aslamhammad

aslamhammad

Well this looks very interesting :)....As we have currently 2 wedges in h4 chart of GBP/USD. And i spot a butterfly+ gartley type patterns along the wedges :)....So current pattern suggest to short :).... Sell @ 1.5643 SL @ 1.5850 TP 1 @ 1.5532 (for the less greedy people) TP 2 @ 1.5466 (for the medium greedy people) TP 3 @ 1.5335 (for the patient greedy people)

aslamhammad

Well at the moment we're stuck in a wedge+ triangle elliot wave.....But for the triangle to be sucessful, i think the price has to come back down near a bullish rejection level.....Current price is trading around a bearish rejection level 194.54....Bullish rejection level is around 193.45.......So, i think initially we can expect price to come down from 194.50...

aslamhammad

Well it looks like a rising wedge type pattern....Hence current conclusion==short Short @ 137.90 (76.4% Fib) TP 1 @ 137.10 (4th wave expected first support) TP 2 @ 136.50 (max target for 4th wave) SL @ 139.90 Later we can try to rebuy @ 137 and try to catch the 5th wave upto 141 :)....With SL 135Yen

aslamhammad

Well it looks like a bearish garley pattern==short it :p Short @ 1.1212 TP 1 @ 1.0970 (for less greedy people :p) TP 2 @ 1.0903 ( for medium greedy people :p) TP 3 @ 1.0810 (for the patient greedy people :p) SL @ 1.1400 (for the medium risk traders :)

aslamhammad

Buy @ 0.7400 SL @ 0.7300 SL 2 @ 0.7200 (if you want to be more careful) TP 1 @ 0.7430 TP 2 @ 0.7470 Pattern type==Inverted head & shoulder

aslamhammad

Looks like a strong uptrend at the moment.....Could be heading to another resistance around 1.7150......Second scenario could be that might form a double top around 1.7070....

aslamhammad

Well if i'm right this looks like a bearish bat, and there is a possibility that price could first initially go up, and than come back down, in my opinion, i would short it only around the major resistance 2.4006 level.....Mean time if price holds above 2.3700 price can go up......

aslamhammad

Well it looks like bat to me....If it's a bat, could be a temp buy upto 1.5630

aslamhammad

Well the USD/CNH currently stuck in a range, but a break above 6.48800 level, i think price would go higher back towards 6.6000

aslamhammad

Pattern Spot==Bull Pennant, Chart Daily time frame==buy+buy+buy :) Buy @ 1.1200 SL @ 1.0800 TP 1 @ 1.1300 TP 2 @1.1400 TP 3 @ 1.1800 ( if Fed not hike interest rate in September)

aslamhammad

Well price is consolidating to wave 4 in my view...conclusion==short Sell @ 0.9690 TP 1 @ 0.9550 SL @ 1.0000

aslamhammad

In my view the price has completed wave 5 now, so we should go lower! Conclusion==Sell Sell @ 1.2980 TP 1 @ 1.2910 TP 2 @ 1.2850 TP 3 @ 1.2750 SL @ 1.3200

aslamhammad

Well now the price looks like a bull pennant....Conclusion==buy Buy @ 1.5620 TP 1 @ 1.5750 TP 2@ 1.5900 TP 3 @ 1.6250 SL @ 1.5400

aslamhammad

Well it looks like a bull flag in h4 chart, hence conclusion==buy it baby :) buy @ 1.1052 SL @ 1.0800 TP 1 @ 1.1100 TP 2 @ 1.1200 Good luck :)

aslamhammad

Well currently we're stuck in the bull flag hence conclusion==buy Main Buy was @ 1.3012 ( above the inverted hammer @ 1.3010) Bull target 1 @ 1.3108 Bull Target 2 @ 1.3148 (max for now) SL @ 1.2900

aslamhammad

Well price seems it formed a double top around 0.9744....In my veiw this price can break around the 61.8 Fib area.... Conclusion==short it baby :p.... Short @ 0.9616 TP 1 @ 0.9577 (50% fib) TP 2 @ 0.9540 (max target in my view) SL @ 0.9800

aslamhammad

Currently a double Top...So, in my opinion this price might come down to 0.7370

aslamhammad

Well it looks like a double top to me..... Short @ 0.9866 Tp @ 0.9810 SL @ 0.9990