Mo_Rashid

Mo_Rashid

>it has been creating higher lows >waiting for a break of the resistance area >dollar strength

Mo_Rashid

GBPUSD >waiting for a break of the wedge >waiting for a break of support zone for entry. >a break and retest will be a conservative entry. >Dollar strength

Mo_Rashid

>it has been ranging for sometime >waiting for a break of the support zone for entry

Mo_Rashid

1)waiting for break of support zone 2)waiting for a break out of the wedge 3)a break of the support will be a good signal for entry. 4)a break and retest will be a conservative entry.

Mo_Rashid

i am currently waiting for the break of the resistance zone on the 4hr timeframe. i am also looking for a break of the wedge to the upside. a beak and retest will be good for dollar pair entries.

Mo_Rashid

waiting for a break of structure. we can see that we are in a channel waiting for a break out of the channel for a look to go long. patience is the game now. sitting on my hands to look for better entry for my analysis.

Mo_Rashid

Range buys buying at support with a doji on the 1 hr and a bullish engulfing candle as a signal also strong support.

Mo_Rashid

on the weekly timeframe we have dojis formed at the support zone. it has been having indecision on where the bulls and bears are at match. i would be cautious with the dollar pairs waiting for an engulfing candle either bullish or bearish on the weekly chart to decide on the direction.

Mo_Rashid

on the monthly timeframe we can see that we had a doji formed at the top of the uptrend in APRIL. we then had a bearish engulifing candle on the month of MAY. i am looking to buy at the previous resistance level between 19k and 13k. PATIENCE is key. we are still in a BULLISH market with a minor retracement.

Mo_Rashid

by looking at the chart we can see that we are in that 23-24 February 2021 resistance area. we are currently moving in a range trying to break above. i would look for buys at the support area in the range at 1.4100 or i would wait for a break and retest above 1.4230 to look for buys.

Mo_Rashid

New month Bitcoin is currently in a range. i am keen to see how this month plays out or rather how it starts off. i am looking at two points that are going to give me indication of where the market will go. For a bullish confirmation i will be looking for a close above the resistance level at $42.5k For a bearish confirmation i will be looking for a close below...

Mo_Rashid

USDCAD is in a 100 pip range. the range is from 1.2137 and 1.2025 a breakout will give me a buying or selling opportunity. This is what i am looking at this week.

Mo_Rashid

GBPUSD is in a 100 pip range the range is from 142.19 and 141.05 a breakout from the top or bottom of the range is what i am watching. also NFP is this week. we will eventually know the direction it wants to take.

Mo_Rashid

the dollar index is currently ranging Larger range is from 90.22 and 89.63 currently the Smaller range is from 90.22 and 89.95 waiting for a break from either the top or bottom of the range. A break below 89.95 will give a green light for downward continuation to previous support at 89.63 For further understanding i have done a visual representation of what i will...

Mo_Rashid

i have a planned my week ahead in time, also keeping in mind its NFP week. EURUSD is currently ranging in the 4hr timeframe. we had a fake out on friday to the bottom but quickly recovered back to the range. i am waiting for breakout from either top or bottom of the range. i have elaborated more visually in the chart for further understanding.

Mo_Rashid

breaking off the range to the upside

Mo_Rashid

breaking off the range to the downside.

Mo_Rashid

ethereum failing to maintain its uptrend continuation. broke out of the 1hr range. weakness is seen, we might head all the way to $1.3k