qureshi009

qureshi009 Updated 

We are seeing some reversal on lower timeframes and formation of new HL and HH

qureshi009

Looking at the weekly trend of CADJPY i see the following and hence taking the trade. 1. Weekly donwtrend line broken with strong bullish movements 2. Price has created new HH and HL , new HH formation is in process 3. An elliot wave in formation 4. Adding more confirmation by using MACD, corssover is seen in oversold zone in line in bullish candle, indicating...

qureshi009 Updated 

Wtih CAD and oil showing good strenght and gold has been moving since this week. We can expect 1300 coming

qureshi009

Looking at the daily TF and current PA, the price has completed the 4th wave and the 5th wave should start. If all is valid as per wave, we have two trade options 1. Long oppurtunity with TP as 5 wave 2. Short oppurtunity from 5th wave expecting TP as the ABCD correction or TP as wave 4. Trade safe guys.

qureshi009 Updated 

Looking at the weekly price action, a rejection can been seen from last two weeks, this week price tried once more but failed to break previous week high. Lower TF has shown some price action rejections and also seems a new LL and LH are being created. Also on daily TF it has created bearish pattern. A short position can be entered with SL above the two weeks high...

qureshi009 Updated 

Looking at the daily, it has completed a bearish bat pattern, and looking at 4Hr TF it is an elliot wave and now we will see some correction and also in 30 min tf there is a pin bar and price rejection Trade safe guys

qureshi009

I have drawn for the first time elliot waves, taking fib retracement and extension levels into consideration. Let us see if the price moves as per the idea. Trade safe guys

qureshi009 Updated 

See description on chart. When price reaches the weekly support and retest it a longterm buy trade can be taken and profits as weekly resitance levels. This will be a longterm trade, so lots of patience is required. Trade safe.

qureshi009

Looking at the recent moves of this pair , it has been in a strong downtrend. Now looks the time get in long Long wick from donwside indicating, buyers entering the market Lower timeframes has created a new HL Lower timeframe trend line is broken. And lastly price got supported at weekly support level. Trade safe guys

qureshi009

Looking at the weekly chart, a pattern formation is in process. If all the legs meet the fib requirement we have two oppurtunities First is long and then comes the short. Any leg formation is incorrect will invalidate the trade setup. Trade safe guys

qureshi009 Updated 

This is my first elliot wave chart, i dont know if i drew it correctly. Safe trade

qureshi009

Complete pattern Targets 38.2 and 61.8

qureshi009

GJ has broken a weekly downtrend line and has started showing some upwards movements, there is a very longterm oppurutnity if the price keeps on brekaing future resistanc levels. however any rejection and mulitple price rejection may lead to a reversal and again a downtrend may continue. Trade safe guys

qureshi009 Updated 

Looking at the 4H chart, candle has shown bearish movement indication. The same can be see in previous moves as indentified by th arrows.

qureshi009

I dont usually look at smaller TF's. I am already long on GBPCAD in another trade. But looking at a smaller TF and if the price breaks the trend line a possible retest of the trend line. Look for selling oppurtunity after breakout and retest and then confirm downtrend. Trade safe guys.

qureshi009

Similar to my NZDCHF, short trade, this pair has broken the updtrend line and creating a new LL, if the price creates a new LH and prices is resisted at the downtrend line entry can be taken. Trade safe guys.

qureshi009

Looking at the recent breakout of the uptrend, the price has created a new LL and LH indicating a donwtrend move has started. The price could make a potential pullback towards the trendline and then continue downtrend, if the price breaks the downtrend and creates new HH and the trade will be invalid. Trade safe guys.

qureshi009

Looking at the monthly TF, this pair is moving in downtrend for a good amount of time. Whilst moving down, the price has pullbacked several times and currently I see the price is in a pullback mode. The price is also respecting a downtrend line acting as resistance levels. Currently, I have a a long trade with SL below monthly lows and TP towards the trendline...