Ahmedmesbah
#USDJPY [4H] A Tricky one...SAXO:USDJPY Is a tricky pair at the moment. However, i see a potential fall next week after a retest. This pair has made a move of an entire year so far during 1st quarter. Big bias is to the downside back to 102 or something. I tried to anticipate the moves based on supply and demand and the COT report.
#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
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#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.
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#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.
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#AHMEDMESBAH