MdSaifulIslam

MdSaifulIslam Updated 

Weekly resistance zone. Price closed above 50.0% of the weekly chart. So very much possible to go at 61.8%. Daily candle and the weekly candle is a pure buy candle and show great momentum. H4 and H1 chart is already overbought but not daily. I think this pair make small retrace then start a rally again. So short position is not safe at all. Waiting for reaching...

MdSaifulIslam

It is a rising channel on daily time frame. Price reject from channel and come again to re-test this zone. Stop loss and tp target set on the chart. I think it's a perfect long entry. But always use SL.

MdSaifulIslam

Stop loss level should set above 1.1450 and tp at fibo 61.8% area. Always use stop loss and follow money management rule for better trading. Take forex trading like a test match in cricket.

MdSaifulIslam Updated 

Triangle and resistance trend line breakout upside. if it occurs then can go target point. Keep close eye on it for long.

MdSaifulIslam Updated 

D1 candle closed with huge bullish momentum. By this time H4 looking extreme overbought. So a correction is necessary in this pair. May it will happen. Then it will start rally again towards near resistance of daily chart. Resistance is at 1.0825-1.0850 area. Market setup gives idea of touching this zone. So I make decision to go long from 1.0625-1.0650 area. It...

MdSaifulIslam Updated 

GBP USD create a inside bar formation. Target is on fibo 38.2 level. H4 chart market is in correction mode. This pair is still in bearish side. But look last 5 days activity. 150+ pips down in 5 days. which i assume bearish momentum dry up. Stoch (5,3,3) create a bullish divergence. So I have made decision for taking this short term long position. It is my...

MdSaifulIslam Updated 

NZDUSD on daily chart still in bullish side. 0.7485 is the 0.50% fibo line of last down move on monthly chart. RSI and MACD are still in up move. I think it will retest 0.7400-0.7485 zone. Then we can go for short and target 0.6950-0.7025 zone. Now price is on a ascending trend line. If price reverse from this point we wait for trend line break to go short. Target...

MdSaifulIslam Updated 

I think it is going to complete corrective C leg.

MdSaifulIslam

I am looking medium term short entry in this pair. It is a valid Cypher pattern. RSI makes bearish divergence. MACD is in extreme position. My target zone is in between Fibonacci 0.50 and 0.380. Keeping close look at previous high before going short to keep stop loss tighter. It is not a signal at all. Only my trading idea in this pair. Thanks all.

MdSaifulIslam

USDJPY long. Recent down move is simply a correction of price. Possible reversal point shown in chart. Better to go long when trend line is broken to the upside and MACD goes right side with price.

MdSaifulIslam

Possible reversal point marked in the chart. But we can take a long entry after breaking the resistance line and target towards 1.618 level. It is important zone.

MdSaifulIslam

I think this pair comes down to 138.75-139.25 zone. Can touch ascending trend line. This zone is between 0.23 and 38.2 fibo zone. Trade safely.