faris.makki

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Joined Oman
Markets Allocation
16 % forex 84 % other
Top Mentioned Symbols
USOIL 24% | 9 XAUUSD 18% | 7 GER 18% | 7 SPX 8% | 3
faris.makki faris.makki SPX500, 30, Long ,
SPX500: S&P long Inverted H&S
137 0 7
SPX500, 30 Long
S&P long Inverted H&S

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 faris.makki USOIL, 240, Long ,
USOIL: Huge Long Crude Oil Opportunity
796 6 34
USOIL, 240 Long
Huge Long Crude Oil Opportunity

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 faris.makki GER30, 30, Short ,
GER30: Short DAX opportunity
411 0 18
GER30, 30 Short
Short DAX opportunity

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 faris.makki GER30, 30, Short ,
GER30: DAX 30 Short Opportunity Head and Shoulders potential
188 0 12
GER30, 30 Short
DAX 30 Short Opportunity Head and Shoulders potential

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 faris.makki GER30, 45, Short ,
GER30: Short Dax - H&S & losing momentum
353 3 16
GER30, 45 Short
Short Dax - H&S & losing momentum

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 faris.makki GBPJPY, D, Long ,
GBPJPY: GBP/JPY Long position for wave 3
187 0 12
GBPJPY, D Long
GBP/JPY Long position for wave 3

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 the ...

faris.makki faris.makki AUDUSD, 30, Short ,
AUDUSD: Short AUD/USD
184 1 9
AUDUSD, 30 Short
Short AUD/USD

Bullish sentiment weakening. short the break of bullish trend line. TP is safe and modest right next to recent lows. Risk/Reward reasonable Multiple approaches: 1) Short the break. 2) OR wait for consolidation of the new resistance after the break (safe) 3) short when 0.77071 (before or after breakout - high risk) Take Profit: 0.75605 Stop Loss: ...

faris.makki faris.makki XAUUSD, 120, Long ,
XAUUSD: Long Gold
785 6 26
XAUUSD, 120 Long
Long Gold

Positive divergence and oversold. Price likely to rise especially due to DXY high chance of pullback. Buy the breakout or at 1247. TP 1299. SL 1229

faris.makki faris.makki UK100GBP, 240, Short ,
UK100GBP: Short UK100 (FTSE100)
1039 5 26
UK100GBP, 240 Short
Short UK100 (FTSE100)

Fundamentals weakening. Negative divergence on daily chart. Investors likely to pull out. Short on breakout. good RR.

faris.makki faris.makki EURUSD, D, Long ,
EURUSD: Long EURUSD
325 4 15
EURUSD, D Long
Long EURUSD

Technicals are improving, expecting first impulse wave upwards.

faris.makki faris.makki USOIL, 60, Short ,
USOIL: Crude Oil Short opportunity
650 0 19
USOIL, 60 Short
Crude Oil Short opportunity

Double top at 46.5 sends oil down, triggered by Saudi oil production freeze deal high probability of failure. From elliot perspective this could be described as impulse wave 1, assuming this is wave one, the retracement is likely to occur at 0.5 fib of the move, given the oversold RSI on the 60m chart, we are likely to find an entry at 45.35. Wave 3 should be the ...

faris.makki faris.makki XAUUSD, 240, Long ,
XAUUSD: Gold Inverse Head and Shoulders
494 1 18
XAUUSD, 240 Long
Gold Inverse Head and Shoulders

MACD cross over and oversold RSI at strong support level at 1300-1310. along with inverse head and shoulder pattern forming. Expecting a move to 1380 minimum if pattern is completed, especially with uncertainty in risky assets.

faris.makki faris.makki USOIL, 60,
USOIL: Crude Oil Quick Long Then Bigger Short
356 1 14
USOIL, 60
Crude Oil Quick Long Then Bigger Short

Positive divergence spotted on all 3 indicators + near Fibonacci and support cluster. + inverse H&S spotted on MACD 1H tf, expecting pullback to at least 0.786, quick long position will be closed at that point, then will wait for golden fib 0.618 which coincides with key level (44.6-44.7) and hopefully short it to support of current flag pattern at fib extension ...

faris.makki faris.makki XAUUSD, 30, Long ,
XAUUSD: Long Gold
404 0 20
XAUUSD, 30 Long
Long Gold

Oversold indicators, bullish divergence and strong support at this level. Also expecting US dollar to consolidate which will help drive up gold higher and possibly even oil. Entry 1305 TP 1335 SL 1297

faris.makki faris.makki EURJPY, 240, Long ,
EURJPY: Buy EUR/JPY
81 1 7
EURJPY, 240 Long
Buy EUR/JPY

Improving technicals, Good support found. YEN likely to decline from deliberate government intervention (to protect exporting companies). Also possible inverse head and shoulders.

faris.makki faris.makki USOIL, 120, Short ,
USOIL: Short Crude oil
430 2 15
USOIL, 120 Short
Short Crude oil

Oversold RSI, Bearish harmonic pattern. declining MAC D and KST. TP: 43.4 else main uptrend line for safety

faris.makki faris.makki USDJPY, 30, Long ,
USDJPY: Long USDJPY
464 4 20
USDJPY, 30 Long
Long USDJPY

Reversal

faris.makki faris.makki USOIL, 45, Short ,
USOIL: Short crude oil
143 3 14
USOIL, 45 Short
Short crude oil

Negative divergence printed already in all 3 indicators, approaching strong resistance (45.8)

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USOIL
Crude Oil (WTI)
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DAX index of German listed shares
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