the resistant level at (115.688) 3 times but it did not break it . if the price will break the upward trend line i will enter short position targeting (114.9) my stop loss will be slightly above the resistant level

ferasammouri95 Updated 

the price reach a strong support level . when the price give a bullish candle i will buy targeting 1.2716 then 1.2788

ferasammouri95

The price is now testing the upper bound of the ending diagonal, if it will close above it in 4H chart and break the resistant 1.183 i will buy with take profit at 1.1976 and stop loss at 1.1754

ferasammouri95

The price is now testing the upper bound of the downward channel, if it will close above it in 4H chart and break the resistant 0.74 i will buy with first take profit at 0.75 and second at 0.7617 with stop loss at 0.728

ferasammouri95

the price reached resistant area and expect to start going down to the support area at 0.6985

ferasammouri95

this triangle is forming in gold . its going to the support area at D then should reverse to the resistant area at E then start to going down and reach at least the beginning of the triangle at 1882.2 if you like this idea comment and support me

ferasammouri95

the price could still going up to 0.64600 which is already a strong resistant then the pattern will be completed and ready for sell at price around 0.635. my first target will be the point C at 0.5965. my second target will be the point B at 0.549