rahiljavid

rahiljavid Updated 

EURUSD has just reached a local resistance and its upward momentum is coming to an end. The MACD crossover also serves as a confluence, indicating a reversal is present. Entry @ 1.13237 SL @ 1.13756 TP 1 @ 1.12714 TP 2 @ 1.12286

rahiljavid Updated 

If EURJPY breaks below the resistance it is currently testing, then it will drop to another local resistance. The fall is also indicated by the MACD. Entry @ 122.078 SL @ 122.339 TP 1 @ 121.918 TP 2 @ 121.582

rahiljavid

AUDNZD has finished rising after its breakout of the falling wedge and a reversal is about to happen. By watching price action we can see a reversal is likely to follow soon and to support that the rsi shows that we are in an overbought zone and the macd is about to have a cross. On top of that NZD is stronger than AUD today making it even more clear that the pair...

rahiljavid Updated 

FX:AUDNZD has broken out of the falling wedge it was in, retested, and is now going long. We will set our entry above the local resistance. Entry @ 1.06314 SL @ 1.06002 TP @ 1.06626

rahiljavid Updated 

AUDUSD is currently in a rectangle pattern. Using that information we can tell that once the pair reaches the local resistance it is likely that it will go back in the opposite direction. Entry @ 0.69300 SL @ 0.69099 TP @ 0.69069

rahiljavid Updated 

CHFJPY is in the middle of finishing the right shoulder of a head and shoulders pattern meaning the pair is going to fall. The pair has also just broke below a rising channel and retested it making the upcoming downtrend even more obvious. On top of that on a daily perspective we can see that not only is the pair completing a very common pattern of fall,...

rahiljavid Updated 

USDJPY broke out of its consolidation causing in downward momentum, retraced up to the 0.382 fib level, and is going to continue the downtrend to the lower, very strong support. In the retracement we can see a major loss of momentum shows by the long wicks and short bodies signaling a reversal is soon to come. Entry @ 106.850 SL @ 107.021 TP @ 106.591

rahiljavid Updated 

FX:EURJPY broke out of the rising channel, had a pullback to a previous key level, and is now going short to continue the downward momentum. Entry @ 120.614 SL @ 120.885 TP 1 @ 120.321 TP 2 @ 119.900

rahiljavid Updated 

FX:CADJPY has just broken out of the strong box structure, retested it, and is now making its way to the support at 78.492. Also, currently the Yen is much stronger than the Canadian Dollar which makes it more obvious that this pair is going to drop Entry @ 78.838 SL @ 79.150 TP @ 78.521

rahiljavid Updated 

FX:EURJPY has been in an upward channel for a couple weeks now and does not seem to break out of it anytime soon. If we buy the lows of the channel and sell at the highs, we will be able to make profit. Entry @ 121.345 SL @ 120.975 TP @ 121.715

rahiljavid Updated 

As we can see FX:EURUSD is in an uptrend, indicated by the 200 ema, and is in a rising channel. We are simply buying at the lows of the channel, selling at the highs or in this case a high which is also a strong resistance (1.13480). Entry @ 1.13015 SL @ 1.12691 TP @ 1.13449

rahiljavid Updated 

FX:EURJPY EURJPY had broke out of the downward channel, had a surge upward following the trendline, retraced back to the 0.618 fib level, and is now on its way up to the strong resistance at 122.111 Entry @ 121.646 SL @ 121.368 TP1 @ 121.855 TP2 @ 122.087

rahiljavid Updated 

FX:GBPUSD After analysis on the pair GBPUSD it can be seen that a reversal will soon occur near the strong resistance at 1.624. This would cause the pair to drop all the way to around the strong support at 1.2280. This move would also complete the head and shoulders pattern forming which can be seen clearly on the 4 hour time frame. Entry @ 1.25680 SL @...

rahiljavid Updated 

GBPJPY has finished retesting the trend line after breaking out of it, which was also a retracement after the big downward movement. On top of that the right shoulder of the head and shoulder pattern is almost done forming which also indicated downward momentum. With all of these confluences, it is obvious that this pair is going to drop. We will enter our short...

rahiljavid Updated 

EURCHF is about to break out of the wedge pattern, hit the first local resistance, retrace to the 0.382 fib level, and then rise up to the second resistance level. On top of this, currently EUR is much stronger than CHF making it more likely for the pair to rise. Entry @ 1.06621 SL @ 1.06387 TP @ 1.06928