aslamhammad

aslamhammad

EUR/USD looks bearish at the moment. Price found good support around 1.2000 earlier but if the price goes below it...I think we'll see a 30pip drop to 1.1170 where buyers can try to buy again up to 1.1270.

aslamhammad

There is monthly support 1 at 1.2700 and price is oversold in the daily. Hence in my opinion price will bounce back upto 1.2860. Thanks!

aslamhammad

It's looks like a short. First sell @ 1.2860 targeting==1.2760 (lucky bear who entered on overbought bull :p) Second sell @ 1.2760 targeting==1.2660 (greedy bear who can still make some $$$ :) ) third sell @ 1.2660==1.2560 (Oversold bear can reach if already in a short position) Good Luck :)

aslamhammad Updated 

Looks bullish to me :p.

aslamhammad

There's a head and shoulder pattern in H2 chart. It's a good short near 61.8% ratio. TP near 23.6% ratio.

aslamhammad

A low price attracts buyers :p....And a high price attract sellers==Economics==supply and demand stuff :p Buy @ market 1.2050 Sl @ 1.1950 TP @ 1.2100

aslamhammad

Well the monthly chart speaks for itself, we are in a bull trend, i expect 900$ price to go in couple of months :)....Time to buy Amazon :)

aslamhammad

Well it looks like a buy in h1+ in the monthly chart I would buy @ 1.7000 SL @ 1.6800 TP @ 1.7200 Good luck

aslamhammad

Well it looks bullish in intraday chart + daily chart + weekly chart. Next earnings in January have a positive forecast as well :). Time to buy apple stocks :)

aslamhammad Updated 

Well she looked bullish earlier however she start loosing momentum, and currently seems to be trading inside a bull flag or bull trap zone. In my view, this price should first technically go down with respect to fundamentals. So, if we see no change in the cash rate and interest rate of AUD remains @ 1.5%, in that case AUD/USD should technically go down first. I...

aslamhammad

New structure formed in h1, so it looks like a possible bearish impact after AUD interest rate release. It is however not certain, but a possibility. Max target is around 1.7440 On balance volume suggests a short as well

aslamhammad

Well if my analysis is correct, i think we are trading in the 4th wave, it's pretty choppy isn't it :p. Anyways, let's come to the point. I expect it to go down, as the 5th wave should go south technically. So technically she's a short, but the question== how much leverage do you use? well i like the safe side 12% risk per trade, so i can use upto 200pips as...

aslamhammad

Well Economics says buy low and sell high :p..... Conclusion==Buy @ market TP @ 1.3300 SL @ 1.2800

aslamhammad

Well after Britain exit EU in the previous Referendum on June 23rd, this past week Bank of England decided to cut interest rate with 25basis points for the first time... In my view, price is currently trading a downtrend flag.....Which means only buy above the middle bollinger band or flag breakout area. Buy @ 134 TP @ 136 SL @ 132

aslamhammad

Well if we look the 5th wave it points north :p== Conclusion==No interest rate hike babes :) Buy @ market (1245) SL @ 1200 TP @ 1380

aslamhammad

Well if you see RSI its giving a buy signal at the moment + according to elliot wave we're trading in the 4th wave==bull trap zone or bear flag. Resistance zones are 0.7300-0.7400 (actual target for the fourth wave) Now for the 5th wave to become successful==Bears will be waiting to short below 0.7200 targeting 0.7150 support==a weak area, which can be broken,...

aslamhammad

She is currently in the short Zone 61.8 Fib + we have a shooting star candle in the daily Trading in the 4th wave in my opinion==the flag zone Expecting price to go down from here Sell @ 110.00 SL @ 112 TP @ 108.00

aslamhammad

She is in the buy zone now..... Elliot wave==4 (bear flag zone/ bear trap zone) Suggestion Buy @ market 1.1150 SL @ 1.1050 TP @ 1.1250