Dubai
AmanStill i will stick with the same trading plan, again today it took support at the dynamic support level that is 200ema its holding it nice its very important that the price bounce up from here and show some bullish sign to attract the buyers. First resistance is at 0.435 thn 0.445 once it crosses it will give a good run. I am stalking and bullish for this one.
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DFM What Happen TodayAfter a breakout usually market rallies but today was somewhat opposite. The small resistance of 2090 pushed market down its bit surprising. Any how there is still potential to go higher from here, there are good chances of crossing 2100 tomorrow and the rally continues to upside. On the other side if the market comes back into the triangle range thn scenario will change this will indicate bulls are not strong and not ready to fly yet. I am still bullish and i think market will push it to upside tomorrow.
Analysis of GBPNZD on H4 (04/08/2020)GBPNZD-H4
If the price manages to break the zone around 1.98158, we will go into an uptrend.
This is the most likely of our analysis because it is confirmed by the underlying trend and the MM at 50 which is below the market.
If the price breaks the zone around 1.96170, the market will go bearish.
Let's wait and see...
Deyaar got rejectedThis looks interesting but it got rejected today, i think it will give it another try tomorrow and may succeed as it tried first and got rejected as this is not the new territory for deyaar i am in this trade and my next target is 0.310 level. If you on my insta and following my trades you will see the entries and my setups.
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Amlak Star of the day!!!What a performance today my Amlak!! opened gap up and maintained it also closed above 200ema. I would surely want to buy this tomorrow but not at that price. I will see how the price is behaving at my marked zone that is yellow box. If is see bullish pressure in the yellow box i will pull the trigger and go long. Bullish for now!!
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Salama More UP?As i had mentioned it on my insta this one can take off anytime and is good to buy also it was in my stalking list. Sure more upside coming up tomorrow i will look for a buy chance in a smaller time frame 0.623 to 0.620 is a good area to catch this one and go long first TP at 0.650
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Market BouncedNo doubt that 2050 is the most watched area, buyers are sitting right at 2050 the moment market touches this level market is pushed up. Its still within the triangle range and eventually give a breakout to either side. I am bullish and expecting it to break to upside. Triangle is almost ripe and it getting ready to breakout we will soon see a breakout. Bullish for now.
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Emaar Properties is trying hard!!Its trying hard to climb up as artc is jumping up everyday which is also a real estate stock. But emaar is under performing these days. It have made a inside candle today again. Technically it will follow the direction of the breakout of its previous candle that is a red candle. We have to wait and see which direction its breaking and closing. Keep stalking this one. I am still bearish for this one till it closes above 2.70
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Union Properties - buy now?As we can see in the chart it have started to make higher lows we can see a shift in the momentum already. Yesterday it made a solid green candle bulls got activated here. It broke the resistance yesterday of 0.287 and today it came back to retest. As per my analysis it should go further up from here and make higher highs. I entered this trade bit early but not in big quantity as i was not confident my stop loss is intact. In tomorrows session if it can close above the resistance of .30 it can quickly climb up.
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Deyaar good buying opportunityDeyaar have broken the trend line and it broke up, today was a retest day as per my analysis it should push up from tomorrow. If this current level of support hold it can easily go up till 0.297 zone. If it gives good buying signal tomorrow i will enter this trade and go long.
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GOLD's NEXT POSSIBLE MOVEGold jumps $17 to renew 9 years high above $1881.
As we can see GOLD's Higher high is on 1,865 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1859 and there are chances of rebound towards sell area below 1840. $1920 is not far. It will remain in consolidation this week probably in the current zone of 1850-1825. In case if its break the support level of 1840 than there will be more chances that gold will touch the support level of 1820 and adopt the zone between 1820-1795. If Gold leaves this zone of 1795-1820 towards downside, its next target will be 1785-1765 but there is nothing that can stop GOLD's bullish momentum so far.
The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold .As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement.
Entry should be taken if all the rules of entry are applied.
Comment below if you need any Help.
DFM Again Same PlayIts done it again, its in the triangle range it almost it the upper range during the early hours of trading and the its fizzled out to close at 2061. We are still within triangle lets stalk closely as we are nearing to the breakout. It would be so exciting to see on which side its breaking. I think it should break to upside. Bullish for now
I will update my stock picks for tomorrow in a video soon. Keep stalking :)
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My Stock Picks for TomoroJust a quick one, stocks that i am stalking. Lets see how they perform tomorrow and what signals they give me. The setup is ready, i have good signals as well, now i am waiting for at trigger tomorrow. I am in the trade GFH i didnt include that i just missed it my entry today was at 0.570 and my target is 0.590 will update tomorrow how my trades go.
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Emaar Properties Again emaar got smashed today its trying to rise up but sellers are pushing it down. We still stick with the same plan if the current support level does not hold that is 2.60 level it will quickly come down to 2.45 - 2.50 so far very bearish so no trades.
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Gfh Good buying opportunityGFH is holding at the support level if you are following me on insta i had mentioned about this and i have entered the trade at 0.570 as when you scale down to 15 mins chart i could see that 0.569 was clearly holding and buyers were accumulating in that area. I am in this trade and my first target is 0.587 i think market will push more up and will manage my trade accordingly.
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Dubai Financial MarketAs per our trade plan market is still stuck in a triangle range and have bounced off from the crucial support area by now we know 2050 is important level for the market and its closing above 2050. It would be very interesting to see which side it gives a breakout. I am still bullish as the market is above 2050 level. I think either this week or max next week we should see a breakout.
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