HudaAli

HudaAli Updated 

On the daily chart: demand zone + A/D divergence + almost a hammer candle On the weekly chart: an inverted hammer + ADX gives a signal of weakening the downtrend

HudaAli

- Weekly Support - RSI oversold - Double Tops (Reversal Pattern)

HudaAli

- Supply area - Divergence on A/D - Overbought on RSI

HudaAli

Look for a confirmation signal for entry on lower time frames.

HudaAli

The price seems in its way to decline. I do expect two scenarios here regarding at what area it will fall: The price either retraces from the closest demand zone or it may go up further till the PRZ (D) forming a bearish cypher. To decide entry, there is a need for watching the price action in these areas.

HudaAli

The price is in a demand zone + at 50% Fiboo + close to the up trend line + forms a potential ABCD pattern. Entry point = 109.950 Target 1 = 112.000 Stop loss = 109.400 A reverse signal is needed!

HudaAli

Weekly Chart: The price is in a supply (resistance) zone. Over bought on RSI Daily Chart: A bearish bat is forming. Over bought on RSI Entry: Watch for a reversal signal in lower time frames. Take profits: At 38.2% and 61.8% fibo. Stoploss: Above supply zone / or X These are just my personal thoughts. All the best :)

HudaAli

A bearish bat is forming, Keep an eye on it!