m_vahhaaj

m_vahhaaj

OANDA:XAUUSD Features: 1. Price is above 50 Daily EMA. Changed from downtrend to uptrend. 2. Textbook Elliott wave detected. 3. Elliott Impulsive Wave marked with numbers. 4. Elliott Corrective Wave marked with letters. 5. After Elliott Correction Wave price has not broken the previous support/swing low. Note: 50 Daily EMA is also located there. 6. Fibonacci...

m_vahhaaj

OANDA:XAUUSD Key Features: 1. Rising Trendline can be seen on 4h. 2. Descending channel upper trendline broken, daily timeframe. 3. Daily candle close above 50 EMA. 4. 38.2% fib level in vicinity. Important Points: 1. 0.5% risk management. Drop opinions in comment section... Good luck!

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OANDA:USDJPY Description: Chart bias is bearish, evident through the trend. Also on 1h chart bearish engulfing candlestick pattern is spotted near the falling trendline. Risk Management: Use 0.5% or 1%. What is your opinion? Drop comments.

m_vahhaaj

OANDA:XAUUSD Description: Based on the above analysis, gold is looking bullish on the daily chart. So I'll be looking for long positions. Trade Open Strategy: By daily chart analysis we come to the idea of going long for the next week ahead, So we will be waiting for candlestick signal on 15m chart or 1h chart. Some of the candlestick signals to look...

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OANDA:AUDNZD Sell Zone Confluences: - 50 EMA Resistance - 1.06 Psychological Resistance - Descending Channel Resistance - 50% Fibo(Weak)

m_vahhaaj Updated 

OANDA:XAUUSD Confluences: - 50 EMA Resistance - Descending Channel Resistance - 1875 Resistance - 50% Fibo

m_vahhaaj Updated 

OANDA:XAUUSD Key Features: 1. Gold is rebounding from support of descending channel. 2. It broke the 4h Falling trendline. 3. It is going to retest the support turned resistance of 1960. 4. 50% fib level is holding. What do you think?

m_vahhaaj

OANDA:EURGBP Confluences: 1. 0.9 Psychological Resistance. 2. Falling Trendline - 3rd Touch. 3. 61.8% Fib level holding. 4. 50 EMA Resistance on Daily chart. Setup Invalidation: If price returns and closes above 61.8% fib level. Entry Signal: Bearish Momentum candle on 1h or 15m. Are you bullish or bearish?

m_vahhaaj

OANDA:AUDNZD Key Points: 1. 4h Falling Wedge Pattern. 2. Price near Psychological support. 3. Wait for sharp break of Falling wedge resistance trendline. Possible two trade scenario. Both choice for buy and sell. What do you think?

m_vahhaaj

OANDA:GBPUSD Key Points: 1. 4h Rising Wedge Pattern. 2. Still need to break 50 EMA. 3. 1.34 Psychological resistance. 3. Rising Wedge support broken waiting for retest. Setup Invalidation: If price returns to the middle of rectangle then the setup will be invalidated. Entry Criteria: Wait for large bearish momentum candle on 1h or 15m and look for...

m_vahhaaj Updated 

OANDA:EURNZD Price near major Psychological level of 1.7. Descending channel Identified. Bears getting weaker? What do you think? Leave your opinions.

m_vahhaaj Updated 

OANDA:EURUSD That is a strange place to form this pattern. Rejected 50% fib level. 50 EMA providing support. What do you think of this? Is Euro going to resume the uptrend after the consolidation? Leave your opinions.

m_vahhaaj Updated 

OANDA:EURAUD Key Features: 1. Price is ranging for a long time evident through 1D chart. 2. On 4h price broke the falling trendline and then lost the short term bearish bias. After that it started to range. 3. Price has formed an ascending channel. 4. Rebound from the psychological support. Things to consider: 1. Look to go long on corrections. 2. Additional...

m_vahhaaj Updated 

OANDA:CHFJPY Confluences: 1. Bounce off the 61.8% Fib level. 2. Breakout of the support on 1D and retesting on 4h. 3. Psychological Level. 4. Price may resume the move to 127.2% Fib level. What do you think?

m_vahhaaj Updated 

OANDA:XAUUSD Head and Shoulders pattern in the making? The right shoulder will be formed at 61.8% Fib level. 50 EMA might provide additional resistance. Possible 1:6 RRR. If shorted at that shoulder. Hope for the best. What do you think?

m_vahhaaj

OANDA:EURUSD Price broke the ascending trendline and then came back to retest it. Has the upward momentum slowed down? After breaking it is currently moving sideways. We can use the fact that there is a lot of uncertainty and indecision in the markets due to the onset of second wave of Coronavirus. It might not be ready to go up. We can trade the reversal...

m_vahhaaj

OANDA:NZDUSD Things to consider: 1. Price must break the support with momentum. 2. The 0.69 level below can provide some additional support. So it should be considered. 3. Break and retest strategy can be employed for additional probability. What do you think?

m_vahhaaj

OANDA:EURUSD Key Features: 1. Short term rectangle identified. 2. Upside move might be capped. 3. Break to the downside possible. 4. Possible Straddle? Which side you choose?