youhannaabboud

youhannaabboud Updated 

There is a high probability for a short position on gold based on: 1) Price action: Fibonacci retracement and price action indicate a rejection from the area between 0.23/0.382 fib levels. These levels also happen to be major support/resistance levels on the daily chart. 2) Head and shoulders pattern forming on the 4H chart as an additional confirmation Keep in...

youhannaabboud Updated 

The scenario for EURJPY on H1 timeframe could be as following: 1- Retracing from a support after a morning star pattern (bullish pattern) and CCI / %R being oversold suggesting a return to the normal zone, with a buy order being put after the new candle making a wick down and breaking the high of the current one. Targets are set according to Fibonacci lvevls; 2-...

youhannaabboud

This is my prediction for GBP/JPY on Daily time frame. The next candle can see the CCI and %R indicators going back to the range after being overbought wich indicates a sell opportunity. If it opens, makes a wick up and breaks the low of this candle don't hesitate to take it. The target being a previous support/resistance level. On the other hand, the previous...

youhannaabboud

EUR/USD is expected to continue the bullish momentum it has been showing in the last couple days with a symetrical triangle formation. Comment your thoughts and stay updated for the results 👍

youhannaabboud

The combination of Double Top/ Ascending Triangle is one of the best to spot, especially on US30. So if we see a candle closing above the resistance we can take a buy and go for an ascending triangle. And if the price breaks the trendline and and the potential neckline we go for a sell. Simple and effective 👍💪 Comment your thoughts and follow for more ⚡

youhannaabboud

There are two possible trades for gold: The first one being a sell after the formation of a double top for a confirmation of the flag pattern. The second one being a buy after the break of the previous resistance. We will need a bullish candle to close above the resistance for confirmation. Check my profile for more ideas ...

youhannaabboud

USOIL forming a descending triangle in an uptrend on the daily chart wich is a strong reversal signal, with the target being a major support area. Taking the sell after a retest is recommended to lower risk.

youhannaabboud

XAUUSD forming an ascending triangle in a an important support/resistance area while haning a clear traffic on the left so potentially it could go all the way up to the next major level. Does anyone have any comment/suggestion on this study ?