osamanaseem

osamanaseem

Case for Bulls: - Overall Bullish Trend with HH and HL - No sign of Bearish Divergence - Possible Bullish Flag (Not shown in diagram because of AB=CD pattern - Bullish AB=CD Pattern with PRZ in a previous resistance zone Case for Bear: - Seasonality - May is a Bearish month as far is seasonality is concerned - Current Trend does not support any bearish stance...

osamanaseem

Case for Bulls: - Overall Bullish Trend with HH and HL Case for Bear: - Strong Divergence - Possibility of a H&S Pattern - Breakout on resistant - Sellers may get active - May is a Bearish month for USDJPY Stance : Bearish Trading Plan : Wait and Watch on Break and if it make LH and LL then enter at the neckline support. Risk Reward ratio to be managed at 1:1

osamanaseem

- Bullish Trend Continuation observed with no sign of divergence - Within the trend a AB=CD pattern can be formed, with provides a possibility of trend reversal at D - I would take entry through placing a Buy Stop order a little above point B with cautious risk management through SL (a little below C) to avoid false break outs Lot Size - 0.17 Entry (Buy Stop...

osamanaseem

- Bullish Trend Continuation observed with no sign of divergence - Within the trend a AB=CD pattern can be formed, with provides a possibility of trend reversal at D - I would take entry through placing a Buy Stop order a little above point B with cautious risk management through SL (a little below C) to avoid false break outs Lot Size - 0.17 Entry (Buy...

osamanaseem

Bearish Trend Observed Trade continuation following a AB=CD pattern Lot Size - 0.18 Sell Stop - 0.60426 Stop Loss - 0.60928 Take Profit 1- 0.59930 Take Profit 2 - 0.59434 Risk at 1%

osamanaseem

-- Harmonic pattern indicated a potential resistance zone at "D"-- Strategy is to take entry at market as I caught the reversal trend late, with risk management at 1% Lot size 0.23 Entry Buy at Market - 0.67147 Stop Loss - 0.66756 Take Profit - 0.67583

osamanaseem

-- Harmonic pattern indicated a potential resistance zone at "D"-- Strategy is to take entry at point "C" through Buy Stop. Once the price reaches point "D", I will anticipate a bearish reversal and then play a trending entry after first LL and LH is reached Entry Price - 1.09269 Stop Loss - 1.07819 Take Profit 1 - 1.10719 Take Profit 2 - 1.12178 Lot size -...

osamanaseem

Harmonic pattern indicated a potential resistance zone at "D" Strategy is to take entry at point "C" through Buy Stop. Once the price reaches point "D", I will anticipate a bearish reversal and then play a trending entry after first LL and LH is reached Entry Price - 83.874 Stop Loss - 82.823 Take Profit 1 - 83.874 Take Profit 2 - 85.790 Lot size - 0.13 Risk at 1%

osamanaseem

NZDCAD shows continuation of a Bearish trend. There is a short term bullish fake out activity that can be captured through the Bearish flag. However, the overall trend remains bearish as there is not divergence witnessed My take is to enter the trade through a sell stop at 0.84209 with a Stop loss at 0.84631, keeping in view risk at 1%. My first Take Profit level...

osamanaseem

CADJPY in 1h timeframe shows no divergence instead the continuous trend with a Cup and handle formation. This provides an opportunity to long the pair Strategy: 1) As per risk/reward ratio of 1:1, the calculated lot size is 0.15 2) Entered Buy trade by putting buy stop at 96.490 3) To manage risk, I put stop loss at 95.436 4) Take profit 1 will be 97.588 5) Take...

osamanaseem

the EURUSD pair in 1H time frame shows no divergence and therefore strengthens the continuation of a bullish pattern through a formation of bullish flag. This provides an opportunity to long the pair Strategy: 1) As per risk/reward ratio of 1:1, the calculated lot size is 0.04 2) Entered Buy trade by putting buy stop at 1.09377 3) To manage risk, I put stop loss...

osamanaseem

the GBPCAD pair in 1H time frame shows no divergence and therefore strengthens the continuation of a bullish pattern through a temporary sideways pattern emerges in the buliish rectangle. This provides an opportunity to long GBPCAD. Strategy: 1) As per risk/reward ratio of 1:1, the calculated lot size is 0.12 2) Enter Buy trade by putting buy stop at 1.68661 3)...

osamanaseem

the AUDNZD pair in 1H time frame shows no divergence and therefore strengthens the continuation of a bearish pattern. Furthermore there is an evident bearish flag that is witnessed in the trend. This provides an opportunity to short AUD and enter the trade through a Short sell trade. Strategy: 1) As per risk/reward ratio of 1:1, the calculated lot size is 0.29...

osamanaseem

An emergence of a divergence in the USDJPY pair in a 1H timeframe signals a potential reversal to a bullish trend . Furthermore, I could see there was an evident falling wedge pattern that could be witnessed, signaling a possible opportunity to long the position Strategy to approach this potential long trade for USDJPY: 1) Wait for the price to break previous...

osamanaseem

An emergence of a divergence in the EURAUD pair in a 1H timeframe signals a potential reversal to a bearish trend . Furthermore, I could see there was an evident double top pattern that could be witnessed, signaling a possible opportunity to sell Strategy to approach this potential Short sale trade for EURAUD: 1) Wait for the price to break previous HL. 2) Based...

osamanaseem

An emergence of a divergence in the EURNZD pair in a 1H timeframe signals a potential reversal to a bearish trend . Furthermore, there was an evident rising wedge pattern that could be witnessed, signaling a possible opportunity to sell Strategy to approach this potential Short sale trade for EURNZD: 1) Wait for the price to break previous HL. 2) Based on the...

osamanaseem

An emergence of a divergence in the EURJPY pair in a 1H timeframe signal a potential reversal to a bearish trend. Furthermore, there was an evident rising wedge pattern that could be witnessed, signaling a possible opportunity to sell Strategy to approach this potential Short sale trade for AUDCHF: 1) Wait for the price to break previous HL. 2) Based on the...

osamanaseem

I witnessed a divergence in the AUDCHF pair in a 1H timeframe. Furthermore, there was an evident rising wedge pattern that could be witnessed, signaling a possible trend reversal Strategy to approach this potential Short sale trade for AUDCHF: 1) Wait for the price to break previous HL. In my case the price had already crossed breakdown therefore the right...