ayyaz_raja

ayyaz_raja

Since the Bitcoin flash crash from last week, it is no coincidence that the alt coins have followed Bitcoin's trend. Nonetheless BTC is current stuck in a range between $30-$38k whilst its crypto dominance continue to hover sub 50%. On the flipside the developments in the SEC case vs XRP is a breath of fresh air with various positive outcomes ruling in XRP's...

ayyaz_raja

200 + pip move up in 14 days, with little exhaustion. Broken through all major supports and now approaching weekly zone for a break and retest of key level. RSI also diverging on H4, expect USD to begin a pullback before continuation of uptrend. 3 TPS 20,40,60 SL 15 pips 120:45 R: 2.7-1 Required win rate with current R to stay profitable: 44%

ayyaz_raja

possibility for 60 pip move towards 1.32 waiting for retest of lower range before entry

ayyaz_raja

correction up to 1572

ayyaz_raja

Price has respected the 1.10 daily zone. Holding at key level, expecting price to make another move up before overall continuation of downtrend.

ayyaz_raja

Extended selloff of EURUSD, possibility for temporary relief at 1.10000 level before continuation of trend. Possibility to catch a 40-70 pip move.

ayyaz_raja

21/08/2019 Starting from the weekly, USDCAD has been in overall uptrend with strong bullish rallies equally followed clean sell-off periods. -Average bullish rally on the weekly TF is 820 pips. -Currently in wave C > D on the 5 Elliot wave count. Wave move upwards. Longer Term Bullish Bias: USDCAD only completed 350pips of average bullish rally. In upward...

ayyaz_raja Updated 

All technicals suggest USDJPY is due for a correction wave

ayyaz_raja

Possible short from the 0.66 handle

ayyaz_raja

Swing potential, according to technicals. price already moved 100 pips today from initial analysis.

ayyaz_raja

Potential long for 100 pips

ayyaz_raja

Potential short at 1.34350, 61.8 Fib zone, price also formed double top on 4H 1H and 15M

ayyaz_raja

Reason for Long: Overall price has retraced over 350+ pips in 16 days without any significant pullback, signalling that this move is close to exhaustion and expect a reversal. Added confluence through 61.8 Fib level and trend-line market structure. DXY also rejected at 2 year high indicating potential reversal which would be in line with GBP long. Added...

ayyaz_raja

risk factor is increased due to ECB news.

ayyaz_raja Updated 

Reasons for Sell: -Price has been in an extended uptrend for 28 days. 6 of those days accounted for a retrace in the current uptrend. -for the past 8 days price has failed to break above 0.99870 which is also December 14th high. -Rsi is showing divergence on H4 charts indicating buying pressure is running out. -Price has formed a double top and could be coming up...

ayyaz_raja

Based on H4 market structure and price forming clean double bottom price action in my daily zone, good chance for EURUSD to bounce 60-100pips!

ayyaz_raja Updated 

USDJPY Potential short at 109.000. Potential 100 pip move. Reason for long: Double top forming in weekly zone on H4 looking for clear entry on H1 or 30M. USDJPY still trading under 200, & 50 EMA on H4 Chart. DXY also reversing and heading into a down trend = Confluence.

ayyaz_raja

Reason for Long: -Price is holding at my weekly zone which is acting as clean support. -Candlesticks on H4 are respecting weekly zone and not able to pass beyond it. -EURGBP has been in an extended bearish market for the previous 5 days and expect a reversal to occur. -H1 is showing clean double bottom PA at 0.88400 -No economic news releasing for 16th Jan to...