TaherJalili

TaherJalili

After forming some explosive price action in both directions recently, price has cooled off and is in consolidation mode. As the 4 hour chart shows; price has formed a bullish pin bar at the recent price flip support level, followed by an inside bar. This intraday support level looks key for this market and an important level to watch in the coming sessions. A...

TaherJalili

We discussed this market last week and the fact that price was looking to pullback into the major support level and 50% Fibonacci level. Now price has pulled back into this level we can see a bullish engulfing bar and rejection candles have formed rejecting the support. As yet there has been little follow through and for a move back into the recent swing high...

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The negative divergence on the relative strength index suggests that the momentum has weakened. If the price breaks and sustains below the 20-day EMA, the traders are likely to wait for the BTC/USD pair to find support at lower levels, before buying. On a drop below the 20-day EMA, the decline can extend to the $11,100–10,900 support zone. Contrary to this...

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After several tests, price finally breakout the key resistance area And is now pullback to the area to say goodbye and the last kiss. Strong support from buyers in this area could push prices up again. bulls are sharpening their horns to fight bears in the area. If the bears won, the price will be corrected to the Fibonacci levels. This is a major watch in...

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In yesterday’s trade ideas we discussed this market and the key resistance level we were looking for short trade signals. Price moved into this resistance and formed solid bearish trade signals on both the 1 hour and 4 hour charts. Price has now sold off lower with the recent swing low becoming the next major support.

TaherJalili

There have been some solid contrarian moves in the last 24 hours. The GBPUSD is a good example of this with price quickly snapping back below the major resistance level just as quickly as it broke out. The support level of the recent consolidation and sideways pattern looks a key level for where this market moves next.

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Similar to the GBPUSD, the EURUSD has snapped below the recent resistance level after attempting to breakout higher. The intraday support level we discussed recently looks like an important level for this pair. If price rotates lower into this support level, then it will be a key area to watch for bullish price action clues.

TaherJalili

This has been a very interesting market to chart and follow in recent times on both the higher and smaller time frames. After making a large move higher on the 4 hour chart from the huge 2 bar reversal we discussed, price has now wiped off most of those gains. Price is testing the recent intraday support level that looks an important short-term level. For...

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In yesterday's ideas we discussed the momentum building lower in this pair for a potential breakout. Now price has broken lower it could open the way for further short trades. If price rotates higher back into the old breakout support level it could be a solid level to hunt bearish price action trigger signals.

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Price has finally broken out of the consolidation and sideways box that had been building in this pair. Now price has broken out, all the traders not already long can look for quick pullback trades into the old resistance breakout area. This area could hold as a new support and a solid area to get long with the momentum higher.

TaherJalili

We have been discussing this market regularly in recent times. Yesterday we discussed the intraday price flip level and the new momentum higher on the smaller time frame charts. Price has made a sharp pullback and retrace. If price can take out the recent intraday swing high it would pave the way for the next extended leg higher.

TaherJalili

Similar to a lot of price action in many markets of late, this market has stalled below a key level. Price on the daily chart in recent times has been in an up-trend, but it has not yet been able to break this major resistance level. This level looks key and if it gives way it would pave the way for breakout trades and quick intraday breakout and retest trades.

TaherJalili

Whilst this market has been caught in a range on the intraday charts we can see a potential momentum build up to the downside. Price is now moving in to test the range support and with the momentum moving lower we could soon see a breakout. If this occurs it could be a solid pair to watch for breakout trades and smaller time frame breakout and re-test trades.

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We discussed this pair. in the daily trade ideas last week because of the trend higher and the upcoming support level. The support level has so far held and whilst the follow through as yet has not been major, it could be important. If this level holds it could see price test the recent swing high resistance with another leg higher. Thanks for your like and support...

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Price has now broken higher from the inside bar on the daily chart Those traders looking to get long can watch the intraday charts and the potential new price flip level. As the 4 hour chart shows; price has broken the intraday resistance level and a pullback into this level could be a solid area to look for long trades.

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Check the chart carefully. And pay attention to the written description. Thanks for your like and support.

TaherJalili Updated 

The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. The cup and handle pattern occurs in both small time frames , like a one-minute chart, and in large time frames , like daily, weekly, and monthly charts. It occurs when there is a price wave down, followed by a stabilizing period, followed by a...

TaherJalili Updated 

Instrument: Order: Sell Limit Entry price: 76.80 Stop: 77.30 Target: 75.30 PRICE COULD THEN LEAD TO LONG TRADES IF BREAKOUT OVERHEAD RESISTANCE AND PULLBACK (SETUP ON CHART) THANKS FOR YOUR LIKE AND SUPPORT.