Jakh_FX

Jakh_FX

Expecting the price to break out from the triangle and retest the ATH of $1200 if $1065 supply area is successfully broken

Jakh_FX

The daily candle closed in green and appears to confirm the double bottom formation right on the convergence of two support lines - support trend line and psychological demand area at $155. Expecting with high probability to continue to follow the trend line and retest $162 zone.

Jakh_FX

The price plateaued on a daily support zone and is already giving strong trend reversal signs. Will the price retest ATH one more time or will it keep ranging between 275-285? Regardless, the price is in relatively good buy zone.

Jakh_FX

Last day's green close seems to confirm trend reversal. The price will probably spend time consolidating on a support zone before rallying to a $22 demand area. If break out is successful, the rally should continue to $30 demand zone.

Jakh_FX

Expecting the price to test $508 zone and drop even further to $490 and $484 demand areas, as the price is seemingly showing early trend reversal signs.

Jakh_FX

The price drop slowed down on a daily demand zone and we can expect a new rally from the current area to $814, $840 and $890 price points.

Jakh_FX

There are signs the price is bottoming out and appears to be forming a double bottom formation. Expecting the price to reverse from this demand zone and test previous zones of interest at $178. If the trend continues, we can expect the price to test the next zone at $188.

Jakh_FX

The price is forming a double bottom with higher lows just above the crucial demand zone. Expecting the price to test the first major supply zone of 1.0847. And if successful at breaking it, then the price should keep going up to the next supply zone of 1.09, which just happens to be at the upper limit of the descending channel the pair has been trading in.

Jakh_FX

The price landed on a support zone and appears to be slowly forming higher lows. Expecting the price to test the ATH area.

Jakh_FX

The price shows signs of bottoming out on crucial weekly support zone and appears to be forming higher highs from that point. Expecting a rally to at least $200 levels.

Jakh_FX

Expecting the price to rebounce from the support zone to $39 area. If the price can breach the supply area, nothing will be stopping it from testing $42 area.

Jakh_FX

After couple of rejections at a crucial $2000 zone, expecting the price to fall back to $1950-$1930 areas

Jakh_FX

The weekly price action is completing a double top formation and daily price confirmed bearish outlook with lower high. Expecting the price to drop to $440 area, and given that its weekly tf forming double top, price will probably go even lower to areas of support like around $410.

Jakh_FX

Looks like the price has settled on a daily support zone. After small consolidation on the support area, expect the price to break the last resistance zone and test $78.5 at the very least.

Jakh_FX

The price drop slowed down on an all time low demand zone. And as per the price action, it seems we might see a small trend reversal up to $70 area where the price will hit strong supply area. But if the price closes below $60, we will have to reconsider our entries.

Jakh_FX

Looks like black gold is headed south after completing bearish pennant. First demand zone isnt likely to hold the price and will probably drop it to the next demand zone. Let me know what you think.

Jakh_FX

Seems like price just completed the 5th wave just below the resistance area. And if thats the case then we will be seeing a continuation to A, B and C legs to fully complete this wave and start a new one.

Jakh_FX Updated 

The price established itself on a strong demand zone and seems like its going to make some gains up to $543,000 area. Upon reaching that area the price might break through the supply zone, in which case we can expect a rally to the last high of $566,000. Or else, the trend will reverse back to its current point.