NizarRahalii

NizarRahalii

waiting for breakout neckline of the head and shoulder pattern on 1h time frame

NizarRahalii

short is the best position we can open after breakout the neckline of the head and shoulder pattern, any way the trend on daily time frame still down so we are in right direction till now and specially there is no sign or formation of reversal pattern, we can put a stop loss just above the right shoulder, GOOD LUCK

NizarRahalii

I see head and shoulders pattern .... what do you think ?

NizarRahalii

if we take a look at weekly time frame, we can see that the price touch the 50% fibonnaci level of the main down trend, so i think that the correction will end soon and the trend will be back again DOWN .... on daily time frame i notice a good divergence sign, that is mean that the up trend (correction) become weak and bulls got tired. SELL this currency is a very...

NizarRahalii

sell on the resistance channel

NizarRahalii

The price come to test the up trend line

NizarRahalii

as we can see, the price broke down the neckline of the Head and Shoulders pattern, i think sell this currency right now is very good idea to win at least 70 to 100 pips

NizarRahalii

as we can see on 1h time frame price is going to break down the neck line of the pattern Head and Shoulders, i think we can sell this currency to gain at least 70 pips or more

NizarRahalii

I see that the price rejected by the old support line witch will be resistance in the next period

NizarRahalii

main trend is Down , the price is on the channel resistance , divergence on MACD and RSI indicators open SELL position is very good opportunity for scalping

NizarRahalii

when the price broke the green triangle down , it come again up to retest support broken and turn it to resistance , now when we give a look at the red triangle we can see that it play like a resistance and support and we have to wait until the price decide in witch direction it will break the triangle

NizarRahalii

On daily time frame we can see a clearly pattern of head and shoulders with a breakout of the neckline

NizarRahalii

Price is out of the up channel and Support turned Resistance

NizarRahalii

Prise out of the up channel and Support turned to Resistance

NizarRahalii

a flag pattern formed after a down rally announced a correction move, but now the price breakout the pattern to go again and follow its main trend (down) , i think its a very good point to open sell position like a intraday trading

NizarRahalii

doji candle on the resistance channel line with a regular divergence on the MACD indicator, make us thinking about correction wave can occur in the next period especially when we know that this zone is a zone of 50% fibonacci on monthly time frame confirmation on daily or even 4h time frame by forming reversal pattern is a very good idea have a nice trade >>>

NizarRahalii

on weekly time frame we can notice that the trend is still UP , the price now is on both support zone (up channel & horizontal support zone). today is 30/08 , so the last candlestick closed by forming a PIN BAR

NizarRahalii

waiting for daily or even 4h time frame confirmation to short