Reasons for sell : - Price Action Candle on Daily Time Frame -A bounce from the 50 moving average line
The currency is now in the buying phase, there is a price action candle rebounding from the 50 Fibonacci level and the 50 moving average line and rebounding from the order block area.
Now the price will head down after breaking the ascending trend line strongly and retesting the yellow zone
The time to buy is after the breakout of the downtrend line and we will wait for a retest of the uptrend line to buy
We will wait for the price to reach the resistance area and the 60 Fibonacci level to sell again
We will wait for the decline and touch the golden Fibonacci area, the high volume, and the ascending trend line to buy with a first goal, as shown in the picture, and a second, distant goal.
As is clear on the chart, there is a penny harmonic pattern at a display area, and also on the Relative Strength Index there is a regular divergence. With the market opening we will enter direct selling
We may see this scenario and a rebound from the rising trend line and the resistance area, but it is better to follow the small time frames as well to confirm the purchase.
If the price falls to the specified area, we can buy again
The rising trend line and resistance level have been broken, and we will wait for a candle to close below the level to confirm the sale
The rising trend line and resistance area have been broken, and the price is expected to head further down
We will wait for the price to reach the high volume area and the 60 Fibonacci level and bounce from the ascending trend line to buy.
We will wait for the area to be breached and sell again as shown on the chart
The ascending trend line was breached on the weekly time frame. Now we will wait for the retest of the area on the daily time frame and a bounce from the 50% Fibonacci level for sale.
The Dow Jones is trading in a downward direction, approaching a demand area, and upon arrival, the harmonic (penny) pattern will be completed, and we will open a buy deal upon the appearance of a Price Action candle.
Oil analysis on the hourly time frame. Oil is trading in an upward trend, and we are waiting for oil to retest the rising trend line and the demand zone.
The expected scenario for the AUD / CAD pair , we wait for the Price Action candle to buy After the pair arrives at the specified area
Dow Jones quarter hour frame analysis, Harmonic penny pattern is near a buy order zone