Waqas-Niazi

Waqas-Niazi

for now rising support is tested and held. a probable double top and a rejection around 1710 before dropping to 1300s.

Waqas-Niazi

it appears a break below 18500 is imminent, and btc may target 16000 on 1.618 extension.

Waqas-Niazi

Imo, at current level, the chart view is neutral. i would wait for either a break lower to 1.0970 to buy OR see for reversal signals at current level to make a double bottom at current price, which will be bullish for medium-short term. however, as the dxy is strengthening, so i think, the probability of seeing a new low around 1.0970 is high - which is also a...

Waqas-Niazi

IMO, EU has started to top due to a number of resistances above and its near the top of couple of ascending wedges and is likely to break down from a level of around 1.1175. Plus the current level is also the .5 fib of recent highs, where it is currently consolidating. IMO shorts can be added at 1.1170 area or at current levels if bearish signal is sighted. ...

Waqas-Niazi

IMO, as drawn earlier, i think the retraecment has started and from recent highs, minimum retracement in my opinion goes till 119.1. which is also an intersection of two resistance zones.. corrections please?

Waqas-Niazi

IMO, XAUUSD is with in ascending triangle from early 2018 highs. currently at resistance around 1553 and may slowly rise to around 1565 to clearly form a right shoulder and ready to short from 1565 to a level around 1524. Corrections please

Waqas-Niazi

IMO, weekly indicates a resistance at 110.2- 110.47, which the price action has rejected and this is also the 61.8 fib from Sep, 19 high. i expect it to retest 109.1 in short term. comments please?