Ahmedmesbah
#EURUSD [H8] Correction ALERT! ON Annually Demand...SAXO:EURUSD Is currently sitting for the first time on the strong annually demand and a super daily demand at the same time. Anticipating a decent correction from current range.
A break to this level will take us to the nearest historical 3M Uptrend below around 1.075
Follow for more ideas...
#AHMEDMESBAH
#EURUSD [D1C] A Drop, A Correction, A Big Drop, A Reversal!SAXO:EURUSD Is currently heading to an important annually demand zone @1.08690 where i am anticipating a decent correction to the nearest weekly supply zone @1.10250 where we technically should see a continuation to the downside to the annual wedge located at its closest point @1.06300 : @1.06500 Where we should see a significant reaction anticipating a push to the upside to make its way back above @1.12380.
This scenario might change according to market conditions especially during the shifts between Risk-on Risk-off environments.
Follow for more setups...
#AHMEDMESBAH
#USDCAD [Quarterly+Daily] Is this Ground Zero 2020?OANDA:USDCAD
If you're long on the #USDCAD then you should check this out first.
The pair on Quarterly bases has reached ground zero where all attempts failed to break it on Q1 AND Q2 2019. However, This is the first touch on Q1 2020 and if you're long on this pair then you should think twice before holding your longs. The pair at the same time has reached a double Quarterly Supplies "Just the Proximal lines" this is around 1.33200. There is another close supply sitting above around 1.33500. The current level is a reversal one and the odds of potential continuation requires a significant catalyst to push it even higher and break all these obstacles. Therefore, a good R/R potential opportunity is currently in hand of about 30/40 pips SL.
Follow and like for more important #Swing opportunities.
#AHMEDMESBAH
#XRPUSD Ripple is Building an Upwards Move!BITSTAMP:XRPUSD
Ripple might have made its way upwards to the nearest visible weekly supply.
February monthly retests should be taken into consideration when getting Long.
Current channel might break to the downside to make a new channel below it during next short term.
Follow for more setups...
#AHMEDMESBAH
BITCOIN [D1C] Let me make a Point based on COT REPORT!BITSTAMP:BTCUSD
Before you BUY!
As i see more traders are adopting the hype of a "SURE" breakout to the upside, I just wanted to make a very quick reminder to crack the current situation.
Not based on my own gut feeling or my own understanding, but to the fact that Speculators have loaded this range with enough supply to send it lower.
Check the chart for their positions, even though their short or long positions usually don't take effect right away, it do have a significant value when its being
used again when price in range.
Last Specs positions:
7th January:
Longs = 3,385
Shorts = 4,820
Last Specs positions:
14th January:
Longs = 3,368
Shorts = 4,728
I didn't want this chart to be messy but there are a lot to say about current situation and how many can get the bait.
I personally think this is sliding down slowly, but still its not an investment advise...
#AhmedMesbah