Rashid247

Rashid247

according to the DXY analysis, I gave a brief explanation of the dollar dropping due to the feds s effort to bring down inflation as well as recession fears on investors and that may cause the market to push further below but if we break and close above our descending channel then we will be in a buy zone but as long as we are trading below the upper trendline of...

Rashid247

dxy has been moving in a descending channel and rallied to the upside due to nfp data, we are currently waiting for Sir J Powell to give us an insight on what steps they are willing to take to bring down inflation and that will determine our bias on dxy, should we beak and close above our descending channel then DXY will be on a buy zone but as for Sir J Powell i...

Rashid247

Yesterday I posted my analysis on Nasdaq and the prediction came out accurate...

Rashid247

Just like I said yesterday nasdaq took a u turn 😊😊😊

Rashid247

Is Nasdaq retesting broken trendline channel support or is it a trend continuation??? We are yet to find out as nasdaq has approached its all time high and looks like it's loosing momentum as it approaches the key area meanwhile the fundamentals are positive for most Instruments under Nasdaq signaling a buy, could this impulse from yesterday s low be forming a...

Rashid247

Price has once again reached our all time high and faked a breakout and made a reversal giving way for more buyers to step in and short the market all the way to the bottom of our channel

Rashid247

Price has been failing to break above our supply zone since January up to date which makes it a very strong level of interest to catch reversals at, price rallied all the way to our supply zone last week during nfp and it left a lot of imbalance in price action which need to be filled but because this pair is volatile we have to wait for manipulation to play out...

Rashid247

Price has failed to break our supply zone but after NFP price rallied all the way to our support zone which means we are most likely to go down since our supply zone seems resistant enough to keep the price below it, manipulation may occured therefore let's try to use proper risk management

Rashid247

Price has reached our all time high and is currently reacting to the resistance of our 4H ascending channel paving way for sellers to step in and ride the market all the way to our support level which is the bottom side of our channel .

Rashid247

The market is now testing our resistance area on our 4H channel, we are expecting the market to rally back down to the bottom of our channel. Usually I don't advice on going against the trend but this could be a good sell opportunity