mohamed.tharwat.elsherief

mohamed.tharwat.elsherief Updated 

Price has found minor support in the Weekly Chart and the daily chart shows a double bottom with a breakout for the first S/R. Now the price is attempting to clear the second S/R. I will be watching the breakout in H1/H2 Chart and waiting for a retest before considering going long. The previous gap is acting as a resistance at the moment. Daily H1

mohamed.tharwat.elsherief Updated 

PE has established some base and the first attempt to break out was accompanied by strong volume as shown in this H2 chart. The candle tested the waters of the gap zone but soon price lost its momentum and is now testing another S/R. I would wait for a classic breakout and a retest at the 8.00 mark. This will give me confidence that the next move would fill the...

mohamed.tharwat.elsherief

The share bounced off monthly support after slightly penetrating it to the downside. On Weekly, we had small penetration but the price soon reversed back above S/R. On daily we have a small consolidation and I am anticipating a breakout in the H2 chart. Either I trade the breakout straight away or wait for a retest in H2. Attached Weekly and Daily.

mohamed.tharwat.elsherief Updated 

Breaking out of an H1/H2 range. I like the volume increase that accompanied the gap up or the first attempt to break the range. The range is at 50% fib. H2 attached

mohamed.tharwat.elsherief Updated 

I like the daily breakout on this stock and especially the triple candle formation (Morning Star) at exactly the S/R in the H2 time frames. H2

mohamed.tharwat.elsherief Updated 

AAP is bouncing off Weekly support and just broke out a daily Resistance. A modest target at 50 percent fib on H2 chart can be the first target. H2 attached:

mohamed.tharwat.elsherief Updated 

8:20 to 9:50 If we break the current Resistance at the 8.20 mark, we can easily anticipate the price to reach 9.5. The possible continuation, later on, is to try and fill the gap.

mohamed.tharwat.elsherief

I am pointing at this stock because the last monthly candle has recorded a historical monthly low since 1986!. Would we have a bounce back to at least test this monthly S/R? Are we going to have more bearish levels? In Daily, we have a bullish divergence on both MACD and RSI and a relatively strong volume on the last candle. In H2, the divergence is...

mohamed.tharwat.elsherief

EmiratesNBD is bouncing off support in the Weekly chart. And in daily we have some attempt for a possible breakout. A classic breakout and a retest should be observed before attempting to get long. We are just playing bounces and it is hard to tell if we will witness a reversal in the overall bearish trend. Daily Chart MACD and RSI are showing us a...

mohamed.tharwat.elsherief Updated 

Price bounced off support in the weekly chart. The daily chart shows the first breakout of the first S/R offering opportunity for a long position to target the second Daily S/R followed by a possibility to target higher prices after filling the gap. Daily H1

mohamed.tharwat.elsherief

Price has found short correction on the Daily timeframe and may attempt to fill the gap. Looking at H2 chart, we need a clear breakout and a retest, then we may consider buying.

mohamed.tharwat.elsherief Updated 

Price has formed an inverse Head and Shoulder on Daily Chart and broke through the nechkline. On H4, Price has retested previous S/R (Neckline). An Ideal long for multiple lots with the last lot targeting weekly highs. Stop loss should be placed below 1.8047 and targets for multiple lots should be set accordingly.

mohamed.tharwat.elsherief Updated 

We are in a bullish weekly Trend and we recently broke a H4 Trend Line and bounced off the lower boundary of a channel. We can either target the recent high (Very conservative) or the the upper channel. Money Management : We can split our order to two. The first targetts the recent top and the other targets the upper channel line.

mohamed.tharwat.elsherief

Well, we are on an H4 support for sure and a bounce off this support is not hard to guess and we have nice bullish divergence on Lower Time Frames. But, we are in a weekly Resistance and the daily and H4 candles that fell from the most recent R are very strong bearish candles in my opinion. I will wait for more PA to show me more clues for next bias.

mohamed.tharwat.elsherief

weekly Resistance Daily Support I prefer to be neutral with NZD USD at this moment. Well, On weekly we had a rejection off Resistance. While on Daily, we have a bounce off support. On H4 it is very bullish. It may be acceptable to buy now but we have to be very cautious for how much the pair is going to move.May be price wants to test the previous high of...

mohamed.tharwat.elsherief Updated 

We can enter market and buy the break of this M15 channel with a strong bullish divergence. Overall trend is bullish on H4.

mohamed.tharwat.elsherief Updated 

Price entered a daily resistance zone (though not deep enough) but we have a break of an upward channel. We sell now market targeting the most recent H1 support.

mohamed.tharwat.elsherief Updated 

We are at a Daily Resistance and we expect some pull backs. There is no sign of a reversal yet. We just want to trade this pullback and our entry time frame is H1. We have a MACD (Lines) divergence and we enter on the break of Trend Line.