In the EURUSD chart, considering that the price has reached an important resistance, the probability of the fifth Elliott wave due to the diver sex and the behavior of the oscillators, the formation of the CP drive pattern in the h4 .
ENTER @ 1.003
SL: 1.0100
TP 1: 0.9930
TP 2: 0.9800
The price is reasonable in the PRZ area
The price has hit its downward dynamic line and static resistance, and the probability of ending the previous 5 ascending wave in the form of work
Thank you for your comments
Valid monthly support, divergence on weekly time frames, 4 hours, 1 hour, 30 minutes, 15 minutes, minor canal floor, and Rivard at good risk for long position...
Thank you for your comment on this.
Be successful and profitable.
Given the mid-level, the negative divergence in the daily, four-hour, one-and-a-half-hour timeframes can probably be expected to be a slight correction.
This chart has reached a daily dynamic and static resistance, the power of the last drop in the parallel channel (impulse) compared to the last ascent in the parallel channel (function) and the possibility of forming 5 waves due to the momentum weakness of the upward movement forming a pattern at the end of the chart. Is a diagonal triangle.
Rivard to risk ratio...
The price is at a support level in the weekly time frame and there is a possibility of breaking this level due to the strong drop momentum, while the head and shoulder shape pattern is at the major level and has high credibility.
Be successful and profitable
Given the price reaching a significant resistance in the form of a possible five-Elliott wave in the weekly time frame, and the possibility of negative diversion, if this level of resistance is not broken, the possibility of correction in the form of five waves. While the bitcoin function seems to have formed wave A and B, we are waiting for wave C (5-3-5)
If this...
Due to the downward trend of the mother and the weakness of the upward trend of the previous minor, which is probably a wave of function, if it does not rise further by the specified time, the price can decline to the specified targets.
