OTM-Fadhl

OTM-Fadhl

EURUSD has finally broken and closed below 1.094x. The Sell Swing is confirmed in my view. I expect a test of 1.098x (A area), then PA has to break 1.083x (B level).

OTM-Fadhl

My EURUSD ST-MT-LT Outlook is Sell . From TA perspective, the direction is still down. PA has retraced exactly 61.8 Fib with 1.127x. From FA perspective, all criteria favor US data in comparison to EU. Hence, any break and close below 1.094x will validate the Sell Swing . My LT target is 0.78!

OTM-Fadhl

EU has reaching the final target around 1.035x. It was in one shot from 9940! (400 pips!). An extension up 1.053x is possible (I doubt it) as Dollar Index still has room to 105.56. This is supposed to be the end of the Retrace of the Impulsive Wave (Daily TF) which is as well the Initial Wave (Weekly TF). So the Retrace of the Retrace can go up to 9940. For the...

OTM-Fadhl

Clearly EU did not make a LL on Daily and has started an accumulation phase with HHHLLHLL. I think PA needs to test again 9700 to move up to 1.03. The channels will provide the retraces areas.

OTM-Fadhl

GOLD has completed the long wave up and entered into consolidation/accumulation phase, now it's clearly GOLD is in downtrend. My target is 1451.

OTM-Fadhl

EU has completed the retrace of the Initial Wave up. A test of 9684-9692 is expected, then a strong Impulsive wave up to 1.0344.

OTM-Fadhl

Gold is behaving as expected. I missed the train. However 1760-1763 could provide another opportunity to go short wit a tight stop (1764). If price goes above 1764, Gold might test 1801.

OTM-Fadhl

With NFP and No Tapering for 2021, I expect Dollar to complete it 5th wave down. Dollar is offering a very cheap ticket for ST and MT Swing to the downside. Between 92.5-92.8 is where I see the maximum up.

OTM-Fadhl

In my view, TA Gold did not complete its down wave before resuming up. Currently, Gold is retracing up with a maximum squeeze to 1860-1874; then the impulsive down wave up to 1564. This 1564 has a double confluence: last break up and AB-CD pattern. This scenario will be canceled if the current move up closes above 1912. FA, the current Inflation narrative/story is...

OTM-Fadhl

Hi: These ares my forecast ST targets for Oil. GL!

OTM-Fadhl

Final update! In Short TF, we got a vlaid trigger to sell. GL!

OTM-Fadhl

Hello: So far, no H1 bar closed below $64! However we extended the low. We need to see a full bar closes below the extension to enter short.

OTM-Fadhl

Hello Traders: OPEC cancelled its tomorrow meeting. Any Candle closes below $64 is a good sell trade. We had two weeks in a raw with an overwhelming Oil Inventory, but price didn't drop at all! I might go further up, but I sincerely doubt it! Hence my sell limit at $64.

OTM-Fadhl

My last chart for the day! My target for this wave (5.3.1) is $51-53. I will update next week. If it works as planned, I will publish H4 Chart with my forecast for its 5 waves.

OTM-Fadhl

Hello again! As mentioned earlier (Monthly Chart), I strongly believe the third wave has started (5.3). It will stay with us for a while. It should end around the bottom of the last drop $27. It will fold into 5 waves as well. A daily chart is coming! GL!

OTM-Fadhl

Hello Traders and Followers! This is to confirm the end of oil era. Oil went up to the last breakout which was/is expected. We are still in this area. OPEC Meeting will keep us in this area to confirm the beginning of the 3rd wave (5.3). Again each TF has five waves. As evidence, have a look to the previous waves! I will publish two other charts: Weekly and...

OTM-Fadhl

Oil is in its last leg up forever (in my view)! Time to short and hold! GL! Limit Sell at $63.75.

OTM-Fadhl

We have a nice wedge in daily chart. I think, Oil will be chopping for another 1-2 weeks before it starts Wave#3 in MT chart (down). Maximum up is $64 which might come via Venezuela news (i.e., Russian troops arrived yesterday to Venezuela) or as collateral move to Equities.