TaherJalili

TaherJalili

Looks like $ETH wants to take the expressway to $600

TaherJalili

After forming a lower high, price has moved into test the daily chart support level. This level looks crucial in this pair because whilst it has held strongly in recent times, it could soon break for price to make a move lower. From here it would not surprise to see price make a small bounce from the support level before making another attempt at breaking...

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Price has now formed a series of higher lows in this pair. Whilst price is still in an overall range, the short-term momentum is higher. Price has now moved lower and is looking to push into the near term support level. This level could be a solid level to look for potential long trades. The other potential trading opportunity is looking for price to breakout...

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Price has now moved into a daily range pattern. As the daily chart shows, price has rejected the same support and resistance levels on multiple occasions. Whilst these levels continue to hold we can keep looking for range trades. These types of trades would include long trades from the range support and short trades from the range resistance.

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Price on the EURUSD daily chart is now at the important range resistance level. After forming an inside bar, price could not move lower and formed a bullish candlestick rejecting lower prices. This new test of the range resistance comes off the back of a new higher low and seeing this resistance break and a new move higher would not surprise in the coming...

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Price in this market is now meandering higher and looking to make a new test of the extreme highs and resistance level. As the daily chart shows, the last time price tested this level we got a bearish engulfing bar and price sold off back lower. This level looks key for this market and where price makes its next move. If we can see price make a new break...

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Price on this pair has recently formed a series of lower highs on the daily chart. Price is now making a new move lower and is looking to once again test the key daily chart support level. This has been an important level in recent times with price rejecting it and moving back higher twice. With the recent momentum building lower we can look for a new retest of...

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Similar to the AUDCHF we also have a clear range high and resistance in play with this pair. As discussed in recent times, price has held at the mid-way point and support level of the range and is slowly making a move back higher. If we get a new test of this overhead daily chart resistance, then we can start to look for the recent momentum to continue and for...

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Price is continuing to build momentum for a breakout higher in this pair. As the daily chart shows, there is a clear range resistance level that has so far contained price from moving higher. Yesterday we had a small daily chart indecision candlestick with price as yet not making a strong move away from this resistance. I am continuing to watch this pair for a...

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Price on the daily chart of this pair has now formed an inside bar at the price flip resistance area. This new resistance recently held as a daily chart support level. The overall trend in this pair is higher, with price in recent times attempting to make a reversal back lower. If we can see price move above this daily chart inside bar we could then look for...

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Price in this pair is hovering just below a major daily chart resistance level. As the daily chart shows, this level has been holding as a major resistance all of this year. Price has now formed a new higher low and looks like it could be building to make a serious attempt at breaking out higher. A breakout higher would be preferred in this pair because price...

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The daily resistance in this pair is still holding, however price has not made a major move away from this level. In the next few sessions I will begin watching for a fresh breakout and move above this level. For any potential breakout trades we would need to see the recent highs taken out and price make a strong move out higher. A break above this level would...

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As we have been discussing with this pair recently, price has returned to the price flip support level. The rejection of this level has been minimal and we may have expected a larger push or bounce back higher than we have seen so far. Price has now formed a daily chart inside bar showing more indecision. If this inside bar breaks lower it could activate short...

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I am now watching this market closely for a potential breakout higher. Price has been testing the major daily chart resistance repeatedly in recent times. With the last test we have not seen a large rejection and push back lower. Momentum could now be building for a break higher and if price can break the recent swing high, it could activate potential long trades.

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After rejecting the extreme high of the range, price has now moved back into the midway support level. As the daily chart shows; price has popped higher and we could see a move back into the range resistance. If we can see a new move higher we could look for momentum to build for new long trades and a breakout through the overall range. Long trades above this...

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After making a breakout lower, price has quickly snapped back higher and moved right back into the chop and range pattern. This is by far one of the most boring Forex pairs and a pair that is generally best avoided. It has a history of ranging and chopping back and forth for months, if not years at a time and even when making a trend it can still chop and...

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Price action on this pair has now formed a daily chart inside bar. As the daily chart shows, this inside bar has formed with the lower part of the wick rejecting the recent swing low support. This swing low support area looks a crucial area for this pair and where price heads next. If we can get a break below the inside bar and this support, then we can look...

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Last week this market formed a large bearish rejection candlestick. The key to this bearish rejection however was that price could not move and importantly close back below the recent swing high and new support level. This was telling because for all of the large sell off lower, the bulls still held their ground. If this level continues to hold, then we can...