In this currency pair, the decision point of the ascending leg has been engulfed and we expect the price to fall
A buy trigger from H4 long shadow and we have a Filip support level at 15 minutes timeframe.
A pivot is formed in the daily time frame and after returning to pivot, a downward movement is expected.
We expect the price to move upwards from the origin of the ascending log movement. I set a two-part position with a limit.
Along the downward movement, this currency pair has engulfed the decision point of the previous bullish leg and we expect it to start its downward movement from the origin of move .
The price has completed an Elliott wave cycle and the first wave has been formed from the third. Now it is forming wave c of 2, which will probably fall to around 1.6147 and from there, it will take its upward movement to at least 1 or A ceiling.
Firstly, the price has engulfed the Demand level of the 6-monthly time frame and we expect it to continue its downward movement from a higher level. Secondly, in the above of chart we have a monthly Phillip Supply level, within which a weekly bearish gap can be seen. Currently, the price has started an upward spike movement in the weekly time frame and after...
The big banks are 100% sellers on the pound dollar. And yesterday's upward movement was to collect the main orders, and today we will definitely see a downward movement in the pound.
After the engolf of the decision point of the bearish leg, the price moves towards the origin of the engolfing log movement and from there it continues its upward movement until steps four and five.
The price has engulfed the hidden gap of the spike of daily timeframe. it would be bearish and reach to the forth step
After entering the support level, the price has reached the supply level and we expect a downward movement.
The price is falling towards the origin of the movement and from there we expect the start of an upward rally.
The price is now moving toward demand area and we expect a bullish movement from there.
In the support range, we expect an upward movement of gold
With the formation of a three-drive pattern, we expect a price drop
The price will increase in response to the demand level. After hitting the target of first part of the long position, I will break even the second part.
Yesterday, gold hit the support level with a liquidity bar candle and then engulfed the LQ bar. Now I am waiting for the price to reach the origin of the LQ bar and take a a two-part buy position from there.
I am preparing to go long because of a double bottom pattern