Nour_Capital

Nour_Capital Updated 

Reason: 1. Prior consolidation before strong down move, shows hidden selling activities - sellers will be likely to defend their positions at this level 2. There’s also open drive initiated by the strong buyers previously at this region 3. Prior support turned resistance zone EP: 124.52 SL: 124.72 TP: 124.32 20pips TP/SL Simplicity at its best Best...

Nour_Capital Updated 

Reason: 1. Prior consolidation before strong up move, shows hidden buying activities at this region - buyers will be likely to defend their positions at this level 2. Prior mega resistance zone turned support – highlighted by the blue zone Our Trade Setup will be: EP: 124.60 SL: 124.40 TP: 124.80 20pips TP/SL We took a stop loss on EURJPY earlier when Price...

Nour_Capital Updated 

Reason: 1. Prior consolidation before strong up move, shows hidden buying activities at this region - buyers will be likely to defend their positions at this level 2. Prior rejection candle turned support – highlighted by the blue zone Our Trade Setup will be: EP: 0.6752 SL: 0.6732 TP: 0.6772 20pips TP/SL Best Regards, NourCapital - Tracking Smart Money...

Nour_Capital

We had previously analysed both the China’s Index and Tencent. Looking at ICBC Chart, there is a high probability trade setup and we will be looking to take advantage of it to gain some exposure to EMs. What we like about this chart: 1. 5.12 region is a super strong support that gotten tested – touch and go, strong buyers came in to support and push the price up...

Nour_Capital

Looking at Tencent’s Chart, it had broken out of an inverse head and shoulders formation pattern with relative ease. Price action is now hovering above both the 50 and 200EMA – a healthy signal that for the time being, its on an uptrend momentum. PA was also supported by strong buyers that emerged from its previous consolidation region during July 2017 A good...

Nour_Capital

EMs had a horrible time in 2018; however, the downtrend seems to be broken. Price action found its support from the 2016-17 consolidation zone and had since been on a steady uptrend mode. It had broken through the 50EMA with relative ease, and is now about to test the major resistance of 200EMA region as highlighted by the red rectangle. One concern to note is...

Nour_Capital

After it's historical high dated back in Dec 2017, Bitcoin has taken a huge beating ever since. It is worth noting that all the hype before has died down. From a technical point of view, it is pretty simple to see how bearish the trend is. 3928 will be the resistance level and we expect price to retest this level soon. Failure to break up of this level will see...

Nour_Capital Updated 

Short DJI as it approaches supply zone! With the new year, markets have been in a bullish mode as January tends to be bullish. Nonetheless, it’s good to be wary when the general public sentiment is getting too bullish, and trade what the chart is telling us. Looking at the technicals, DJI might be ripe for a minor correction soon. When price retrace back to the...

Nour_Capital Updated 

Gold exhibits signs of distribution with 1300 looking as the obvious resistance level. Price seems to reject this level and the volume is thin during the past 2 weeks. Price is also currently at the classic textbook support turned resistance zone. P/S: This is a counter-trend trade. Please be nimble in your lot size. EP: 1283 SL: 1311 (1300 will obviously be a...

Nour_Capital Updated 

Prime Minister Theresa May lost her bid to bring the ill-fated Brexit deal through the House of Commons by a huge majority of 230 votes. The tally of 432-202 had 118 Conservatives voting against their own Prime Minister in the most lopsided government loss in history. However, we have seen the recovery of GBP from yesterday low of 1.26694. We expect GBP/USD to...

Nour_Capital

UOL is fast approaching a big resistance level as highlighted by the two blue rectangle boxes; one being a strong supply zone while the other is the 200EMA that will act as resistance. Question is should we short? My personal preference will NOT be to take a short trade, but to wait to long instead. Reason: 1) The prior supply zone is a weak high and have...

Nour_Capital

Reason: 1. Prior consolidation before strong up move, shows hidden buying activities - buyers will be likely to defend their positions at this level 2. There’s also open drive initiated by the strong buyers previously at this region 3. Session open indicated by the red arrow – strong support EP: 0.9952, SL: 0.9932 TP: 0.9972 20pips TP/SL Best Regards,...

Nour_Capital Updated 

Reason: 1. Prior consolidation before down move, shows hidden selling activities - sellers will be likely to defend their positions at this level 2. Prior support turned resistance after price successfully broken through as highlighted Notice how our setup is consistently similar – as long as win rate is high, with proper risk and money management, trading can...

Nour_Capital Updated 

Reasons: 1.Supply zone; price action will tend to have reactions here - blue horizontal line 2. Level coincides with open drive strategy 3. Prior support broken - support now had became a resistance 4. Strong rejection pinbar candle before start of downtrend - shows sellers had taken control at that level and will likely to defend it again Trade Setup: 20 pips...

Nour_Capital Updated 

When price retrace back to the supply zone area of 0.7222, we foresee reactions at this zone; strong sellers which previously initiated the prior downtrend will be likely to defend their positions aggressively at this region. This region is also a strong support turned resistance area as highlighted by the blue box. Our trade setup will be: EP: 0.7222 SL:...

Nour_Capital Updated 

We have witness a rejection of higher price as the Friday candle closed. With the 50D EMA acting as resistance, we are looking to short this pair when price retrace slightly further up. It is also another textbook classic of support turned resistance zone. EP: 0.9752 SL: 0.9870 TP: 0.9590 Good luck in your trading journey! Best Regards, Nour Capital -...

Nour_Capital Updated 

We have identified a potential short set-up on the EUR/JPY. The prior support turned resistance area have so far proven to be a tough nut to crack. The recent 'stop hunt' move on 3th Jan 2019 should have potentially stopped out all buyers into the market with price rejected at 124.70 zone. This level should invite more sellers coming into the market. The 50D and...

Nour_Capital Updated 

GBP/NZD can be considered the most volatile pair among its peers. With the impending "meaning vote", we expect price to hit 1.9120 level but continuing his downtrend move. This level will be significant as price has rejected this zone with high volume previously. The 200D EMA confirms our bias and as always the trend is your friend. Patience is required for this...