Marwan_Moallem

Marwan_Moallem

Simple Market Structure on EURUSD coinciding with Fib Rejection this shows you that the 2 LL's were not so strong, so they got bypassed easily, then it also shows you that the price couldn't make a new higher high, which means there is not so much interest in buying EUR at this high price, so it went down and may need to revisit the previous low again

Marwan_Moallem

A Beautiful Pin-bar on the 4HR TF after reaching a strong support area. The trend can now reverse and a buy order can be placed after a bullish engulfing candle outside of the support zone. #EURUSD #Forex #GBPJPY #Indices #Gold #Trading

Marwan_Moallem

1. Price is approaching a strong resistance zone on the daily. 2. Dollar index in due for a correction after this very sharp move up. 3. Price of #USDCAD will still go up to current resistance level probably, and will also get a bit higher than last resistance level in order to collect liquidity. 4. Then a sharp move down might be witnessed. so in short, in the...

Marwan_Moallem

After a long bullish trend for the last couple of weeks, we can clearly see a Change of Character and a beginning of a bearish trend being formed. After changing character, the price went back up to retest the 0.618 Fibo Golden zone and now there is a very good probability that it resumes its way down. for additional confirmation, we have to wait for the...

Marwan_Moallem

Don't be the wick ! Don't be the liquidity ! Don't be the small fish ! There is a big chance that Gold will break down a bit and then move up again to grab liquidity before resuming back down. The chart demonstrates the price action as I personally see it and have seen it live before. Please wait for the candle to close below support (previously resistance)...

Marwan_Moallem

Currently, GJ is at a very critical phase especially that both ends of the channel have been tested several time. I am more bullish than bearish but we keep both scenarios in mind. Before pressing the button, wait for the channel to be broken, retested and then a BoS is formed. This is just an educational illustration, trade at your own risk and manage it well...

Marwan_Moallem

It's currently standing at (1) previous support area turning resistance and (2) the upper end of the downtrend (30 minutes). it should give a sign for trend continuation and resumes bearish momentum (Scenario 1) Or will break resistance and trend line and push up to the next resistance zone (Scenario 2) in both scenarios, it's better but not obligatory to wait for...

Marwan_Moallem

Although I only follow the trend when trading, I see a very good opportunity for a trend reversal at this price point. The explanations are very detailed in the chart itself .. Good luck! Disclaimer: This study is meant for educational purposes only and is not a financial advice, please trade at your own risk and make sure not to risk more than 1% of your capital daily.

Marwan_Moallem

The daily trend is heavily bullish and there seems to be a continuation after a retracement on the 4HR TF right now. If the price goes and closes above the resistance zone (green triangle zone), it needs to retest again and then continue up towards the next daily resistance level (Green Horizontal line). I am personally not interested to trade a trend reversal...

Marwan_Moallem

Explained very well on the chart. Although I have an option 2 for sells, I am more inclined to take a buy and move with the trend. the area between Resistance (green rectangle zone) and Support (Red rectangle zone) is a No-Trade-Area. to take a buy or sell, we should wait for candles to close above resistance or below support, retest and then resume its way up or...

Marwan_Moallem

The price is visiting a strong support that is turning into a resistance, the black horizontal line inside this zone represents the golden rounded number of 1.0900, upon which the price is expected to strong re-act #EURUSD #XAUUSD #GBPJPY #Forex #Trading

Marwan_Moallem

One 4HR candle closing below 29,000 opens the way for the sell order with a clean traffic towards the 28,600 zone.

Marwan_Moallem

US30 to go down from here for the bearish channel formation to continue. This scenario is supported by the following fundamental analysis: As oil supply will be decreased, the dollar index is expected to further strengthen and this will put more pressure on the financial markets going forward.

Marwan_Moallem

Gold is forming an M pattern on the 1HR time frame and it could revisit the previous demand zone. R/W Ratio of 3:1 with a short position.

Marwan_Moallem

US30 might revisit the 2 possible resistance areas on Monday and continue its downtrend afterwards