Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
SAXO:GBPCHF Is in no man's land atm. Wait for a break to either ways. #AHMEDMESBAH
FX:USDCAD A breakout to the downside will make it to 1.36 where we should look for a buy. #AHMEDMESBAH
BITSTAMP:BTCUSD Might be retesting the broken channel. #AHMEDMESBAH
FX:JPYBASKET Was anticipated to break the highs on the 6th of May last week. However, a decent correction was made and anticipating another push to break the recent highs again from current range. #AHMEDMESBAH
SAXO:SGDJPY Short Setup based on a RISK-OFF scenario... #AHMEDMESBAH
FX:JPYBASKET Is prone to break the high @10650. #ahmedmesbah
BITSTAMP:BTCUSD Is setting a move up with a decent probability of roughly 70% to target 8500$. A drop is estimated on a ratio of 30%. The view is based on Supply and Demand and CFTC COT Report. Follow for more setups and updates... #AHMEDMESBAH
TRADE PARAMETERS Pick Date : 03/21/18 Entry : 0.9251 Stop : 0.9226 Target : 0.9550 TRADE STRATEGY Income Type : Swing ENTRY 0.9251 is a newly formed 8H demand zone nested in a weekly demand zone . Will be doing a set and forget limit order. Price will need to have a strong move into the zone. STOP 0.9226 is 25 PIPs right outside of the high for some...
The bat pattern must be my favourite pattern, adhering to the very strong 88.6 Fibonacci level and reacting nicely to that area more often than not. This might be no exception, and it's going to be interesting to see what the currency does at this level. I might wait before trading this setup, in the face of a very strong up move, but in terms of a short bat...