Abdulla-yousif

Abdulla-yousif

On 3rd of September the price had dropped down from the supply zone and now it is getting close to it again. I see that If the price reaches the supply zone, a head & shoulder pattern is created, and the neckline is broken then we can look for sell opportunities accordingly. DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES

Abdulla-yousif

On 19th of August price had shown respect to the demand zone and now it is retesting it again On the 1 hour frame a reversed head & shoulder has almost been created. I see that if the neck line is broken then price will rise to the nearest moving average or swing high. DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES

Abdulla-yousif

The price has been showing respect to the supply zone sine 19th of July. For now there is no trading opportunity as the price is still not showing any clear direction. On the long run, a head & shoulder pattern has been already created below the supply zone and If the blue neck line is broken with a fully liquid candle on the (daily frame) then I see there is a...

Abdulla-yousif

In the previous point we mentioned that if the neck line of the head & shoulder pattern is broken then price will drop off the supply zone. Price did not break the neck line and the price is moving higher. I will Wait for it to reach the (supply zone 2) and If a new head & shoulder pattern is shaped inside the zone and the neck line is broken then I see that...

Abdulla-yousif

The price has reached the supply zone and a head & shoulder pattern has almost been created on the 1 hour frame. I see that IF the neck line has been broken with a full liquid candle then there will be a chance for the price to reach the nearest moving average or swing low. DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES

Abdulla-yousif

Until the 20th of August the full 5 waves of Elliot have been created, since that date the new (wave 1) has been shaped as a downtrend. Wave 2 is in progress right now and it showed no respect to the (supply zone 1). I see that If price reaches the (supply zone 2) and a clear head & shoulder or double top pattern is created inside the zone or even slightly above...

Abdulla-yousif

In the previous post we mentioned that a double top pattern had been created in the supply zone and if the neck line had been broken price would drop to a certain point. I see now that the neck line has not been broken so far and a higher top has been created instead, preparing for a head & shoulder pattern with respect to the same neck line. So the same...

Abdulla-yousif

The price has almost created a down trend on the 1 hour frame and it (may) reach the Demand Zone. If it reaches the demand zone and a clear reversed head & shoulder or double bottom pattern is created inside the zone and the nick line is broken then I see price would jump up to the nearest moving average or swing high. YOU NEED TO KNOW HOW TO TRADE THE HEAD...

Abdulla-yousif

The price is respecting the supply zone so far and it has created a couple of head & shoulder patterns on the 1 hour frame before it drops down. Mean time it is retesting the zone again and in case another clear head & shoulder or double top pattern is shaped inside or even slightly above the zone then I expect the price to drop down to 0.90161 On the long run,...

Abdulla-yousif

As mentioned in the previous post, the 4th wave was in progress until it reached the supply zone. The price has extended a little bit above the zone but a double top has been created on the 1 hour frame with a second top lower than the first one and a good divergence is shown on the RSI. If the price breaks the nick line (with a full candle on the 4 hours chart)...

Abdulla-yousif

As expected in the previous post, the price has reached the supply zone and a clear double top pattern is created on the 1 hour frame. If the price breaks the nick line (with a full candle on the 4 hours frame) then I expect it to continue falling down to the nearest moving average or swing low accordingly. DO NOT ENTER THIS TRADE WITHOUT PROPER RISK MANAGEMENT...

Abdulla-yousif

On the daily frame, the price touched the 200 Simple Moving Average on the daily frame and dropped down with respect to the supply zone. On the 4 Hours frame I am still waiting for a clear head and shoulders or double top pattern to be shaped before the price breaks the nick line and drops down. DO NOT ENTER THIS TRADE WITHOUT PROPER RISK MANAGEMENT, YOU ARE...

Abdulla-yousif

The price has shown respect to the demand zone that we mentioned in the previous post and if the candles keep showing upward signals I expect it to reach up to the 200 simple moving average on the 4 Hours frame BE VERY CAREFUL WHEN TRADING THIS PAIR CUZ THIS IS GPBNZD, IT CUTS BIG MARGINS OF YOUR ACCOUNT, MANAGE YOUR RISK PROPERLY THIS IS NOT A RECOMMENDATION

Abdulla-yousif

The head and shoulder pattern has been shaped inside the supply zone with some extensions above it. the nick line has been broken on the 4 Hours frame. Be very careful as the price is touching the 200 simple moving average and may jump out of it towards the Supply Zone again. I see that there will be a retest of the supply zone and IF a strong price action is...

Abdulla-yousif

Price had jumped of the demand zone and now moving up towards the supply zone If a head & shoulder OR double top pattern has been created then I look for a sell opportunity with all conditions fulfilled TAKE CARE OF RISK MANAGEMENT, YOU ARE RESPONSIBLE FOR YOUR TRADES, THIS IS NOT A RECOMMENDATION

Abdulla-yousif

After hitting the supply zone for two times creating a double top pattern, the price has crossed the neckline and now is moving down towards the demand zone. I will wait for a clear pattern to be shaped inside the demand zone such as reversed head and shoulder to buy, the target should be nearest moving average or swing high THIS IS NOT A RECOMMENDATION, YOU...

Abdulla-yousif

The price has already reached the supply zone and we need to wait for the price action to be shaped inside the zone on the 4 Hours frame BUT that is not enough for the short position to be confirmed If you look at the daily frame you can see that the simple moving average 200 is waiting for the price above the supply zone. I see that price may pass the zone and...

Abdulla-yousif

The price has jumped out of the demand zone and it is moving towards the supply IF it reaches the supply zone and price action is created inside the zone then I expect it to fall to the nearest moving average or swing low DO NOT ENTER THIS TRADE WITHOUT PROPER RISK ANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES