


UmarAbdurRehman
EssentialGBPUSD broke weekly 50 and still stalling below it. Momentum indicators are suggesting for the market to correct higher to at least test the prior highs on current chart. So watchout for a breakout for a buy setup.
I just identified flag pattern on EURUSD, i could see this sort of scenario might play out but i am just wary of the momentum, but anyway trade it with care. Happy Trading.
Silver just tested and tried to break the trendline before a big sell off-I am looking for a correction here to then start of fresh falls to prior lows. I'd suggest look for sell setups once correction completes. Happy Trading.
USDJPY almost testing the top of the diagonal-momentum is likely to be slowing which suggesting for a correction to prior lows to then further advance-just keep an eye, and look for sell setups for the prior lows. Plus i do see a head and shoulder pattern forming on monthlies, but anyway keep an eye on this market and lets see. Happy Trading.
EURUSD broke out the trendline and still trading below it, momentum indicators are suggesting for the downside to continue to revisit the lows around 1.1510. So i am looking for sell setups around 1.1600-1.1590 for a target to 1.1510, whilst stop above 1.1629
Crude Oil have been strong from last year with succession of new tops and lows-whilst it just broke the multi-days bullish channel and undergoing a linear compression setup. Price action and momentum indicators are suggesting the downside to continue towards the prior support area around 61.94. I am looking to short this market around 67.27-66.20 with stop around...
EURUSD is just retesting the uptrend line and just holding that-I am looking for two possible scenarios, if it just holds the trend line, chances are it is likely to reverse. If it breaks the trend line and forms a linear compression pattern, it is very much likely that it should be testing the 1.10 handle over the coming weeks. Another possible scenario could be...
Cable fell sharply just in a month, after a nice run to the downside, its just consolidating from few days, to me personally it seems like market is sending a signal to resume its downside towards 1.3300 or even 1.3100 over the coming days or so.
Although not a big fan of CHF markets due to central bank intervention, but I spotted a nice opportunity for a swing. Looking to short around 1.1677 area for a target to 1.1265, stops above 1.1785.
USDCAD is testing the top of downtrend line from 2016-Momentum indicators are suggesting for the upside to be limited-it is likely to test the 61.8% fib to then start of fresh falls. I am looking for sell setups around 61.8% area for a bigger target towards prior lows.
EURUSD just broke the consolidation, looking to get long at 1.1755 with stop at 1.1730, targeting 1.1809
Expecting EURCHF correction to continue a little more to then start of fresh falls towards my target 1.1365. Look below the link for my previous idea on EURCHF.
EURUSD testing 200 MA on 4h and just broke the downtrend line, i am expecting euro to visit 1.1950 area. Preferring longs on a pullback to 1.1790 for a target to 1.1950, stops 1.1730
Gold almost testing resistance area but i am expecting it to take out these levels and may surge higher. I would be looking for pullbacks towards the downtrend line for long plays for a target to 1320+, stop below 1296.
S&P500 remains bullish breaking the multi-year channel, a recent attack of the price action to test the top of the yearly channel has so far found support around 2530, but longer term momentum indicators suggests a retest of the prior highs. I'd prefer playing long side for swing. Disclaimer: All analysis shared are my personal views, those should not be...
My previous analysis for long crude at 65.74 for a target to 72.95, just hit 72.25, but still my stance is the same, price action remains bullish with succession of highs and lows and still within multi-months bullish channel, so far it is testing the top of the monthly channel, but still longer term momentum indicators suggesting scope for crude to visit higher...
Crude have been in strong uptrend since last year, but for now short term momentum indicators suggesting a small retracement, but however the medium term trend is still strong, so i am expecting a test of 72.95 over the coming days or so. I would be building a long position around 65.74, with a tight stop below 65.03, targeting 72.95.
Gold broke the downtrend line on monthlies and almost a retest to that few weeks ago, my call for long around 1322 till 1359 met the target yesterday, but still I see lot of potential in Gold to move higher, On dailies it had ABC correction and then a nice rally with some consolidation and finally reached the target, In my opinion the recent low looks like a multi...