Jamal92

Jamal92 Updated 

I am so glad to be back posting after more then a year. My technical's are bleeding that its oversold but due to the fundamental for the Aussie being so poor keep a tight look on this but from what I can see its a great R:R. The technical side looks great. We haven't seen AUD/CHF at this level since 2016 so hopefully that level will be supported and expect a rally...

Jamal92 Updated 

Similar to CAD/JPY this pair has increased a lot in 1 month by about 6% so with that being said my technical's are showing me that the RSI has hit overbought regions and the stochastic has now start to head down and with NZD hitting recent highs in nearly all majors & lastly it closed below the resistance line which has been around since 2015 and also...

Jamal92

NZD/USD has rallied by more then 4/5% since May without a pullback. The signs I see is that a divergence has formed on the RSI and the stochastic indicating that its overbought on the weekly (You can see whenever the stochastic hits overbought levels there is a drop) and lastly it has broken through the more then 1 month old trend line and also struggled to...

Jamal92

The CAD/JPY pair has increased by more then 7/8% in a month. The RSI and Stochastic are indicating to me that its seriously overbought and its hitting a very strong resistance that has been around since 2015 so a correction will in order in with all these indication I feel that this is defiantly a sell. Keep in mind that the bank of Canada will more...

Jamal92 Updated 

* Long Term I can see a big opportunity of a bullish setup occurring. The bar retested the 50% Fibonacci it developed a hammer candlestick and all this around a long term trend line (Over a year old). I find this more then valid as it ticked all my boxes. Keep a great eye on this one - Huge profits!

Jamal92 Updated 

With a hammer candle being already formed in the daily and closing on top of the trend line with the RSI stating that this pair is oversold. I am highly confident of this pair being a buy and will hold unto this position till around the 85/86 levels . P:S Fundamentals is also saying that there is a lucrative deal occurring for Australia in increasing...

Jamal92 Updated 

The support line has been tested 3 times and the RSI is indicating that this pair is oversold , You can clearly see that whenever the RSI hits those levels of oversold it shot up. I will set this pair for a buy and will hold unto this till around the 1.01600/1.06700 levels. P:S Fundamentals is also saying that there is a lucrative deal occurring for...

Jamal92 Updated 

The daily candlestic k closed on a strong support which was around since the 18th of January 2017. I have left an order for a buy and will hold to this pair till around the 0.76000 levels . The RSI is also nearing the oversold mark which is another indication that a buy is in order P:S Fundamentals is also saying that there is a lucrative deal occurring for...

Jamal92 Updated 

The trend line has been respected since the 23rd of November 2016. I will set my order when it touches the trend line but ONLY if it doesn't break it but respects it. I will then leave my order and hold it till around the 87.500 levels.

Jamal92 Updated 

My view on this pair is a short in the long term but for now I am expecting two ways, If the trend line is respected, I will set a buy till it hits my target of 0.79960 levels. I will then wait for a short if doesn't breakthrough the 0.77100 levels.

Jamal92 Updated 

It has respected the trend line for more then 4 weeks which would indicate a strong support. I have left my sell order just below the 1.00153 level which will activate my order and will hold unto it till it hits around the 31st of January's low.

Jamal92 Updated 

A doji was formed around a strong resistance line on the 4hr time frame. I am comfortable that a drop will occur and will I hold unto this position until it reaches the 50% Fibonacci line. In which I will conclude if this position has potential to move further down. My stop loss is above the resistance line.

Jamal92

A hammer candle has formed on the Orange trend line (Resistance) which is big indication for it to go down but keep note that Teresa May will be talking about brexit on a Tuesday which will cause this pair to be volatile in either position but for Monday, I can clearly see it go all the way to the purple trend line (Support) if the resistance line does not get...

Jamal92

The trend line ( Purple ) has been tested twice and and the resistance ( Green ) that was formed on the the 14th of December was tested and caused a drop on the downside and nearing the trend line. If it breaks through that expect it to hit the 1137.33 levels and if it doesn't breakthrough that and respects the trend line. I will hold the position till it hits...

Jamal92

The chances of it breaking through on the downside or the upside is pretty high. If it breaks through the trend lines ( Purple & Orange ) expect it a rally in either side. Keep a good look on it to avoid any fake breakouts so keep your SL tight.

Jamal92 Updated 

Its been in a consolidation for about a week (Due to the holidays), if it breaks on the downside prepare for a sell but keep an eye for any fake breakouts. When I activate my trade. I will hold unto this position till around the 78.6% ( 0.9396 ) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.

Jamal92 Updated 

It had been bearish for more then a week and I witnessed a short term resistance trend line ( Orange ) forming since yesterday and if it breaks through that expect a rally on the upside and maybe hit last weeks high in the long term . Text in green is my take profit area.

Jamal92

Neutral Position - It has hit a monthly trend line which was tested 3 times . Keep an eye to see if that line gets respected or if its breaks through it. Great opportunity.