Muhammad_Wasif_Fayyaz

Muhammad_Wasif_Fayyaz

It has completed its ab=cd pattern and I am expecting a bullish trend from here on that is why I have opened a long position.

Muhammad_Wasif_Fayyaz

After completing its ab=cd pattern showing trend reversal and it is making higher highs and higher lows that's why I have opened a long position.

Muhammad_Wasif_Fayyaz

Just a lousy bearish BAT! I know it is not adhering to the principle of B projection = 0.618 but still, I saw a bat and I drew it.

Muhammad_Wasif_Fayyaz

It has completed its ab=cd pattern indicating its trend reversal that's why I am going long.

Muhammad_Wasif_Fayyaz

Making lower lows and lower highs plus it has completed its ab=cd pattern indicating that it will be a trend reversal that's why I am going long.

Muhammad_Wasif_Fayyaz

Making higher highs and higher lows got good support at fib 0.618 showing bullish candles near the support so I think the trend will continue that's why I have opened a long trade.

Muhammad_Wasif_Fayyaz

Making higher highs and higher lows and going in an ascending channel plus I have marked the important support and resistance levels according to 4hr and 1day time frame.

Muhammad_Wasif_Fayyaz

It is making higher highs and higher lows but it has tested its ascending channel resistance once and it is pretty close to its 1.236fib resistance that's why I have opened a short trade.

Muhammad_Wasif_Fayyaz

It is making higher highs and higher lows according to dow theory plus it has not violated the ascending channel plus 1.55672 region of Fibonacci retracement is working as its support till now that's why I am opening a long trade.

Muhammad_Wasif_Fayyaz

It is making lower highs and lower lows according to dow theory plus it has not violated the descending channel plus 1.236 and 1.382 regions of Fibonacci retracement is working as its support till now that's why I am opening a short trade.

Muhammad_Wasif_Fayyaz

I am seeing strong support at 144.06 after testing its support it is taking correction that's why I have opened a long trade.

Muhammad_Wasif_Fayyaz

Showing strong resistance at 1.00869, taking correction after testing its support, currently in a bearish pattern so taking the resistance level as its stop loss I have opened up a short trade with risk to reward of 1.

Muhammad_Wasif_Fayyaz

Marked the resistances and supports but the dominant trend is bearish as it is making lower lows and lower highs furthermore, it is showing bearish candle patterns on its previous lower highs it has strong support at 0.97999 but it has breached its resistance at 0.99061 that's why I have opened a short trade.

Muhammad_Wasif_Fayyaz

It is in the accumulation phase and has strong support at 1.08956 and has already broken its resistance at 1.09494, now unable to break its resistance at 1.09691 that's why I have opened a short position.

Muhammad_Wasif_Fayyaz

Making higher highs and higher lows, showing bullish candles on previous higher lows, also trading between strong support and resistance levels as mentioned on the chart.

Muhammad_Wasif_Fayyaz

Making lower lows and lower highs according to the dow theory, also shows bearish candles on the lower highs that's why I have opened a short position

Muhammad_Wasif_Fayyaz

Making lower lows and lower highs according to the dow theory, also shows strong bearish candles on the lower highs like 3 black crows, that's why I have opened a short position.

Muhammad_Wasif_Fayyaz

Making lower lows and lower highs according to the dow theory, also shows bearish candles on the lower highs that's why I have opened a short position.