csohrab

csohrab

EURUSD has just retested a strong support zone. Price has closed above the 14 EMA. Entry at 9am. Risk 20 Reward 30 pips. I am not a financial advisor. This is not financial advice. This is for educational purposes only.

csohrab

EURUSD has rejected resistance multiple times. We entered at 9:45am when price was under the 14EMA. The analysis is still valid and is providing an opportunity to get in for a sell at a higher price with a tighter SL. Risk at this moment around 8 pips. Reward still 30+ pips. This trade is risker than we usually take however with the SL being so tight this is a...

csohrab

EURUSD has just broken support and is currently retesting as resistance. Price is below the 14 EMA. Risk 20 Reward 30 pips. Entry at 9:15am As always, I will keep updates on trade management in the comments. *Keep in mind FOMC later today* I am not a financial advisor. This is not financial advise. This is for educational purposes only.

csohrab

EURUSD has just sliced through support. Price is now under the 14 EMA. Looking for price to continue pushing down. Risk 20 Reward 30 pips. Entry at 9am I am not a financial advisor. This is not financial advice. This is for educational purposes only.

csohrab

EURUSD is breaking previous resistance. Entry at 9am. Price supported above 14 EMA. Risk 20 Reward 30 pips. I am not a financial advisor. This is not financial advice. This is for educational purposes only.

csohrab

AUDUSD is forming a bear flag. Wait for price to reach the 61.8% fib and reject, old support becomes new resistance to confirm short. Potential 75 pip move. Good risk to reward. I am not a financial advisor. This is not financial advice. This is for educational purposes only.

csohrab

US30 looks to be completing a wave 4 pullback in the form of an ABC correction. We are looking for a wave 5 to begin and push down toward the 16000-15000 level. A few things must happen for this set up to remain valid. 1. Wave 4 cannot pull back higher than where wave 1 ended (around 24700). This would invalidate the Elliot wave structure. 2. We need a strong...

csohrab

EURUSD will make at least a 50% retracement at some point tomorrow 3/12/20. The ECB is expected to cut interest rates by .10% and possibly mention more stimulus. Look for EUR to tag 1.11500. The question is what will happen next? Price could bounce right back up in the descending channel and possibly break up past the channel and make another attempt at 1.15? or...

csohrab

AUDUSD is slowly making it's way up to the previous support zone confluent with the 38% Fibonacci retracement of its swing high to swing low. Looking for previous support to become new resistance for a continuation of the downtrend. Will wait for a clean short entry in this zone based on multiple rejections confirming resistance and aim for 200-250 pips back to...

csohrab

NZDUSD is forming a corrective pullback within a descending channel aka bull flag. On the fundamental side, New Zealand had their Monetary policy meeting last week which was concluded with no cut in rates and no sign of future cuts on the horizon for the time being which the market took as a hawkish hold. This boosted the Kiwi and after this corrective move it...

csohrab

AUDNZD is currently forming a corrective pullback within an ascending channel aka bear flag. Look for price to do one of two things; either 1. push up one more time into resistance for a clean short entry or 2. impulsively breakout out of the channel and head toward the -27% Fibonacci extension. You can also see a head and shoulders pattern with price currently...

csohrab

AUDUSD is supported above the 50EMA on the 1HR. It is also holding above psychological 0.67000. Entering long position up to 0.67400. I am not a financial advisor. This is not financial advise. This is for educational purposes only.

csohrab

EURNZD is current at a resistance zone at psychological level 1.71000. This zone is confluent with the 61.8%. Entering short a at 1.71000 with TP 1 @ 1.70000 & TP 2 @ 1.69000. I am not a financial advisor. This is not financial advise. This is for educational purposes only.

csohrab

UCAD is forming a rising wedge reversal pattern. Price is starting to slow down which gives us an indication that we may soon reverse. Based on previous reversals for this pair it typically makes multiple rejections at resistance before finally falling. This looks like a really good opportunity next week. If resistance holds we will take a short position. I am not...

csohrab

EURNZD made a strong impulsive move to the upside this past week. I am favoring a slight pullback in the form of a bull flag and then another impulse up to the 61.8% confluent with psychological level 1.73000. Overall I am bearish on EN but due to this impulsive movement last week I do see us eventually pushing up into 1.73000. Keeping a close eye on this. I am...

csohrab

NZDJPY has broken out of a descending channel and is currently retesting the channel. Look for a 100 pip move to the upside. I am not a financial advisor. This is not financial advice. This is for educational purposes only.

csohrab

EURUSD has created divergence on the 4HR timeframe and has just completed it's new low. If you have been following me I have stated this before that when price is going to change direction it will create a new low before reversing to the upside. (or vice versa if it is going to drop, it will create a higher high before reversing). In this case we have strong...

csohrab

GBPJPY has broken to the downside with a strong bearish engulfing candle. The reason I like this set up is because most times when price is going to change directions it will make one last high before it starts dropping and that's exact what this candle stick did. (Also note on the far left how price made the last low before turning bullish). These are signs of a...