faris.makki

faris.makki Updated 

Expecting correction to end around these levels. Continuation higher on the higher time frame

faris.makki

Expecting Ethereum to drop from around here, already shorted at $1341. looking to add more as the bear flag breaks. Overall risk-to-reward is great. My long term view on Ethereum is bearish and I am expecting lower lows, but for this particular trade I am aiming for $1295. I will look to add more later on. Stop loss $1351 Target $1295

faris.makki Updated 

Good risk to reward.

faris.makki Updated 

buy 1273 TP 1331 SL 1254 RR 3

faris.makki Updated 

I believe EUR/USD is completing an ABC corrective wave (4) and will push higher to another high and form the fifth wave. Also in line with Gold and AUD/USD. Entry: Take Profit: Stop Loss:

faris.makki

It appears that gold is near the end of a simple looking ABC correction, which is likely to end at around $1313. Or could extend to the previous low near $1300 and begin the rally from there. My long term target for gold is much higher, due to both technical and fundamental reasons, than the target for this particular trade. (So I may have a bullish bias) Buy:...

faris.makki Updated 

Expecting correction to continue for major indices. Targeting 10,850 at least

faris.makki Updated 

Positive divergence indicating the move down decelerating, as the price corrects 78.6% of the initial move. Also it appears AU has formed a bullish harmonic pattern, indicating a continuation upwards. It appears as if the USD is beginning to weaken against other currencies as well, therefore I believe it's a good time to be long AU. Target 0.78 minimum

faris.makki Updated 

Pretty risky bet, but I think I can see this working well. Expecting UC to continue corrective wave C to the downside. Entry, exit and take profit are all on chart. Although you may prefer to enter after the small uptrend breaks down first, I will attempt to sell on the the fibonacci 0.5 and add when it breaks. Enjoy and take care.

faris.makki Updated 

I believe Bitcoin could drop to recently lows around 2950 once more and test the previous low, which coincides with the trendline support. Also I can see a small inverse head and shoulders pattern forming in the small time-frames, I also believe that if this pattern were to valid, the target would also be near 2950-3000. In addition, I see that cryptocurrencies...

faris.makki Updated 

End of the wave. Entry: 1258.xx Stop Loss: 1237 Take profit 1362

faris.makki

GJ setting up for a good risk/reward long soon, maybe a little too late for it but let's see if we can catch the absolute bottom again with this one. RSI is improving while the price is dropping (bullish divergence) which indicated the bears are losing steam and the likelihood of a move up has increased. In addition, it appears as if at that price GJ will form a...

faris.makki Updated 

Trade is clear, H&S close to resistance so likely possible, in line with alternate wave count also. Not my usual style but will give it a go. Risk to reward ratio is not very good this time so will keep the position small.

faris.makki Updated 

Crude oil is very close to hitting a major trendline and strong support is expected there. Market is in clear consolidation mode as the MacD is stabilizing at centre. Besides this I can be certain that OPEC (as well as some non-opec members) won't allow this to persist for longer because the price is substantially below their objective. And finally the USD has...

faris.makki Updated 

Dax has recently broken out of a rising wedge which has been forming over the past months, it has managed to recover and is close to the lower part of the channel, currently in what seems to be a bullish pennant/flag in the 5m TF, which could send DAX to 12,060 before it begins to drop. Entry: 12,060 SL: 12,123 TP: 11,780 --------- RRR: 5.18 Trade with care.

faris.makki Updated 

Entry: 11820 TP: 11476 SL: 11917 ----------- The trade will be opened before the H&S is confirmed in order for the RR to be more attractive, 3.29 is very good.

faris.makki Updated 

Head and shoulders pattern is emerging. Expecting a significant C wave correction (Elliott wave count). Short entry: 11724 Take profit 1: 11336 Take profit 2: 11183 Stop loss: 11906 ------- RRR: 3+

faris.makki Updated 

Momentum improving. After extended wave 1 and corrective wave 2.. It appears as if wave 3 has already begun, a couple of buy points seems sound, if 141.8 - 142.0 is broken and daily closes above, buy. Or buy at the support level 140.0 or on the 200 MA retest , the choice depends on your risk appetite and if the market is generous enough to allow us to buy at...