AbdorhmanThi

AbdorhmanThi

ETHEREUM is showing that there is a resistance level at around 300. Which makes sense since it is a psychological whole number. I am expecting price to go back down before continuing up. It is better for price to go up slowly than it is for it to head up like an arrow. If it goes up fast, it will drop just as fast. Let's wait for the 230-250 area before buying more.

AbdorhmanThi Updated 

All the Euros pair continues to be indecisive in its direction. I am in favor of the short side as some charts are starting to point in that direction. The interest rate for NZD was just released and it did not help the pair go any higher, indicating weaker pressure for upside. I am no currently waiting for a close of a 4h candle under the trendline to confirm a...

AbdorhmanThi

In order for the recent head and shoulder to be considered the top of the pair for weeks to come is for it to retrace to the right shoulder and continue making newer lows. I am in favor of this happening, as the US data has been good, also taking into account the correction needed if these USD pairs want to continue even higher. Trade with care.

AbdorhmanThi

Looking at the past, we see that silver is repeating the same pattern. If you are not long yet, best to wait for a correction or a sign to buy. Don't go chasing the price. Trade with care.

AbdorhmanThi

AUDNZD is looking bearish. Comparing the NZDUSD and AUDUSD, we can see why this pair will be heading down. NZDUSD is resting on a major support, while AUDUSD made new lows. We are waiting for AUDUSD to retest the new resistance to confirm the downtrend, same reason for the AUDNZD. We are waiting for a 4H close below the trendline. A possible Cypher Pattern is on...

AbdorhmanThi

EURAUD havent shown what we usually seen in this pair for continuation of the downside. It is currently consolidating sideways tightly (for the timeframe it's in). This indicate to us that a potential uptrend is likely on the way. Compare this with how the AUD is doing, this euro pair can go even higher. The Eurnzd can go down, if you look at the AUDNZD. The NZD...

AbdorhmanThi

USDCAD has been slowly creeping up higher back into previous resistance. I believe the pair will push all the way back to the tip, therefore I am no shorting right on the Bearish bat completion. Unless the pair breaks the uptrend line, I will be looking to long on a shorter time frame, then short at the top. Trade with care.

AbdorhmanThi

This pair is currently resting on the uptrend channel on the Daily time frame. It just formed a head and shoulder pointing towards the upside. However, I believe the pair can go a little lower. Therefore wait for the break of the neckline before entering this trade. Trade with care.

AbdorhmanThi

I recently posted last weekend that GBPCAD can continue higher. If formed an inverted head and shoulder, but havent been showing a strong move that a head and shoulder pattern tend to. We can possibly see this setup come into play. If we do, it will be the best long entry we can imagine for the GBPCAD. I am currently long with my previous post, but if it fails,...

AbdorhmanThi Updated 

A huge buy is on the way. Look at the monthly chart and you will see a clear reason why. Therefore, with a bullish mindset and a determined area to go long. This setup is one possibility that price can go in order to go up. The buy will be a very long hold. Target is 1.7770 Stops is 1.6180 Long term trade means, small lot size. Trade with care.

AbdorhmanThi

The Eurusd is showing more shorting opportunity. Here is an ABCD setup forming. Trade with care.

AbdorhmanThi

It seems as tho eurgbp has finally stopped climbing. Today impulse move indicate a trend reversal. We can now wait for a retest of resistance and enter short hold. Trade with care.

AbdorhmanThi

Ethereum is slowly pushing up as Bitcoin is climbing. If Ethereum have and impulse up and retest the new support, we can look to buy into the 300-320 area. Trade with care.

AbdorhmanThi

On the shorter timeframe, this pair has been consolidating since it pushed higher. It did not go far, indicating that the resistance level is strong and a direction is unclear. Once a breakout happens, it will be confirmed the direction this pair will go. After a breakout, wait for a hold of the previous structure. I am in favor of the short side, since when...

AbdorhmanThi

GBPJPY is showing a divergence on the RSI and if we look left, we see a triple bottom for previous support. We can look for some bounce back into the resistance level. Wait for a break out first will be a good idea. Trade with care.

AbdorhmanThi

Look for a retracement after the break for new highs. It seems like the Euros will not give up and the NZD is the weakest right now. There will be a lot of movement Wednesday, which will probably take this pair up to the extended target at 1.27 fibs. Trade with care.

AbdorhmanThi

This pair is showing potential down side. Let's wait for a break of the neckline. If price comes back up. We can enter short at .74550. Trade with care.

AbdorhmanThi

Price is starting to show a channel. We can look to get long again around 200-230 price area. Looking at the candle formation as well, suggest a down movement to this area. Trade with care.