zohaibayub85

zohaibayub85 Updated 

I am shorting BTC at 5900 with a stop at 6250 and a TP at 5050. With the strong down trend I believe we will break the crucial support level at 5775. No signs of reversal from the price action hence going short. Good risk to reward 1:3. Might change the TP further down depending on how we approach the next support level of 5050

zohaibayub85

Clear head and shoulder patter on XVGUSD. Going short at current price

zohaibayub85

The price is sitting nicely on the 200 day moving average (Black line). Usually this acts as a good point of support and would need some serious trend reversal to break this barrier. This level has also acted as support and resistance previously as shown by the blue arrows. We are also in a consistent upwards trend. Hence going long at 3.52374 with a stop at...

zohaibayub85

This pair is nicle poised for a quick short position. The black line at 0.8850 has acted as resistance a number of times previously and I expect the price to fall again after testing this area. Take profit is at green line 0.8754 (96 pips) and stop loss at red line 0.8903 (55 pips) It gives us a risk to reward of better than 1:1.5

zohaibayub85

2 simple scenarios here, the first one is the black line at 0.7316 should act as resistance as it has previously done many times as shown by the blue cirlces. I have set an order to go short with a stop loss at 0.7352 (214 pips) and a take profit at 0.6843 (474 pips) which has acted as support for sometime. The second scenario will be a break out situation...

zohaibayub85

The black line has acted as support previously as clearly shown by the blue cirlcles. I expect this pair to take support again and hence have set an order to go long at 0.9964 and take profit at 1.0097 and stop loss at 0.9895. That is about 130 pips take profit and about 70 pips stop loss. I use very simple price action trading and technincal analysis, always...

zohaibayub85 Updated 

It's a good risk to reward. I have set an order to go long at 1240 and a stop loss just below previous support. Take profit is also set at previous resistance. This is a long term trade and could easily take 4-5 months to achieve its target. The 50 day MVA is also likely to provide support at this area. Will watch candlesticks carefully around this area to get a good idea.

zohaibayub85

The pair has been ranging since April. We have a pullback to the range support and also reversal candlesticks forming. The price action seems suitable to enter long. We will need a small pullback for the order to be executed.

zohaibayub85

We are in a clear down trend and have a nice pull back to a previously established support level now acting as a resistance level. We are also in between Fibonacci retracement levels of 50% and 61.8% We also have reversal candlesticks forming, clear pin bars. Also at the 50 SMA. All these factors have contributed to us shorting this pair. The stop loss is slightly...

zohaibayub85

The long term trend on this pair is still Bearish,we have pulled back to a very nice resistance level, with price near the 61.8 Fib level from previous swing high to swing low, we are also at the 100SMA and a previous horizontal resistance level now acting as support. We can also see CAD strength across other pairs, EUR is also weak fundamentally. Canadian...

zohaibayub85

This pair has many technical factors in favour of it. We are at a 50% Fib level, a horizontal support level and also a trend line support level. Also above the 200 day SMA, hence going long at 8300

zohaibayub85

The 173.20 level has been significant for this pair acting as resistance many times. I expect this level to now act as support. We are also in a clear uptrend and above the 200 and the 50 SMA. We are also at a 61.8% Fib retracement from previous swing low to swing high. Hence I have set an order to go long at 173.20 with my stop at 172.40 and T.P at 175.30 This...

zohaibayub85

The blue trendline is coming from the highs of 2008. Price is below the 50 SMA and the 200 SMA so a clear downtrend. We are also at a minor .23 Fib level. as of such i have set an order to go short at 3620 with my stop at 3660 and t.p at 3510. www.sz-ventures.com

zohaibayub85

Price has been stuck in a very tight range(blue rectangle), for the past 2 weeks or so. Price is also at the trendline support. CAD is showing significant strength against other pairs as well. JPY is fundamentally very weak. Hence the order to go long at 93.75 with the stop at 93.30 and HALF T.P at 95.00. 2nd T.P is open.

zohaibayub85

A Bullish engulfing bar pattern formed on friday, as of such i have set an order to go long.

zohaibayub85

Very wierd chart, also displaying the same thing on my brokers chart, any one have any idea what this is?

zohaibayub85

A doji is forming off horizontal support coinciding with the bottom trendline of an upwards channel on GBPAUD. We're also at a 61.8% Fibonacci retracement from the recent swing high to swing low, and are just below the 50 SMA. All these factors suggest to me the prescence of a turning point. As such, I put in an order to go long at 7990 with my stop at 7920. My...

zohaibayub85

A death cross occurred in this pair. The stop loss has been placed just above the previous swing high. I am using a very small position size on this due to the big stop loss. I will take half at 1.41909. I will hold out this position for a long term considering this pair doesn't seem to move around too much.