TaherJalili

TaherJalili

Similar to the NZDUSD market we discussed yesterday, this pair finds itself in a period of tight congestion. The other issue with this pair that is similar to the NZDUSD is that there are many minor support and resistance levels that could act as trouble areas for price to make a clean or free flowing move. This can be an issue when looking for high probability...

TaherJalili

After making a solid breakout higher through the congested range that price had been stuck inside since May this year, price has rotated back lower. As the daily chart shows; price has now rotated back lower into the same old range resistance level that price recently broke higher out of. This looks a key level in this market for where price makes it’s next...

TaherJalili

Weekly overview

TaherJalili

As I previously discussed about this market, I am looking for potential short trading opportunities and a potential breakout lower. Price in recent sessions has formed a series of lower highs and each time it has rejected the major support the bounce or rejection has been a little weaker. Last week price made a serious attempt at breaking lower, only to snap...

TaherJalili

This pair looks increasingly tricky to trade at the moment. Whilst in recent sessions we have had a nice move higher, there are minor support and resistance levels and ‘trouble' areas all over the place. Price has just broken out higher through one of the trouble areas, but very close overhead it faces another test with another resistance coming into...

TaherJalili

As we have discussed at length in recent times about this market; price is right back in the range that it was trading within a month ago. As the daily chart shows; price was previously trading within a pretty clear box pattern and now once again we have a very similar box pattern playing out. After forming a bullish pin bar at the range support level, price is...

TaherJalili

Price action on the daily chart of this pair has now formed a bullish engulfing bar at a longer term support level. If you zoom your daily chart out you will be able to see that this support level is a multi-year level going back into last year. If price can now break the high of the engulfing bar we could look for price to move back higher and into the...

TaherJalili

Breaking the neckline of the inverse head & shoulders pattern. Wait for the confirmation and long

TaherJalili

The big short

TaherJalili

We discussed this market yesterday and the key price flip support level that price was testing. Whilst price has held at this level and formed a bullish daily chart rejection candle, the rejection was very small. We may have expected to see the bulls push price away from this level with a little more force than what we have seen so far. With that in mind; this...

TaherJalili

Whilst this is not a market we normally look at or discuss, price is now moving into a major daily support level. As the attached daily chart shows; this support level recently held as a resistance level on the daily chart and it could soon look to act as a new price flip level. Price has now formed an inside bar followed by a small indecision candlestick on the...

TaherJalili

In recent weeks the momentum has been very mixed in this market with price making a series of solid swings both higher and lower. Price has now formed a bullish pin bar reversal on the daily chart at the recent swing low support level and is looking to make a move back higher. Whilst these range support and resistance levels continue to hold we can continue to...

TaherJalili

Whilst there has been a very strong trend higher in recent times in this market, price has failed to make a new higher high. Price is now rotating lower and back into the price flip support level. As the zoomed out daily chart shows; this level could be an important level in the coming sessions and it could look to act as a new price flip support area. This...

TaherJalili

As we discussed yesterday; price was moving higher into a key daily swing high and resistance level. We said yesterday ‘Whilst we could look for this level to break higher in the medium term, we could also expect this level to give some resistance in the short term.’. Price has since held at this resistance and sold back lower. As the daily chart shows; there...

TaherJalili

There has been a solid move lower in recent sessions with this pair. All the momentum has been to the downside with price action on the daily chart forming a series of lower highs. Price has now broken lower and out of the recent support level. This level could be a solid level to start looking for short trades. If price can rotate higher in the next few...

TaherJalili

We discussed this pair yesterday saying ‘Price is now looking for a breakout higher with this one with the momentum in recent times slowly building.” Price has now carried on with the breakout and made a sharp move higher inline with the momentum that had been building. If you are not long in this pair already, then there could be potential second chance...

TaherJalili

This pair has turned into a sea of sideways chop. After building momentum higher after forming a double low on the daily chart it looked like price might gain some sort of momentum. This however was snapped when price moved right back into ranging mode. As the daily chart shows; whilst we have some lower highs forming, we are not getting any serious moves lower...

TaherJalili

Price on the daily chart of this pair has now bounced higher into the recent swing high and resistance level. This is an important level in this market as it has also been a recent price flip support level. In recent times the momentum has been very mixed in this market. Whilst we could look for this level to break higher in the medium term, we could also...