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Ahmedmesbah

#EURUSD [D1C] A Drop, A Correction, A Big Drop, A Reversal!SAXO:EURUSD Is currently heading to an important annually demand zone @1.08690 where i am anticipating a decent correction to the nearest weekly supply zone @1.10250 where we technically should see a continuation to the downside to the annual wedge located at its closest point @1.06300 : @1.06500 Where we should see a significant reaction anticipating a push to the upside to make its way back above @1.12380. This scenario might change according to market conditions especially during the shifts between Risk-on Risk-off environments. Follow for more setups... #AHMEDMESBAH
by AhmedMesbah
#USDCAD [Quarterly+Daily] Is this Ground Zero 2020?OANDA:USDCAD If you're long on the #USDCAD then you should check this out first. The pair on Quarterly bases has reached ground zero where all attempts failed to break it on Q1 AND Q2 2019. However, This is the first touch on Q1 2020 and if you're long on this pair then you should think twice before holding your longs. The pair at the same time has reached a double Quarterly Supplies "Just the Proximal lines" this is around 1.33200. There is another close supply sitting above around 1.33500. The current level is a reversal one and the odds of potential continuation requires a significant catalyst to push it even higher and break all these obstacles. Therefore, a good R/R potential opportunity is currently in hand of about 30/40 pips SL. Follow and like for more important #Swing opportunities. #AHMEDMESBAH
Short
by AhmedMesbah
BITCOIN [D1C] Let me make a Point based on COT REPORT!BITSTAMP:BTCUSD Before you BUY! As i see more traders are adopting the hype of a "SURE" breakout to the upside, I just wanted to make a very quick reminder to crack the current situation. Not based on my own gut feeling or my own understanding, but to the fact that Speculators have loaded this range with enough supply to send it lower. Check the chart for their positions, even though their short or long positions usually don't take effect right away, it do have a significant value when its being used again when price in range. Last Specs positions: 7th January: Longs = 3,385 Shorts = 4,820 Last Specs positions: 14th January: Longs = 3,368 Shorts = 4,728 I didn't want this chart to be messy but there are a lot to say about current situation and how many can get the bait. I personally think this is sliding down slowly, but still its not an investment advise... #AhmedMesbah
BITFINEX:BTCUSD
by AhmedMesbah
9
#GBPCAD Is setting up an IMPULSIVE move prior to BoE IRD MeetingSAXO:GBPCAD Sterling pairs are generally setting up for an impulsive move prior to the BoE Interest rate decision meeting next Thursday. The market is pricing a rate cut but if it is to remain unchanged we would see a decent rally to the upside in all GBP pairs. Take in consideration that price might sink sharply before this or do nothing at all. so a decent SL that fits your trading account is essential to be adjusted. Follow for more good R/R opportunities. #AHMEDMESBAH
Long
by AhmedMesbah
1
#AUDUSD [MNC] Are we retesting a breakout zone?!OANDA:AUDUSD I see #AUDUSD as an important pair at the moment as it is retesting a significant breakout zone, price went down to retest 2 vital points. the breakout zone and the big monthly demand zone @ 0.68470 When i see similar breakouts i pay much attention to the price where it should fade. in this situation i can see a retest of the demand as well which adds a lot of credit to the LONG theory. I will be going long this pair as the risk is limited to the expected reward. Setup is cancelled if price would sink below 0.68230 Important note to mention that Speculators have cut 15k shorts compared to the week before. From 79,312 longs on 7th January till 64,318 long contracts on 14th January! Trade it on your own risk. #AHMEDMESBAH
Long
by AhmedMesbah