MohamedMagdy

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About me Just an amateur in the Forex market and Technical Analysis field . Please dont make any decisions based on my published ideas as they are not a professional recommendations and can be mistaken . am a newbie who is still learning with a demo account
Joined Egypt
Plan your trade , Trust your chart , Then trade your plan :) a good trading plan includes Reasonable Entry Point , Accepted Risk/Reward Ratio & Good money management plan
Markets Allocation
91 % forex 9 % other
Top Mentioned Symbols
EURUSD 30% | 78 NZDUSD 6% | 18 GBPUSD 6% | 18 AUDUSD 5% | 15
MohamedMagdy MohamedMagdy XAUUSD, 240, Short ,
XAUUSD: Bearish Elliott & Harmonic Outlook
139 0 5
XAUUSD, 240 Short
Bearish Elliott & Harmonic Outlook

Bullish wave 5 is in progress in which Truncation may occur . Emerging Bearish Bat Sell The Breakout to the targets

MohamedMagdy MohamedMagdy DXY, D, Long ,
DXY: Elliott Wave Outlook
84 0 12
DXY, D Long
Elliott Wave Outlook

Currently the bearish corrective wave 4 is in progress . It may be a double zigzag or triangle ! Look forward to long the last final impulsive wave 5 on the breakout of the green triangle

MohamedMagdy MohamedMagdy AUDNZD, 15,
AUDNZD: Elliott Wave Outlook
44 0 5
AUDNZD, 15
Elliott Wave Outlook

Short term bearish Medium term bullish Bullish Bat is in progress

MohamedMagdy MohamedMagdy GBPNZD, 240, Short ,
GBPNZD: Bearish Elliott & Harmonic Outlook
43 0 5
GBPNZD, 240 Short
Bearish Elliott & Harmonic Outlook

Sell the breakout

MohamedMagdy MohamedMagdy EURCAD, 240,
EURCAD: Elliott wave outlook
46 0 6
EURCAD, 240
Elliott wave outlook

Please Note Two different Elliott wave counting are shown Short term bearish Medium term bullish

MohamedMagdy MohamedMagdy GBPAUD, 240, Short ,
GBPAUD: Bearish Elliott Wave outlook
33 0 3
GBPAUD, 240 Short
Bearish Elliott Wave outlook

Sell the breakout

MohamedMagdy MohamedMagdy NZDUSD, 240, Long ,
NZDUSD: Bullish Elliott & Harmonics Outlook
62 0 7
NZDUSD, 240 Long
Bullish Elliott & Harmonics Outlook

Currently , expanding triangle is in progress which is a part of bearish C correction of an ABC corrective structure that forms wave 2 Buy the breakout of the expanding triangle which indicates the start of the bullish wave 3 Initial three targets are shown by the up green arrows . The invalidation level for that setup is shown in red !

MohamedMagdy MohamedMagdy AUDUSD, 60,
AUDUSD: 1hr Elliott Wave Outlook
73 0 8
AUDUSD, 60
1hr Elliott Wave Outlook

a bearish corrective ABC Zigzag is in progress , in which the last bearish impulsive wave is forming . The internal structure of the Zigzag is 5,3,5 You can Sell to the target of wave 5 Long the breakout of the down green channel to the target

MohamedMagdy MohamedMagdy EURUSD, D, Short ,
EURUSD: Bearish Elliott Wave Scenario - Updated !
131 0 7
EURUSD, D Short
Bearish Elliott Wave Scenario - Updated !

This counting is proposed instead of the counting in the " RELATED IDEAS " below which contained a rule violation regarding the interference between the subwave 4 and subwave 1. The current counting propose a triple three being in progress , and currently , the last final bearish wave Z is forming which might be an ABC Zigzag

MohamedMagdy MohamedMagdy EURUSD, D, Short ,
EURUSD: Bearish Elliott Wave Scenario
259 1 11
EURUSD, D Short
Bearish Elliott Wave Scenario

The breakdown of the current channel confirms the beginning of new bearish impulsive wave 5

MohamedMagdy MohamedMagdy NZDUSD, 240,
NZDUSD: Elliott Wave Outlook
64 0 7
NZDUSD, 240
Elliott Wave Outlook

Two scenarios are shown , bullish and bearish , Watch for the breakout in any of the both scenarios If price action respected the invalidation level " zone " as a key resistance , then one more impulsive bearish wave 5 is in progress

MohamedMagdy MohamedMagdy XAUUSD, 60, Short ,
XAUUSD: Elliott Wave Bearish Scenario
172 0 12
XAUUSD, 60 Short
Elliott Wave Bearish Scenario

Irregular Flat Corrective Structure is in progress

MohamedMagdy MohamedMagdy USDCAD, 240,
USDCAD: Elliott wave outlook
92 0 11
USDCAD, 240
Elliott wave outlook

trade the breakouts

MohamedMagdy MohamedMagdy EURUSD, 240, Short ,
EURUSD: Bearish Harmonic & Elliott Wave Outlook
113 0 11
EURUSD, 240 Short
Bearish Harmonic & Elliott Wave Outlook

Sell The breakout Bearish Bat Formed

MohamedMagdy MohamedMagdy AUDCAD, 240, Short ,
AUDCAD: Bearish Anti Alt. Shark
83 1 9
AUDCAD, 240 Short
Bearish Anti Alt. Shark

Bearish Anti Alt. Shark Emerging Flat Corrective structure is forming . Currently , the last bearish wave Y is in progress

MohamedMagdy MohamedMagdy CADCHF, 60,
CADCHF: Elliott Wave Outlook
46 0 6
CADCHF, 60
Elliott Wave Outlook

Buy the breakout of the pink down bearish channel Sell the breakout of the horizontal dotted yellowish line for bearish wave 5 continuation

MohamedMagdy MohamedMagdy EURNZD, 60, Long ,
EURNZD: Elliott Wave Outlook
56 0 8
EURNZD, 60 Long
Elliott Wave Outlook

Overall trend is assumed to be bullish as the final bullish wave 5 is forming * Sell The breakout of the pink arrow * Buy the breakout of the green arrow which signals the bullish wave 5 , whose its targets are shown by 1 , 1.618 & 2.618 red fibo levels .

MohamedMagdy MohamedMagdy EURAUD, 60, Short ,
EURAUD: Bearish Shark
44 0 8
EURAUD, 60 Short
Bearish Shark

Sell The breakout

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