FahimLatif

FahimLatif

UJ successfully broke my trendline and reached out my support level which would be the first TP. The pair is due to experience a potential pullback towards 111.10 to keep dropping later on.

FahimLatif

UJ just broke the latest Ichimoku cloud and also the ranging area where it was consolidating for a whole week, I'm expecting it to drop heavy until 110.60

FahimLatif

After yesterday's drop, the pair has bounced on a S/R area. If it keeps pushing up, I'll be expecting it to reach the next resistance level.

FahimLatif

Simple trendline breakout + pullback, targeting next resistance.

FahimLatif

After the aggressive drop, I'm expecting Gold to retrace back towards 61.8 Fibonacci level (where our trendline is) and then continue the bearish trend from there.

FahimLatif

The pair has just bounced in a major trendline. I'm expecting the pair to drop towards the lower trendline but it will be ideal to take partial profits as soon as it touches the support level in 20 pips. However, in the long term, this could be a very profitable short swing trade with a very good risk/reward ratio (30 pips SL). All indicators and oscillators are...

FahimLatif

After completing an inverse Head and Shoulder pattern, the pair is facing multiple rejections from the resistance area where the price is currently sitting. I'm expecting the pair to drop towards the lower trendline as 4h and 1h charts' RSI are showing an overbought market, and also, previous Elliot Waves have been completed so we might see a market transition. If...

FahimLatif

As called in my previous idea, EURUSD completed the inverse H&S and I'm now expecting it to start a new bullish trend due that the previous bearish trend completed the Elliot Waves. Pair is now struggling in a resistance area but the momentum is strong enough to break it.

FahimLatif

After completing the Elliot Waves, the pair shifted in momentum and is currently in a downtrend. We can see an inverse H&S getting formed and we can capitalize in the formation of the right shoulder as shown in the chart.

FahimLatif

As we've seen, the pair couldn't go lower than the historical price 1.1180. At this area, we've seen the pair bouncing multiple times creating an head and shoulders pattern in our 4h chart. The rejection of the support towards the market is giving place to our current shoulder. We should see the pair climbing up forming new Highs.

FahimLatif

Pair has broken the trendline on the 4th touch and has completed a pullback to the trendline. At the same time on the daily chart we can see the pair has lost bullish momentum so we might see a drop coming very soon. If we zoom out we will see the pair has recently touched the upper trend line of a major weekly bearish trend so I support the bearish scenario.

FahimLatif

USDCAD were called weeks back as a bullish long term trade and were currently riding on 350 pips. I can see the pair dropping down to the 38.2 Fibonacci level to later push towards our final target closing the bullish swing trade with 600 pips!

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AU is currently forming the right shoulder of a potentiall H&S pattern inside the short bullish trend which looks like it has met its end as it touched a major daily trendline and the Stochastics in 1h and 4h are indicating a clear sell coming through.

FahimLatif

XAUUSD just gave us a perfect 3-touch breakout on the daily trendline and a pullback that has finished in an important S/R area where we can see that a Head & Shoulders pattern has been formed. If we add the 4h and daily Stochastics and the rise of the USD against other currencies, we can see a potential short coming shortly.

FahimLatif

After a clean breakout with 2 big daily bearish candlesticks, the pair is getting ready for a possible pullback to the resistance area/38.2 Fib level, where we could catch a nice short-term buy 1H and 4H RSI are showing an oversold market. 4H Stochastics crossed eachother already. Daily Stochastics are below levels, about to cross eachother.

FahimLatif

The pair has broken the bearish trend and is now facing rejection in a resistance area. Adding the Daily and 4h Stochastics, we should see the pair dropping, forming a pullback towards the trendline previously broken.

FahimLatif

GBPJPY has reached the lower trendline. We're talking about the 4th touch on the daily trendline where we could see a potential breakout to the downside. RSI is indicating divergency in the pair but the pair is facing rejection on the trendline (long candlesticks). We must wait for a clean breakout.

FahimLatif

As mentioned in my previous idea, GBPAUD formed an harmonic pattern and a little pullback. However, the pair suffered a bigger pullback towards the reversal zone where it bounced. We should now see the pair dropping to lower levels.