About meHello there. This is Ali Salar Kazmi. I am a forex, binary and options trader. I am not an expert But I do analyze the charts. So, let me know what you think about them in the comments section..
Cadchf has broken the channel and it has already retested the trendline. On retest it show very good rejection. As it can be seen in the chart below:
THe second thing that gives me confidence about selling at this point is the head and shoulder formation which has been confirmed by the breakout of neckline and...
EURGBP is on a continous downtrend from some time. It consolidated for a little time and form a bear penant in the down trend. It has broken the penant and retested. I have entered for short here the risk to rewards is high. Tp is almost 70-80 pips. Because if you see the daily chart then it has broken the trendline and is ready to text the next support....
EurNzd was moving in a falling wedge pattern and a triangle pattern as well. And now it had broken the resisting trendline . BUt I am waiting for a retest to enter the market. If i enter then the target will be the red box. I will update here with a chart when I enter the market. It can be a fakeout so thats why I am waiting for retest.
AUDUSD was moving in an ascending channel and it has broken out. I am waiting for a retest on h4 to enter the trade. THe point that I am looking for the retest is the white dotted line.
FOLLOW AT YOUR OWN RISK
Dear traders, In EUR/USD there is a double top pattern created. For all those who don't know about the double top, it is a pattern that is formed in an uptrend indicating a trend reversal and a move down. I have marked the two tops that are almost at the same level with two shaded eclipses. THe red zone that you are looking at is the neckline of double top. When...
It is actually a day trade. I may get more pips here but I am not targeting big. 20-30 pips for me will be enough. The lopgic behind this trade is just support and resistance. There is a spining top formed after strong green candles showing that the buyers are not in a mood to keep the market going up. And the spinning top is formed at the resistance zone which is...
1) First We should consider the trendline test.
2) Ichimoku cloud is bearish
3) Bearish flag breakout happened. Target according to its pole is around 4k.
4) Rsi moved below 50.
5) TTM Squeeze turned bearish.
All strong bearish signs indicating the fifth wave to end at 4k region. Will take atleast month to reach there.
Its not a financial advice.
Do your own research.
Penant breakout and the target will be the length of the pole.
THere was HNS forming in Euraud before but we the price couldnt confirm it and bounced from the bottom line of hns.
Follow at your own risk.
$BTCUSD current scenario is bullish.
We are in the fifth impulsive wave which may continue till 9200-9400 dollars.
THe triangle breakout looks good.
The daily candle of yesterday also closed above the resistance of $7500.
THe next resistances are at 7900 and 8300.
Btc also formed the head and shoulder pattern and the cup and handle pattern which is a strong...