


OsamaAbouzeid
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Potential reverse at that zone due to :- 1- Valid flag pattern 2-Valid structure level 3-Fib retracement 0.5 for AB_leg and 1.27 extension for CB_leg
Potential Short opportunity due to what is mentioned in the chart .
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Potential bearish 2.618 set up , which will be good entry for long term position as what i was expecting in previous published idea for the gold.
After breaking the ascending channel to down and the price failed to make higher high higher close level , which potentially indicate we will expect to see bearish trend , having said that we can see now a descending channel become clear and the trend keep doing lower low lower close , so expected bullish move at the mentioned zone up to the upper descending...
Potential bullish action if the trend hit the decision zone due to these two resons :- *First Technically :- 1- Valid Three drives pattern. 2- Valid structure zone . 3- 0.50 fib retracement for AB leg 4- Valid channel pattern. *Second Fundamentally :- Monetary Policy issued by ECB since 2 week regarding the economy stimulation by delivering more than...
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Potential rally at this zone due to :- 1- 0.382 Fibs retracement for _BA leg 2- 0.618 Fibs retracement for _CA,DA legs 3- valid structure level. 4-valid channel pattern 5- RSI oversold
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2.618 setup completion !
Potential revers at 1.127 due to the followings :- 1- Valid butterfly pattern. 2-valid structure level 3-0.764 fibs retarcement for AB leg. 4-1.414 fibs extension for BC leg. 5-RSI overbought
Potential reverse at this zone due to :- 1- completion of Three drives pattern. 2-completion of ABCD pattern. 3-completion of butterfly pattern. 4-valid structure level.