TaherJalili

TaherJalili

As we discussed last week, price was testing the major daily resistance level. Price has rejected that level and made a small move lower to finish last week below the resistance. Momentum looks to be building for a breakout higher in this pair. As the daily chart shows, if we can see a small bounce lower followed by another retest of the resistance, then we...

TaherJalili

After breaking through the key daily support level that had been holding price for the past few months, price has made a swift move lower. As the daily chart shows, price is now looking to form a new trend lower. If we can see the old breakout support level hold as a new price flip resistance, we could see a new lower high form and the start of a strong trend...

TaherJalili

Last week we were watching this pair as price reversed lower and moved back into the old daily resistance level. Whilst price has now held at this level as a new price flip support level, the rejection has been fairly weak so far. We may have expected to see this level hold with a little stronger push back higher. Whilst the strong rejection may come, so far we...

TaherJalili

As we recently discussed in here; this pair rejected the major range resistance and key level that has been respected all year. Price has now pushed back lower and is looking to move into the daily chart support level. As the daily chart shows; this is the old breakout resistance level and could look to act as a new support level. This could also be a solid...

TaherJalili

Price recently broke out higher in this pair through the daily chart resistance inline with the strong recent trend higher. As the daily chart shows; price is now making a retracement back lower. If price can move back into the old resistance level we could look for it to act as a new potential price flip level. This could also be a solid level to look for...

TaherJalili

After a strong move higher, price is now making a retracement back lower in this pair back into the daily support level. If you zoom your daily chart out you will see that this is all going on within the ranging movement that started back in May of this year. Price has once again rejected the resistance and high of the longer term range and moved back lower into...

TaherJalili

After making a nice breakout higher and through the daily resistance area, price has snapped back lower. As the daily chart shows, price is now back retesting this same resistance level as a new potential support level. This looks a major level to watch in the coming sessions with this pair. A strong hold of this level and we could look for a new trend higher...

TaherJalili

After forming a very large move lower, price sold off directly into the support level. As the daily chart shows, whilst this was a large move, both the daily support and resistance levels remained intact and respected. Price has now formed a small inside bar on the daily chart. For the moment there are no obvious price action trades and the best plays looks to...

TaherJalili

After breaking higher from the double inside bar pattern that we discussed in here at the start of the week, price made a large move higher. As the daily chart shows, price has stalled and once again formed another inside bar. The interesting thing about this inside bar is that price is above the price flip support level and the inside bar low is rejecting this...

TaherJalili

Price is now looking to test the major resistance in this pair. As the daily chart shows; price has formed an inside bar just underneath this level. We could expect to at least see some resistance and a bounce back lower from this level before a possible break higher. A break higher would see price recover all of the losses from earlier in the year and make a...

TaherJalili

Price has been incredibly sideways in this market for the last six months. Whilst we have now had a nice move lower in the last few sessions, price is still contained within this sideways move. If we are looking to make trades in this pair the only options at the moment are either to wait on the sidelines until price breaks in a clear trend, or use the current...

TaherJalili

Price has now sold off heavily and broken through the key daily chart support level in this pair. This old breakout support level looks like a key level in this pair. If we can get a quick rotation back higher close to this level we could start to look for short trades inline with the recent momentum lower. Short trades could be hunted on both the daily and...

TaherJalili

Price has now made a huge breakout higher in this pair. As the daily chart shows, price has formed an inside bar, but it was below a daily resistance level. Priced has now moved through this level. This same old resistance level could now look to act as a new price flip support level. It could also be a solid level to start looking for long trades with this new...

TaherJalili

Price has now formed a large bearish 2 bar reversal on the daily chart of this pair rejecting the recent swing high and resistance level. This pair is in a pretty clear cut range and sideways pattern and price could now look to move lower and into the mid-way point of the range. This mid-way point could look to act as a support level and a potential level to...

TaherJalili

This pair has now formed a large false break of the daily chart resistance level. As the daily chart shows, price is now selling off lower and looking to move into the support level around 1.0600. This looks a high probability level to keep an eye on in the coming sessions for potential long trades and for price rejection, even if only in the short-term. The...

TaherJalili

In a very similar fashion to the USDJPY, this pair at the end of last week also sold off heavily and made a decent move lower. Just like the USDJPY did also, this pair broke through a recent strong daily chart support level. If we can see price make a rotation back higher into a value area, then we could look to make short trades. Short trades would be inline...

TaherJalili

This market faces an important test this week. Before the last seven or eight sessions, price had been selling off strongly and looking to make a new trend lower. That has now changed quickly with price right back at the old breakout level and strong resistance zone. As the daily chart shows; this resistance zone has been a major level this year as both a...

TaherJalili

Price in this pair has now formed a series of lower highs and also broken through an important daily chart support level. The best play in this pair looks to be watching for any sharp retracements higher and looking to short with the new momentum lower. As the daily chart shows, the support level that price has just broken out of looks a key level. If price can...