RiffatNadeem

RiffatNadeem Updated 

This could be the trade of the month! A long idea on GBPUSD. Wait for the price to show you its mood. Two areas of high value are around. The parallel ray line from the 2nd touch on the trend line. The price can bounce back forming a double bottom up wards from there towards the blue ray line. Or the price can break below to the 3rd touch point along the trend...

RiffatNadeem Updated 

Let it break below that blue ray line, and then start looking for the structure and patterns to give a buy entry. This one could be ready very soon. Thank you.

RiffatNadeem Updated 

For your visual pleasure! I anticipate amazing buy entries on this one. It weekly and daily charts look so stunning that I did not even want to go down to the executional timeframes of 1 hourly and 15. Look for 3 touches or double bottoms and you may be fine for the rest of the week if you can get a good buy entry on this one. Thank you very much.

RiffatNadeem

Gbp is like a ripe orange right now, almost across the board. If this is how GBP moves and offers buy opportunities, we can be fine for the next two weeks, at least.

RiffatNadeem

The price has crossed the cross roads, and after proving to be a bait for small time retail traders, now, it may go up any time soon. Yes, we are expecting a double bottom or even a 3rd touch on the trend line, and then it can change its direction and start moving upwards. Once again, the convincing push upwards is the key--whether from the double bottom area or...

RiffatNadeem

EURCAD looks different from EURAUD. This one could offer a good long position. We'll wait for a convincing push up from the ray line which is off the weekly charts. Or we'll let a tight 15 minute or 1 hourly flag form once a push upwards happens. It may be ready soon if that ray line holds its ground.

RiffatNadeem

I anticipate a good sell on EURAUD. If a move downwards happens, let a tight flag either on the 15 minute or 1 hourly chart form, and on the break of the flag, this could be all systems go. I am saying "could be." I am not saying "will be." :-) Let the market make up its mind before you jump into it.

RiffatNadeem

In my opinion, the price may move upwards once it touch the trend line on the daily. That 3-touch structure on the 15 minute chart is also a good area, but its alignment with the trend line on the daily is a big tick in the box. Keep it in mind the price is already below the weekly ray line. So, can anticipate a move upwards any time soon now.

RiffatNadeem

This is what I anticipate on audusd. A good long position may take place soon.

RiffatNadeem

If this tight 15 minute flag is broken downwards, we may expect a move downwards.

RiffatNadeem

Has it run out of puff? Or not? Is this push upwards, correction, continuation (upwards)? Or is this a convincing push downwards, correction, and continuation (downwards)? Bottom line: We might be at a point for a decent entry. What do you think?

RiffatNadeem Updated 

chfjpy could be a good sell somewhere here now. On the weekly, the price has broken out of the ray line, and a 3 touch structure has completed itself even on the weekly. The scooping among the 3 touches is fairly equal though not ideally equal in distance. As the price has broken clearly out of the weekly ray line, it might have collected the buy orders from the...

RiffatNadeem

usdjpy could be ready for a sell. Apparently, the price has broken below the 1 hourly and 15 minute structure. It seems to have already tested the high. This could be the downward run. With a well calculated lot size, such that may give it enough room to fluctuate a bit, if it wants, we can be in for a good sell.

RiffatNadeem

If the price breaks out of the current middle section, it may move sharply towards the upper trend line. If the price below the trend line, it may continue down wards towards the lower pink trend line.

RiffatNadeem

USDCAD might be ready for a good sell trade after making a little upward move towards the upper trendlines. That upward move is likely to take place if the price breaks out of the middle section which is visible and forming on the 15 m and 1 hourly charts.

RiffatNadeem

Weekly of AUDJPY. A short trade idea. I have already shared its 1 hourly chart analysis.

RiffatNadeem

AUDJPY short In my opinion, the price might have already collected the orders from just a little beyond the high liquidity area on the weekly chart. The market might also have caught the retail traders on the wrong side of the market. As the price has started to come down sharply, now can be the time for us to benefit from this move by detecting patterns, flags,...