MichaelSelim

MichaelSelim

Price currently trading below resistance 0.783 - 0.775 zone and RSI below overbought levels. Bearish RSI divergence plus possible bearish Gartley pattern suggests start of bearish trend to support level 0.703 From 0.703 - 0.680 ( point D - point X of the Gartley pattern ) we can look to go Long, target 1 at 0.733 and target 2 at 0.753 If price trades above...

MichaelSelim

Price trading above key support level 0.953 on daily chart, breaking above the trend line and the bullish RSI divergence suggesting possible start of bullish move to 0.972 / Fib 0.618 Signal : Buy @ 0.965 Stop loss @ 0.956 Target @ 0.972

MichaelSelim

Bullish Gartlley pattern on daily chart, Bullish Bat pattern on 4H chart. Plus, RSI indicator clearly oversold. Signal : Buy @ 1.050 Target ( 61.8 Fib ) 1.064 Stop Loss @ 1.042

MichaelSelim

Bat harmonic pattern on 4H chart, and price trading slightly below resistance zone on daily chart. Plus RSI indicator is overbought on both charts. Signal : Sell @ 1.128 Target ( 61.8 Fib ) @ 1.108 Stop Loss @ 1.143

MichaelSelim

Buy the breakout to 1.26 until Bat pattern is completed - or for low risk, wait for it to complete - then sell from 1.260 to 1.180 and 1.128 SL for buy trade slightly below 1.040 and SL for Sell trade @ 1.290 or 1.333

MichaelSelim

The formation of Bat pattern on daily chart and price trading above support zone ( 115.93 - 117.90 ) suggests continuation of the current up trend, after short bearish pullback to 117.70 is completed, to target level 120.80 ( Fib 61.8 ) The move is also supported by bullish RSI divergence.

MichaelSelim Updated 

After the formation of bearish Gartley reached target, price is expected to start bullish move as suggested by 4H bullish Butterfly pattern and double bottom formation at 0.683 entry supported by RSI divergence. First target at 704 and second target at 712

MichaelSelim

USD/JPY 4H Chart: Bullish Harmonic Bat Pattern, RSI oversold + possible bullish divergence. Suggested SL @ or below 119.92 Expected Target @ 122.23 Trade with caution. We have important news this week for USD.

MichaelSelim

GBPCHF on 4H chart, we have bullish harmonic pattern formed below strong key level 1.500 with RSI oversold below 30 level and turning bullish. A good confirmation for the expected bullish move is a breakout above 1.500 after that we can expect price to test 1.512 ( Fib 38.2 ) then 1.528 ( Fib 61.8 ) While falling below 1.485 would be a sign of weakness for the...

MichaelSelim

USD/JPY Daily Chart : Bearish Gartley pattern and Bearish RSI Divergence suggesting possible bearish move to test support levels 121.91 ( Fib 23.6 ) and 120.77 ( Fib 38.2 ) Bearish breakout below the lower bullish trend line and 120.52 support level would likely push price lower to 118.93 ( Fib 61.8 )

MichaelSelim

EUR/USD possible bullish setup on daily chart: The formation of bullish harmonic pattern, RSI oversold and turning above 50 level. After bearish pullback, price expected to continue the up trend to test 1.124 resistance level.

MichaelSelim

Gold/USD Possible Bullish Setup on Daily Chart: Price oversold and the bullish RSI divergence plus bullish harmonic pattern suggests start of bullish move to test resistance levels around 1102 and 1136 then 1170 - 1180 Falling below last low 1045 would continue the down trend to test 1020 if the down trend continues below 1020 we could see price testing 995 support

MichaelSelim

Price trading above key support level 1.500 and the formation of bullish RSI-MACD divergence suggests start of bullish move to resistance level 1.525 Falling below 1.500 would be a sign of weakness and continuation of the bearish trend.to 1.489

MichaelSelim

Price reached strong resistance at 1088 and the formation of bearish harmonic pattern + RSI overbought at 70 level suggest continuation of the major bearish trend. Possible Target around 1050 and SL slightly above 1100

MichaelSelim Updated 

Market overbought, price trading below resistance level 0.736 and the bearish RSI divergence suggests possible trend reversal. Price expected to test support at 0.726 and 0.722

MichaelSelim Updated 

Market trading above key support level 122.21 and the formation of bullish harmonic pattern + Bullish RSI suggests start of bullish move to test resistance levels 123.18 and 123.49

MichaelSelim Updated 

GBPUSD RSI overbought and turning below 70 level, currently the pair trading below key resistance 1.533 and the formation of bearish harmonic pattern is suggesting start of bearish move to test support at 1.517 - 1.516 zone.

MichaelSelim Updated 

Bullish harmonic pattern on 4H chart, plus RSI oversold and price trading above key support level 1.510