junaid14ahmad

junaid14ahmad

Hello Traders. On the Daily Chart of AUDACD, the price has been rising for a few days now. It broke out of a descending channel at around 0.9020 and has been rising since. However, I am still bearish on this pair as the global outlook still remains bearish. I will be looking to sell at around 0.9220 after seeing confirmations for a reversal. For intra-day...

junaid14ahmad

The price has reached our 4 hour resistance level and has been bouncing back from that resistance level for the past whole day failing to make a higher high. I am expecting the price to fall down to the 1.0560 level in the coming day or two. I am keeping a close eye on this trade as a bearish hammer has been formed in last 4 hour candle. Lets see how this plays...

junaid14ahmad

The price has been in an ascending channel for the whole month and continued to for higher highs and higher lows. It has reached our support trend line and predicting the price to move to the upside. The price seems to have been holding around the 1.0740 level for past 2 days failing to break below that level. The fibonacci retracement also shows the price...

junaid14ahmad

The price seems to have been bounced back from a strong 4 hr resistance level indicated by a gravestone doji on the 4 hr chart. and I expect it to fall down to 0.6011 level which is a strong 4 hr support level. Good 1:2.13 R:R trade. Lets see how it plays out and please feel free to share your views on this. Disclaimer : Trading CFDs is a high risk activity with...