kimozelghonemy

kimozelghonemy Updated 

Welcome traders, in the previous idea we had a suggested DB pattern on this pair but it didn't complete ;so after re-analysis a Double top was in play and the target has been achieved successfully last week. Now as we can see the price has made a deep correction to the neckline of the iH&S pattern retesting it & the broken descending channel , We can look for...

kimozelghonemy Updated 

Welcome traders, Let's start with the Weekly chart to see where we are right now As we can see price has broken a major descending trendline With an inverse H&S pattern and has made a correction. Daily TF Another inverse H&S pattern shows a nice neckline break and a correction Now down to the 4H chart and we can see the price is rising supported with...

kimozelghonemy Updated 

A possible double bottom with targets and stops linking the JPY index for correlation thanks

kimozelghonemy Updated 

Hello there traders 1-We can see a strong uptrend of the price since the beginning of 2021 2-A double top 3-Strong bearish impulsive moves from the price breaking the neckline & the uptrend 4-Sells were taken at the retest of the neckline & 0.5 Fibonacci 5-First TP achieved 6-Waiting for a scale in opportunity if the price retraces back to the area of interest (...

kimozelghonemy Updated 

Hello there, I'm long on this pair because I have : 1-Muiltiple support zones and price still within the range 2- price is near the daily red ascending channel safe trading everyone

kimozelghonemy Updated 

A quick trade idea on JPY index to be used for JPY pairs *previous long idea is linked **EJ trade is also linked

kimozelghonemy Updated 

Hey there everyone, A currency's index can be of utmost importance while trading ,So let's see what's happening with the Yen Index to set targets and apply them to the XXXJPY pairs As we can see the price just broke through an important zone and 2 descending trendlines ,achieving the target of the previous Double Bottom formation Although waiting for more from...

kimozelghonemy Updated 

Welcome traders, Here we can see Oil lies in the correction of a Long term ascending channel of more than one year duration after the break of a descending trendline since 2008 We spotted a nice SHORT opportunity : -a good LQ zone ( Blue ) at around 70 -an ascending correction line in Blue -the upper border of the descending correction in Red -Golden Fibo SL :...

kimozelghonemy

A nice rejection from the Daily descending trendchannel at a golden Fib lvl dorming a Double Top pattern Price is near oversold and may drop to touch the 200 EMA before rising again However returning below the trendchannel again would make us wait for reaction at the zone between 11740-11790 ***Color coding*** Violet Monthly & Weekly Red Daily Blue Hourly Grey...

kimozelghonemy

Last week the USD - supported by mixed data - was consolidating after rejection from the descending trendchannel and still within an important zone near the 92 . Two possible scenarios are in play : A) The price closes below 92 and then DOWN to an important area marked by the arrow 1- Fib 0.618 2-91 psychological lvl 3-retest of the broken Weekly descending...

kimozelghonemy Updated 

the price is clearly in a consolidation state right now but with the 3rd trendline touch and a strong fib level + strong area , the price may move upward to previous highs of 1.43 to make the double top we're waiting for Good luck

kimozelghonemy

Price lies within a short term ascending channel and a strong zone of price action With bullish divergence and a golden fib level it's a good opportunity for going long on the cable TP1 at 1.28 TP2 at 1.29 to 1.295 TP3 at 1.305 SL just below the trendline at 1.267 Good luck everyone

kimozelghonemy Updated 

After the reports released in the US 30/4 The us dollar has gained some of its strength against other currencies including the cable According to the shown setup GBPUSD sits at a nice spot for a long position touching or close to: 1-EMA 50 2- Bottom of an ascending channel 3-0.382 and 0.618 Fib levels on short-term and long-term respectively 4-A well-tested...

kimozelghonemy

We see the price at the lower line of an ascending channel (🔵) so when silver becomes able to break the shown triangle and descending trendline (🔴) beyond the 26 lvl we may see a long term -till the next year- bullish move extending above the 30 lvl and maybe reaching the 35 lvl of 2012 - and probably higher level Notice both slow stochastic and stochastic RSI...