AbdorhmanThi

AbdorhmanThi

Yes I know I posted the pattern after it completed. I took the trade however. I am looking for a retest of the high, obviously it will not be going straight up. These are levels that I will be paying close attention too. Trade with care!

AbdorhmanThi

it will be consolidating for a bit before we see a move down. After the move down we will go back to new highs.

AbdorhmanThi

This seems like a plausible possibility before a retest of the highs. The pair just broke the 4H downtrend line and made a double bottom. Risk reward for both trades are a great size as well. Trade with care!

AbdorhmanThi

A harmonic pattern is forming right at structure. This is a great spot to place your order because you have a good idea where to put your stops. Also, since it is at the 4H channel, it can allow a move back down to retest the lows of the channel. Long term view is bullish.

AbdorhmanThi

EURAUD broke the downtrend. It is now pulling back to retest that trend with an advance pattern formation. These are usually good indicator to buy. I am expecting the retest of the weekly trendline. This is a swing trade. It is better to trade in between swings as well, with the intention of buying.

AbdorhmanThi

I will be buying this pair up. I believe we will see this pair go very high up long term so I will be looking to trail my stops up.

AbdorhmanThi

There is a shorting opportunity on the AUDJPY. based on how this one plays out. We can determine if the pair will continue lower for the remainder of the month.

AbdorhmanThi

NZDUSD broke the high. It is good to wait for a retracement to enter long with the trend. A harmonic pattern can potentially form giving us a great entry with low risk. Trade with care.

AbdorhmanThi

GOLD will be long term upside. There is a potential move down one more time. If this happens, it will give us the best possible entry to go long. Once you are long. You want to stay long for months or years. Just keep adding to your position on retracements.

AbdorhmanThi

GBPUSD is a wait for a break to buy to the top. Risk reward will be good. If you wait for a retrace you can catch more pips. But my guess is if it breaks the top it will soar to the top range.

AbdorhmanThi

EURUSD is currently trending up but I am looking to short this pair this week after price goes up a little more. I believe it will make the monthly high followed by a retrace. So I am looking for the 2nd short idea instead of the harmonic pattern.

AbdorhmanThi

AUDJPY has been an interesting pair this week. It formed a bearish bat, but it isn't the ideal bat. Normally you would want the .88 Fibs to be met without any retracement. If the bat does work, I believe it will only reach target 1. Target 2 is possible, but with such a recent strong uptrend, it will be difficult. However the target 2 does lie on the new...

AbdorhmanThi

This is my thought on the next few moves for USDJPY

AbdorhmanThi

Trendline is broken. It is now making a flag. A bat pattern is about to be formed at the trendline giving optimal entry for shorting til previous low which is target 1.

AbdorhmanThi

The market opened up with a gap on EURGBP on the 61.8 fib level and we see a fall in the price. Now it is making a 127 fib extension. Looking to long the pair for a retest of the high. I will be avoiding EUR pairs this week due to the rate decision on Wednesday.

AbdorhmanThi

This is my view on the possible movement for AUDUSD. It can potentially form a bullish bat on the smaller time frame to let us enter for the bigger ride up. Or it can break the new resistance to form a harmonic pattern for a short into a inverted head and shoulder for an upside. I think the latter is more likely because of how price moved last week at a strong...

AbdorhmanThi

AUDJPY does not seem like it will make a harmonic pattern. It has broke the upward trendline. There is still room for it to go up to complete the pattern. But since the trend channel is broke, I will be looking to short after a retrace.

AbdorhmanThi

Audjpy is at a weekly resistance level and it is showing signs of difficulty going higher. There are a few setups for shorting with harmonics. If this pair breaks the upward trend line. Then we are looking to sell.