hamedjafari3286

hamedjafari3286

Guide: Purple = monthly trends Yellow = weekly trends and SR Blue = Daily trends and SR Green = 4-hour trends and SR - the trend is apparently bearish. it is below Ichimuko clouds, Lagging line is far from candles, which can prove the strength of the bearish trend. - the last candle was able to break through a very strong "monthly" trend line. - this bearish...

hamedjafari3286

** Guide: - Yellow = represents "weekly" time frame - Blue = represents "daily" time frame - Green = represents "4-hour" time frame After hitting and bouncing down the weekly resistance, it seems the trend in this spot is more bearish. However, there are two scenarios: - The 1st scenario, which is bearish happens is the breaks through the weekly (yellow) trend...

hamedjafari3286

1. Weekly = it seems it has a rising trend after breaking up the weekly downward trend. 2. Daily = Having an upward trend in its correctional wave, it has reached the 0.5 Fibo and seems it is going to start an upward trend again. (Scenario 2) 3. 4h, 1h, and 30 min = in these time frames the trend is more bearish though candles are below Kumo (cloud) (Scenario 2)

hamedjafari3286

There is nothing on its way. How far do you think it can go?

hamedjafari3286

The most probable scenario is a LONG up to the "flag" sign. After that, depending on its reaction to its Monthly resistance, we can decide what to do next.

hamedjafari3286

I believe the 1st scenario is more likely to happen

hamedjafari3286

Scenario 1 (short) = being rising for over a year, buyers have recently got weaker, they have so far tried several times to go beyond the 1.39985 resisting prices, but each time sellers have managed to keep the price below that. Accordingly, the first scenario is for "Sellers" to gain more power and bring the price lower than "resisting" lines. Scenario 2 (range...

hamedjafari3286

Being upward for such a long time, AUDUSD has not been able to go higher than its resistance line, which means it can be ready for a downward trend

hamedjafari3286

Forming a triangle, it seems Euro is trying to overtake GBP!!

hamedjafari3286

Plummeting due to fundamental news, it seems Euro will continue its upward trend after a short rest

hamedjafari3286

we all need to wait and see

hamedjafari3286

After correcting itself in multi time frames, it seems it can go even higher

hamedjafari3286

I guess the long scenario seems more probable than the short one

hamedjafari3286 Updated 

as it has hit the bottom of a bullish channel, it is trying to go even higher.

hamedjafari3286

Reaching the bottom, is it willing to go up?

hamedjafari3286

forming a flag, now it may want to go higher again

hamedjafari3286

After some rest, may it rise again

hamedjafari3286

It seems after forming a flag in the Daily chart, it is ready to go up a little bit