hamzah_mahmud

hamzah_mahmud

This market has been very unstable and hasnt given us a clear directinal bias to where it is heading for the fututre. However, recent price action has shown us that we have created somewhat a head and shoulders pattern and are finding ourselves to be at a range resistance level. As well as this, the past 2 daily candles have shown bearish activity and a rejection...

hamzah_mahmud

We have found ourselves at this chart again looking at this 4hr resistance zone and seeing bearish activity near it again. The previous oppertunity on this pair was unsuccessfull as the price pushed back one more time to break the resistance taking out our first stop loss. However, now it has presented an even better signal to take a short and look for a move...

hamzah_mahmud Updated 

After finding ourselves in a very congested market, we can see that we have failed to break higher than a daily swing level of 1.08663. After closing on a bearish rejection candle on the daily time frame we can look forecast that this pair may find its way back to the bottom of the preivious range around 1.07300. This could be a good oppertunity to gain 3-4% on...

hamzah_mahmud

This pair has been ranging back and forth over a period of weeks and we have found ourselves at the range top near the 88.320 level. After seeing strong bullish momentum over that past week, we can see the bears are coming in and keeping this pair below the range high showing lots of rejection. This is shown clearer on the 4hr time frame where the most recent...

hamzah_mahmud

This pair has been in a range on the Daily time frame and as we can see, this pair has rejected lower prices and shown a large wick rejection showing some buying pressure from the bulls. This could be a very fruitful trade opportunity if it does play out as we could possible look for this pair to rocket back up to the daily resistance level of the range. Before...

hamzah_mahmud

After coming to a daily swing level in a very unstable market, we can possibly see some strength in this pair after some heavy bearish activity. We would need to see some further strength on the daily and 4hr time frame before we choose to enter this opportunity however the returns could be huge. I would be looking for bullish engulfing patterns to devlop on the...

hamzah_mahmud

After coming to a previous daily swing level in the market, we can see some weakness in this pair. I have taken an entry around the 50% retracement area after seeing further weakness on the 4hr chart. So far a slow grind back and forth but looking for further weakness and aiming to capture 3-5% growth depending on the market movement this week. Good luck to everyone

hamzah_mahmud

After seeing heavy bearish price action around the 110.447 area this intraday swing trading opportunity has some potential to be a profitable winner. By seeing some authoritative bearish rejection candles, this idea was too good to let go. Profit targets are subjective but you could look to hold this trade for a while depending on how quick the move is. Stop...