AlbashafFX

AlbashafFX

NZD/CAD Have been very Bullish at the moment but the price take pause in form of triangle pattern. what we can expect are some continuation if the price break through the upside. stop loss can be placed at 0.87 if the price closed below our Support area we will see price keep pushing down to 0.865 and 0.860 without retest.

AlbashafFX

Yesterday we have been in the short for EUR/USD but not so lucky we're stuck in a consolidation right now. Long wick rejection have been seen both sides indicating a dangerous market to trade. as of now, it is not wise to enter a long trade so we will be looking for another short entry. between 1.090-2 are the best entry if we are looking for short trade, but...

AlbashafFX

We are in a descending channel with high probability of breaking lower. Our upper boundaries channel has reacted to price with several wick rejection, indicating bears moving in to the market.

AlbashafFX

we can see from the chart that GBP are very weak right now. the price now forming descending channel with several wick rejection already. we can enter this short position with stop just above our wick rejection area. there are no good reason for our target with escalating conflict right now, so we believe trailing our stop will be best.

AlbashafFX

As you can see the price have been ranging in Flag pattern for some time and now the Flag have been broken by a strong Bearish Candle. we can seize this opportunity as the price are tryin to retest our Flag zone with stop just above our breakout candle. our next target will be psychological area of 152.000

AlbashafFX

After failing to break 0.928 level the price rejected to 0.915 and tryin again to move upward. 0.923 have been tested once and the result are only fake breakout but now the bulls has once again try to break it, with a strong Bullish Candle on 1H. we can join this trade with stop just below Build Up our target will be 0.928 and 0.933 as extension.

AlbashafFX

1.33 was a very important key level that has been breached last week. Although a very bearish GBP at the moment, we see on 1H chart price are tryng to make Head and shoulder pattern, indicating a corrective measure from the market.

AlbashafFX

USD/CAD have play its consolidation for a long period of time, and at the moment the bears looking to take control of the situation. The Price are retracing back to consolidation area but ahead there are a strong Supply Area that still very very fresh. our first target will be Demand Area @1.26200 with extension to 1.25500

AlbashafFX

on 1D chart we can see that GBP/CAD have breached a key level toward south, and currently GBP/CAD still looking very bearish. we are in a descending channel and at the top border at the moment, it bring us an 100 pips shorting opportunity to capitalize with proper stop. our next target will be 1.68100

AlbashafFX Updated 

As you can see from the chart after sharp decline of last February, the market are in indecision. the price currently at our top descending channel and some rejection have been seen. this bring us a 100 pips short opportunity. our next target will be 1.33

AlbashafFX

the price currently breaking of an important key level. from 1D chart we can clearly see that we are in an ascending channel from Nov '21 this breakout could lead us to 129.000 level with minor supply area at 126.500 stop loss can be placed at 125.000 as a confirmation of fake breakout

AlbashafFX Updated 

0.68 are a strong key level that the market try to break right now. Bulls are keep coming and succesfully form double U pattern, Currently the market are having slight pullback to the neck bringing perfect opportunity for us to join in. If the bulls can signal a strong pressence with a trend bar then we can take it as a confirmation to enter, but if the neckline...

AlbashafFX

92.400 finally breached with a closed 4H body candle. we are open to 92.800 now with a good 2:1 RR.

AlbashafFX

1.41300 - 1.41450 area have been tested twice in the past as a strong Demand area. and being tested once again. We can see strong wick rejection with Bullish trend bar following. our next target will be 1.42750 and 1.43500 as extension. Closed body below 1.41300 will invalidated this setup.

AlbashafFX

As we can see from 1H chart, The Bulls are coming back after found Support, Recent Breakout are our confirmation of Bullish Sentiment Still Intact. We can see there's still room for Growth until @1.39500 We can join this trend if the price touch 20EMA with Trailing Stop or Stop just below our 50EMA. More Conservative way will be to Buy break of our next Supply...

AlbashafFX

The Price Finally Break our 50EMA but found Support @1.85300 This Line has rejected the price two times giving us confirmation of Bulls are coming back. Our next target will be @1.894 and @1.911 as extension. Stop loss at Yesterday Low 1.855

AlbashafFX

As you can see from the Daily Chart, We are currently testing our Strong Daily Support @1793.600-1793.700 But, just above us there are Daily 50EMA and 200EMA that have been tested once yesterday. This Box will be our confirmation of Gold next big move. My recomendation are to wait for clearer Price Action, if it close above or below our Confirmation Box. Our...

AlbashafFX

As you can see from the chart above, we are currently in an Uptrend, The Price keep forming new Higher Low and Higher High Consistently. To enter this Swing Trading oppurtunity we need to catch the next Pullback to make sure our Floating Loss not to big. We believe that our first Demand Area percisely at Trendline will be our Entry Point or the second Demand...