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Thread: Fbs

  1. #371
    pedagoreng is offline Senior Member
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    The market has been declining since the last 'Doji' was formed. There's no any reversal pattern so far, which means the price is likely going to test the next support area within the next few hours.



    There's a bearish 'High Wave', so we've got a new local low. So, the pair is likely going to test the lower 'Window', which could be a departure point for an upward correction.

  2. #372
    pedagoreng is offline Senior Member
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    There's a 'Shooting Star', so the pair is likely going to test the 34 Moving Average. A pullback from this line could be a starting point for another bullish rally in the direction of the upper 'Window'.



    There're a 'High Wave' and a 'Harami' patterns, so we're likely going to have a bearish correction in the coming hours. The main target is the 89 Moving Average, which could act as support.

  3. #373
    pedagoreng is offline Senior Member
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    The last bullish 'Harami' hasn't been confirmed because of the bearish 'Three Methods' pattern. However, the price is likely going to test the upper 'Window', which could be a departure point for another decline.


    There's a bearish 'High Wave' pattern, so the price is likely going to reach the lower 'Window' within the next few hours. If a pullback from this level forms afterwards, there'll be an opportunity to have an upward correction.

  4. #374
    pedagoreng is offline Senior Member
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    The price is still rising because of the last 'Three Methods'. At the same time, if any bearish pattern forms next, there'll be time for a downward correction.



    The pair reached the upper 'Window', but there's still no any reversal pattern so far. In this case, the market is likely going to test the next resistance soon.

  5. #375
    pedagoreng is offline Senior Member
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    There's a bearish 'Three Methods', so the market is likely going to test the nearest support area. Meanwhile, if any bullish pattern forms little later on, there'll be a moment for an upward correction.



    We've got a bearish 'High Wave', which has been formed under the Moving Averages. So, we should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for a bullish correction.

  6. #376
    pedagoreng is offline Senior Member
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    The last 'Three Methods' pattern led to the current bullish rally. There's no any reversal pattern so far, which means the market could continue moving up. At the same time, a bearish correction is right around the corner.



    There's an 'Inverted Hammer', so the price is rising. It's likely that the market is going to test the nearest resistance area, which could be a departure point for a downward correction.

  7. #377
    pedagoreng is offline Senior Member
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    The main trend is still bearish, but there's a bullish 'Thorn', so the market is likely going to test the nearest resistance at 1.1895. A pullback from this level could be a departure point for another decline towards the last low.



    There's a confirmed 'Triple Bottom', so the price is rising. However, there's an opportunity to have a local downward correction. In this case, if a pullback from the closest support at 1.1779 happens in the coming hours, there'll be a moment for a bullish price movement.

  8. #378
    pedagoreng is offline Senior Member
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    There's a 'V-Bottom', so the pair is likely going to test the nearest resistance area at 1.3549 - 1.3568. A pullback from these levels could be a starting point for another decline in the direction of the next support at 1.3419 -1.3380.



    The last bullish 'Pennant' has been broken, so the price is rising. However, the 55 Moving Average acted as resistance. Therefore, we're going to have a bearish correction towards the closest support at 1.3419. If a pullback from this level happens next, bulls will probably try to reach another resistance at 1.3527 - 1.3568.

  9. #379
    pedagoreng is offline Senior Member
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    There's a bullish 'High Wave', so we're likely going to have an upward correction in the short term. Even so, bears will probably try to deliver another decline little later on.



    We've got a bearish 'Harami', so the market is going to reach the lower 'Window' within the next few hours. A pullback from this level could be a departure point for a bullish correction.

  10. #380
    pedagoreng is offline Senior Member
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    There's an 'Engulfing', which has been formed on the 89 Moving Average. So, we're going to have a bullish correction in the coming hours. Nevertheless, there's an opportunity to see another decline afterwards.



    We've got a bullish 'Hammer', so the price is likely going to test the 34 Moving Average shortly. A pullback from this line could be a starting point for another decline towards the next support area.

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