Mgisa

Mgisa

The Canadian dollar has been in a high bullish momentum in the past two weeks breaking all resistances and Supply zones, the next physiological zone is at 100.000 which is relatively close to the 2.618 fib extension from the last correction. Two things might happen when the price reaches that area -; 1. It will make a small correction before pushing even...

Mgisa

Hello everyone, the CADJPY is tightening the triangle which could only mean one thing that it is about to break out and make an impulse to the downward is is estimated to be about 600 pips. Now we can wait for the price to reach the 91.5 resistance level and look for a bearish reversal pattern in the lower timeframe and place a sell position when all criteria are...

Mgisa

GBPJPY has been on a downtrend since the beginning of January, right now it is in the blink of finishing a beautiful bearish flag pattern before another impulse to 149.5 which is about 600 pips away. I will be monitoring the price closely in lower timeframes (preferably 1 hr) and find the best way possible to milk this cow for as long as it will take. Trade...

Mgisa

USDCHF is currently moving in a triangle which, when looked from a higher timeframe (say monthly) suggests a bearish continuation pattern. Right now price has reached the upper side of the triangle which is in confluence with a strong supply zone. We now wait for a bearish pattern on lower timeframe to secure a sell entry which will more likely be fueled by the...

Mgisa

GBPUSD is shaping up to be one of my favorite pairs right after GJ. With the price approaching the upper bank of the rising channel which is in confluence with the resistance level at around 1.3600 and the 4 hour RSI divergence, we expect a 270 pips move to the downside. but as usual, we are gonna have to wait for the bearish reversal pattern on lower timeframes...

Mgisa

HAPPY NEW YEAR ALL! Now back to business. AUDUSD broke out of a rising wedge it had already started to drop but was brought back to the 0.71800 - 0.72000 zone by NFP, now we expect a little bit of accumulation in that zone before gaining momentum which will push the price down to 0.70000 (Some 200 pips). As usual, we keep a keen eye on lower timeframes to spot a...

Mgisa

NZDUSD is currently moving in a downward channel and we are approaching the lower bank of the channel before the price gives us a bullish reversal confirmation which we will watch closely in the lower timeframes. My theory is that the price will give us a double bottom in the hourly timeframe and THAT will be my queue to execute the buy entry and hold until I...

Mgisa

Hello everyone, first of all, I'd like to thank you for your positive comments. Today we are going to take a look at USDCAD which has been moving in an upward channel for the past two weeks, however, the pair has reached a weekly resistance and we expect a 300 pips fall to around 1.2520 0 but before we execute any entry we need to look for confirmation in lower...

Mgisa Updated 

AUDUSD has been in an extended bullish move for the past 20+ days, as we are approaching a major level of structure (Support turned resistance) at around 0.75800 we expect a price to give us a bearish pattern in lower timeframes (preferably the 1hr-15min timeframe) and when everything meets our criteria to execute a trade, we enter with a desirable risk to reward...

Mgisa

The GBPUSD has been moving in a descending channel for the past four months, at the moment we are at the bottom bank of the channel and we have already seen daily reversal candles we now keep a keen eye on the lower timeframe and look for a bullish reversal pattern to justify the bullish move before we can execute a buy entry and ultimately milk some 360 pips....

Mgisa

The NZDUSD is currently moving in a downward channel, it has touched and reversed from the upper bank of the channel so now we lay in wait like a lion hunting a buffalo cub as the price is attempting to make a very beautiful double top (which is clearly seen in lower timeframes i.e The 4hr and the 1hr) before we get a sell signal which will take us to an amazing...

Mgisa

The price is approaching a very important demand zone and we expect a bullish structure before we can execute a buy position, The target is some 300 pips (Fingers crossed). However, the weekly timeframe projects a much bigger target but they say slow and steady wins the race. I wish you all luck in this trade

Mgisa Updated 

The price broke out of a rising wedge and successfully retested it, the first entry has already been secured but it is not too late, there are plenty opportunities in the market. So all in all let keep our eyes open

Mgisa

NZDCHF has been moving in a downward channel for the past five months, now since the price has reached a major level of structure at 0.63000 I believe it is finally time to break out of that channel and run a 600 pips milestone to the upward according to the 1.618 Fibonacci extension. There're plenty of chances to secure the buy entry, First I personally believe...

Mgisa

So OBVIOUSLY the first approach didn't play out as we had expected but since Forex is full of opportunities, here I am with a new perspective. The GJ is still pumping gas for a bearish move but now we are waiting for it to touch the downward trendline before we start looking for a reversal bearish structure and spot an entry from lower timeframe

Mgisa

I personally believe that another bearish move will be confirmed when the price breaks the 151.6 support, Currently, the price is moving in an upward channel and we are waiting for it to break the channel and eventually the 151.6 support area before we start looking for sell opportunities. My eyes are still open and glued to the 1 Hour timeframe because I...

Mgisa

After and extensive bearish move, The BTC has finally broke the downward channel. Now we expect a retest to 31000 USD before it gains a bullish momentum and move to 34000 USD. A careful price action examination in the lower timeframe (for this case, preferably 15 & 30 mins timeframe) should me made before taking any entry.

Mgisa

The EU is moving nicely in a wedge and since it has reached the bottom bank of the channel we expect an extended move to the upward and the first entry has already been secured, Now we wait for the price to break a minor downward trendline in the hourly timeline to secure the second entry