Technical Analysis 10-June-2019
The price was on the way to the channel toward to the upper line of channel, although hit the resistance and returned. We are currently expecting this back lower line of channel, which is 61.8 to 78.6 percent of previous moves until 1306.
The price on its way broken its upper line of pattern and is moving in a new channel. It is now struggling to resist and is falling. And it seems to be the bottom of the channel is plotted. Based on this, it is possible to start the upward movement by approaching the lower line of the channel, which coincides with the top of the previous pattern .
The price of the double-headed pattern has been shaped. Simultaneously, the floor of this pattern is adjacent to the pattern of the triangle in the weekly interval. We expect to return and the climb scenario from now on.
The price, as seen, has a divergence in the daily time frame and has returned from its bottom. This move is now scheduled on the channel. The best strategy is short on the floor and sales on the upper line of channel .
The price, as seen, has broken its trend line after a long time. We are currently expecting a rebounding price to move toward the trend line and collapse it after another collapse.
The price has formed a triple top pattern as seen in the daily time frame. After the formation of this pattern, a recurring pattern emerging on the channel is moving. We expect this bullish move to 0.6700 and 0.6770 .
The price in the channel is plotted moving toward the upper line of channel. Right now there is a resistance on it. If this resistance is broken, you can enter the long position.