ZainShamim

ZainShamim

Bearish trend continuous by formation of another cup & handle pattern on 30M time frame . Short calls can be taken from here

ZainShamim

GBPUSD faced valid resistance of 1.24526 on 4 hours chart you will see that it's making double double on exact same levels previously and it's a supply zone if seen on daily basis. Further formation of head and shoulder pattern confirm that GBPUSD has entered into bearish mode and short calls can be taken .

ZainShamim

USoil is moving in parallel channel on 1hour and expected to move downwards with proper risk management tp of 72 can be enjoyed

ZainShamim

Oil making trend continuous pattern for bullish move . Cup and handle formation indicates that price will go above and make bullish move today.

ZainShamim

EURAUD forming reversal pattern of head and shoulder on 30M and 1H timeframe . If it breaks neckline with volumes it will be going downwards to 1.53000.With proper stop loss traders can take a short sell ride from here

ZainShamim

Nasdaq making inverted cup and handle formation and after completing its handle retracement it is going down with the major support area of 11605. Stop loss area should be the 11850 .

ZainShamim

All those who love to trade UK100 need to see the range bound activity of index between 6700 to 7700. For a very long period of time it has been moving with in 1000 points range and this could be the signal of any big move in coming period if it moves in any direction with big volumes . But until unless it doesn't clear out this area best strategy to trade is buy...

ZainShamim

Gold XAU is about to take a bearish ride as the dollar will get more stronger due to Fed increasing of interest rate and this will have effect on gold bearish pattern. Plus it shows a bearish divergence in RSI also

ZainShamim

Gold is in bearish zone can take short sell trade as the dollar becomes more stronger metals will slide down

ZainShamim

Possible trend reversal sign as gold has formed head and shoulder formation on 1 hour chart and is looking to go down . Take trade according to your risk and reward ratio

ZainShamim

Gold formed double top and needs a big green candle to change the price action . So possible trades can be taken

ZainShamim

Silver is showing resistance on the level of 20.50 and further formation of evening star and double top is an indication that it can retrace itself to 19.50 according to fib levels but keep in mind on daily level its higher high and higher low is still intact

ZainShamim

BTC is respecting the trend line support and further making cup and handle formation for short term bullish movement

ZainShamim

US OIL will be retracing on the hourly basis . Take trades with proper stop loss as the charts on daily basis has still not shown reversal

ZainShamim

S&P is in descending channel and will hit the lower lows is pattern is followed

ZainShamim

Nasdaq on fib retracement levels showing downwards movements to at least 50%

ZainShamim

GBP/USD expected to retrace at least to 60% levels and then to make further move

ZainShamim

After remaining in area of 18000 to 21000 for quite a time BTC seems to move in up wards direction as it has given a clear signal of breakout . With proper stop loss target we can enjoy the new bullish ride