George_Haykal

George_Haykal

Possible short opportunity on XAUUSD because... 1. Price has started making lower highs and lower lows. 2. Price has hit resistance. 3. Price is retesting the institutional candle made ( last up candle ). Price could possibly rise to the 50% fib retracement, and then possibly go down. TP: 1850 SL: Around 1883, above the institutional candle.

George_Haykal

Possible short opportunity on GBPJPY because... 1. The liquidity pool above 158.000 has been hit. 2. A double top pattern has emerged. 3. RSI shows that it has been overbought. TP 1: 156.500 TP 2: 155.500 SL: 158.350, above the institutional candle. *NOT 158.200*

George_Haykal

XAUUSD looking bearish because... 1. Head and Shoulders pattern forming on the 1D chart. 2. Price is retesting 1830, a major resistance. HOWEVER Price may continue to around 1845-50, due to there being a liquidity pool there, but once it reaches there price could possibly drop to 1800 because... 1. Double top pattern forming if price reaches 1850. Wait until US...

George_Haykal

Possible short opportunity on GBPJPY because... 1. It is in a downtrend, making lower highs and lows. 2. Using Fib extension, it is testing the 61.8% retracement. 3. Price retested former support. 4. There is a bearish flag pattern forming. 5. Price tested the 50 EMA and 100 EMA. TP 1: 155.430 TP 2: 155.200 SL: 155.900

George_Haykal

Potential long opportunity on GBPUSD because... 1. Testing support at 1.34414, which has been respected before. 2. Using fibonacci retracement, it is at the golden zone, and is testing the 50.0% extension. If TP 2 hit, we could see price even hit 1.40 or a drop back to 1.32, but it also depends on what the FED says. TP 1: 1.35700 TP 2: 1.37000 SL: 1.33100

George_Haykal

Possible long opportunity on US500 because... 1. It has been creating higher highs and higher lows. 2. Double top pattern, signalling bulls possibly entering. 3. Using RSI, it it oversold. 4. It is testing the 100 EMA on the daily chart. 5. Using FIB retracements, it is testing the 78.6 extension. SL: 4525 TP: 4700

George_Haykal Updated 

Possible short opportunity on XAUUSD because... 1. double top very likely at 1830, which has been respected many times before. 2. using a FIB retracement, the 61.8 retracement is at 1830. 3. using RSI, it is oversold. SL: 1855, above 78.6 retracement TP: 1800, and then 1780 if 1800 is broken.

George_Haykal Updated 

Possible short opportunity on GBPJPY because 1. Resistance at 158.000, strong sell last time it tested it. 2. Using RSI, it is oversold. SL: 158.500 TP 1: 156.050 TP 2: 154.750 TP 3: 152.600