skydansh

skydansh

EDUCATIONAL DESCRIPTION: we can clearly see a triangular pattern marked in purple on the chart, which formed by the two important uptrend (lime line) and downtrend (red line). we all know that a triangular pattern could be the reason for a sharp up or downtrend. this is because the high energy compressed at the end of the vertex of the triangle. it is very...

skydansh Updated 

every thing clear on the chart. take the confirmation for entry from H4 time frame zone.

skydansh

The chart is moving between a long term weekly channel (red channel) and it is getting close to the upper side of the channel. on the other hand, It seems that the mission of the triangular channel (yellow one) is to direct the price up to the top edge of the weekly channel. so , the price is expected to hit the bottom edge of the yellow channel, dance there for a...

skydansh

if the price breaks the red line as a support zone, then pullback and retest the zone, the idea will be failed. so then it would be time to get into a short position.

skydansh

Evidence shows that the theory of price increases is still valid. in the previous set up we said that the price is at the point under high pressure at the end of a complete triangle pattern which will lead to an increase in price. now she get out of the zone, but it is smoothly touching the outer surface of the red channel after a very important break out....

skydansh

as we said before, we are already at the end of the handle of the pattern CUP & HANDLE. considering the triangle pattern that recently got complete, we can expect 3 similar possibilities with the same aim, reaching higher price, marked on the chart. as always, this is just an idea.

skydansh

after a perfect triangle pattern that is aligned with strong support, she seems to want to get up and start to dance. be aware that this is just an idea and everything can be happened guys.

skydansh

the price is in a significant intersection: 1. it is clear that the chart is testing the lower line of the weekly channel since July 2016. 2. the dark black line is 61.8 FIB EXP of the wave ABC. 3. the gray zone which is a strong resistance zone (expand it to the past to see it). 4. the important green zone (rotated rectangle). conclusion: 1.putting them together...

skydansh

the price clearly touched the monthly, weekly and daily important zone which is marked by the blue line(weekly). on the daily time frame we can see a yellow triangle zone that is formed based on 2 important downward trend lines (green and magenta lines). So, among all the theories of the prices future movement, two of them came to my mind. 1st: the price can...

skydansh

1. the uptrend line (red one) is broken and the chart now is touching it as resistance line. 2. the dark blue line was acting as a support so far but this line is broken too and being tested by the chart. 3. in order to understand the importance of the black zone, take a look at the daily time frame. >>> these 3 important are facing each other at the same point...

skydansh

An important support is getting touched by the chart. considering the formation of the HH & HL, it can be expected to have a rise on this pair.

skydansh

break the uptrend line (red line) and retest it. price is reacting to a very strong resistance zone. short with a good risk to reward ratio is expected.

skydansh

the pattern cup & handle in daily time frame is clear and usually after this pattern we should have a reversal trend which in this case is uptrend. but for now, we are in the channel of the candle's cup. we can see that recently the price has tested the upper line of the channel which is aligned with the black zone and it reinforces our idea to get into a short...

skydansh Updated 

keep ur eyes here

skydansh

Recently the chart has passed a significant resistance zone (pink one), motivated by the previous resistance zone at the point O, which after getting rid of the triangle pattern, is a good sign to have an uptrend. so putting them together, we should expect the chart pullback to the pink zone, bounce there for a while, and then jump up.

skydansh

we said in the previous analysis that the price tested the monthly downtrend According which, we should expect to have a downward trend. in that analysis, we also said that we have a strong zone on way WHICH SHOULD BE WORK BUT DIDNT. now we have another zone (black zone) that is able to react strongly, Aiming to create a head and shoulder pattern. so we should...

skydansh

recently, the chart has touched the downtrend line(red line) for the 3rd time. so we should expected to have a Prolonged descent of the chart. on the other hand by looking at daily time frame it would be figured out that a very strong support zone is on the way which is far from expected not to be activated. secondly, the chart has tested the blue line which is...

skydansh Updated 

for this pair we have two possibilities, one of which is more probable. the red line is the downtrend line, started from 5.jan.18. now we are close to the trend line and this is aligned with the resistance zone (black zone). considering the continuational triangle pattern , we can expect to have an uptrend to the next resistance zone (the blue zone) around 84.600....