This pair shows two candles reversal pattern as shown in the chart above. The first one was Hammer with a bullish body that stops the price at (0.8951) and prevents it from dropping below that. The second one was a bullish engulfing candle that takes the price from the same support (0.8951) and pushes it higher. I believe whenever the market open and the price...
I believe there will be a good opportunity to sell CADJPY. This opportunity must rise after one of the following conditions is satisfied which are: The price should retrace back to 83.89 and once it reached this level the MACD should not break the indicated level in the drawing above. And for more confirmation look for Engulf bearish candle or any other...
I believe this pair NZDCAD will have a new bullish move but that will never happen until one condition satisfied which is the price should drop to 0.8639 and once that happened there should be either engulf bullish candle or bullish hammer formed which means that this level is more bullish than bearish.
I believe the above resistance will be broken and the price will pullback to test it. Once the price failed to go below it when it pullback after crossing it, the new bullish move in USDCAD has high probability to occur.
I believe there will be new bullish move in pairs that have USD as second currency such as AUDUSD, NZDUSD, GBPUSD..... for example the above chart for daily AUDUSD. In order for bullish move to come true and to seek high probability to success in this trade there should be two conditions must be met. First of which the price must go down to point C or near...
Walt Disney shows giant move after the news of lunching new streaming service like that Netflix has. This news made the stock hit its all time records and increase 12% -13% in one day. That giant move come with strong momentum, and since this momentum faded and start to increase without stock going below that height which made in 12th of April 2019. I totally...
This pair is about to move as I believe in reverse Head and Shoulder pattern. But in order to prove this pattern is completed all its elements must comply with the following condition. The price should cross above the level 0.62889 and pullback to it and test it as support level and then it will move up to the 0.64324. The setup for this trade will be as...
Starting from January 2018 until now the major U.S indexes were going in strong down movement that followed by weak reverse movement which made me conclude that the correct wave for the market is down while the correction wave is up. But I am still wonder if the market or S&P 500 will reach 2000 point when its drop next time or it will go beyond that.
This stock is drooped to reach support level with fading down momentum. I can recommend trading this stock in only one conditions " if the price go up in high volume and reach or cross the level of 262 $ and pullback in low volume" in this case the stock might form reverse head and shoulder pattern which will increase the probability for this trade to success or...
This stock has been watched for so many days. Since there is a fading in momentum and the price fulfill many filters. I can strongly recommend buying this stock in swing trade once its satisfy the last condition which is:- 1- The price need to be either hit 310 and pullback with low volume, and then place buy order when it crossed 310 going up. 2- Or when price...
I believe it will be good idea to make swing trade and buy Facebook. Despite the struggle the company is going trough - in privacy and user data protection issues not sales issues - I believe its stock will swing up in bullish move to reached 200 or about that level before its go down in strong movement.
I believe that Apple stock will go up after slight drop to reach the support level at 199-200 and then go up again to reach the highest level for it which is 225 $ and then will start its large drop that preceded its previous one which start 8th of OCT 2018 and reached 142 $. But this time the drop will move fast and will go beyond the previous level which was 142...
I have strong believe that Dow 30 and all other indexes will drop in sever correction wave for its almost 10 years rising. The reasons made me believe so is that: The momentum that made the stock market rise was fading. The reason behind the Dow increment is the lagging stocks and other companies that have consumer products such as coca-cola, where they were...
I totally recommend selling Oil at following data :- - Selling price = 53.5 up to 54.5 - Stop loss = 55.5 - Taking profit = 44.5 or 46 or 47. The down trend for oil is strong and the oil will continue its drop until it reach at least its previous bottom which was 42.5
Based in my opinion gold had moved fast in the last two weeks or so based in political events and some of the U.S bad data which made investors rushed to the save heaven like gold and Japaneses Yen. There was no other rational reason for that extended spike that made gold breaks 20 Feb 2019 high which was 1341. I really believe that the trend marked (1) in the...
What I can see here is good opportunity for selling this pair since the price is went down and get back in correction phase, and once the momentum is stop going up and start to fad it will continue going down as the following: Selling at = 1.6118 stop loss = 1.61693 taking profit at = 1.59386
Gold starts its bullish movement when its break the down trend. When price drop and reached the 1281.75 and maintain this level with momentum drop to trend-line that appeared in the above graph. it will be good opportunity to buy gold and made profit in what looks like the third wave for this new bullish movement.
Based in the chart above the momentum for Apple stock reached to the last its high which was in 6 of August 2018 and 6 of September 2018, but the price failed to reached to the prices related to the previous momentum which was 228 $. The momentum is also started to fad and go down. Based on that I believe that Apple stock will reach 220 $ or around this price...