TaherJalili

TaherJalili

Price action on this pair has now formed a double inside bar pattern on the daily chart. This is a pretty rare pattern because whilst we will often get a series of candles that are formed inside one large candle, they are not often consecutive inside bars. This pattern is sitting directly on the recent resistance level and new price flip support level. If we...

TaherJalili

We have finally seen a solid move in this market. Price has now broken higher and above the midway resistance point of the range and is looking to move into the range high resistance level. If price can move into this level I will be looking for a rejection and potential short trades Short trades would need to be confirmed with A+ bearish price action to...

TaherJalili

I am now watching this pair and for a possible pullback lower. As the daily chart shows; price is testing the key resistance level in this market. If we can see price pullback lower I will be watching closely for potential long trades. Whilst this pair is in a range and sideways move, this support looks a solid level to hunt for long trades on both the daily...

TaherJalili

Price is now making a serious play at trying to move higher and back into the yearly highs. The only thing that stands in the way of price making a fresh test of the yearly highs is the daily resistance level that price has in recent times found hard to break through. A break higher through this level and there is a lot of space and free room for price to make a...

TaherJalili

Price is now looking to make its fourth attempt at breaking lower and through the low of the range support on this pair. As the daily chart shows; other than one false breakout higher, price has been trading within a clear-cut range pattern. With NFP coming out in the US along with election results we could just get the force we need for a breakout. If a...

TaherJalili

Price recently made a solid breakout lower and through the important daily chart support level on this pair. This old breakout support level is now in for a real test. Price has already tried to break through it higher in the last session and now price is once again making a fresh attempt at breaching back higher. If this level can hold and the recent intraday...

TaherJalili

Once again, similar sort of price action seen here on the AUDUSD in the last couple of sessions. With that being said, just like the USDJPY, the main levels are still being respected. Price is now looking to test a super important daily chart resistance level. This level looks crucial for this pair and where price heads next. We can expect to see the bears...

TaherJalili

We saw similar whipping price action in this pair to that of the EURUSD. Price made a sharp move higher before quickly snapping back lower. The key thing with this pair was that whilst it did whip all around, it still respected the key support and resistance levels in place. Whilst a lot of stops would have been hit with the large false breakout higher, the...

TaherJalili

As we discussed yesterday, it was US election day and we were expecting some different price action on the USD pairs in particular. As the attached 4 hour chart of the EURUSD shows, this played out pretty quickly before soon calming down again. A major reason we avoided making new trades yesterday was because we wanted to avoid moves like this where even if you...

TaherJalili

Similarly here with the NAS100 we need to keep in mind the US elections and the potential for the market to be spooked or shaken at a moment's notice. With that said; price is now moving back higher into the price flip level we recently discussed. This level was holding as a solid support level before price made a break lower along with a quick retest on the...

TaherJalili

Price could be building for a potential breakout higher in this market. As the daily chart shows; price has now moved above the daily chart resistance level and is looking to make a move higher. The old resistance has now held as a new support level and has also created a new higher low. If price can make a new test of the overhead resistance we can watch for...

TaherJalili

.After making a breakout lower, price has snapped straight back higher and back into the sideways range. This market looked to have every chance of creating a new trend lower as price tested the price flip resistance, rejecting it with a strong bearish engulfing bar, but it just could not continue with the bearish momentum. Price has now popped above the price...

TaherJalili

Price action in this market has now bounced higher from the daily chart support level we recently discussed. As the daily chart shows; price is now moving into the daily resistance level. Any ‘USD’ markets need to be treated with caution this week and that is no different with this market. From a price action point of view this level looks key for the overall...

TaherJalili

There is a pretty clear sideways range in play in this pair with price rejecting the same levels on multiple occasions. Until price breaks out of this range, looking to trade from the major support and resistance levels with high probability price action clues could be the best play. As the daily chart shows; price is now testing a support level within this...

TaherJalili

Price in this pair has now broken above an important resistance level and made a strong move higher. The level that price has just made a breakout through looks a key level and a potential level to look for price to rotate back into. If price can rotate back lower into this level in the next few sessions we could watch for it to act as a new price flip support...

TaherJalili

There looks to be minor support and resistance ‘trouble’ areas all over the place in this market at the moment. In many ranging markets we have clear range high and low support and resistance levels. In this market however, there are minor support and resistance levels that are making it tricky to find any sort of high probability trades. When price is moving...

TaherJalili

After forming such a recovery and strong trend higher in recent times, price has now cooled off and sold away from the extreme highs. Price has now moved back to be testing what looks to be a crucial support level for this market. In recent times we have seen price attempt to make a new high, but in the process form a lower high and now sell off lower. If this...

TaherJalili

The PerfectCryptoTraders group recently played a long breakout trade in this pair as price broke out of the extended range that price action had been trading within. The follow up momentum has so far been lacking and we have not seen the explosion higher we may have expected. Price has now returned to the old breakout resistance level and formed a bullish...