AbdulRazaq

AbdulRazaq

Look for long entry at end of triangle

AbdulRazaq

Completing triangle before resuming bullish move to wave 5

AbdulRazaq Updated 

Buy on dip to follow major trend bullish.

AbdulRazaq

Completing pullback with wave C

AbdulRazaq

Epecting BTCUSDT to climb and complete wave 5 prior to massive selldown.

AbdulRazaq

Expecting crude to gap down to 47.3 - 47.5 level to met the diamond buy zone. Price will climb to 48.8 - 49.5 level, possibly a bit further to 49.6. For price to continue uptrend, we expect a pullback to 47.7 - 48 zone and then buyers to push the price back up to extreme level 51.5. Beyond that it's probably a big jump down the cliff to the 30's... The calm before...

AbdulRazaq Updated 

There can be 2 scenario for the movement of gold depending on kicks from the virus or the bottoming USOIL. Scenario 1 can see the continuation of the climb up to 1700 before a correction. Scenario 2 can see the bounce atearly Fibo retracement and an extension to 127.2% back to the previous bearish marubozu. Possible a strong impuse move downwards afterwards.

AbdulRazaq

USOIL BROKE THE FUNNEL AND DROPPED TO USD40 DUE TO CONCERN WITH THE CORONAVIRUS AND THE EFFECT ON CONSUMPTION. EXPECT THE SHORT RETRACE TO USD41 BEFORE EVENTUAL ATTEMPT TO BREAK USD43.

AbdulRazaq

XAUUSD HAVE BEEN CLIMBING IN RESPONSE TO GLOBAL SCARE WITH THE CORONAVIRUS AND THE MELTDOWN OF THE USOIL. EXPECT BUYERS TO DRIVE THE PRICE UP TO THE LAST SWING HIGH AND WE TAKE OPPORTUNITY TO SHORT AT THE TOP. STOP LOSS AT 10 TICKS FROM STRUCTURE.

AbdulRazaq

NCOV VIRUS THE CHINA BOURSE LIMIT DOWN DAMPS INTEREST IN THE COMMODITY. EVEN GOLD IS FEELING THE HEAT.

AbdulRazaq Updated 

USOIL INVERSE HEAD AND SHOULDERS BEFORE REVERSE TO BULLISH BASED ON S&R AND SND. TP ON FIBO RETRACEMENT AND RESULTING FIBO EXTENSION.

AbdulRazaq

If XAUUSD can test 1573 and break that level it can climb past the Fibo 50% and go beyond 1576 it will test 1592.

AbdulRazaq

Seems to move sideway before movement. Price may climb up first to touch Fibo 23.6 before reversing back into the box. Higher timeframe retracement before continuing bullish climb. FOrecast H1 is short term bullish but the big bearish candles may come back this Monday. Let's see what #Trump will tweet...

AbdulRazaq

Not sure it's the after party or what but QMF2020 is hard to predict and based on fib zones and markings, it will probably zig zag. Let's try to use these zones to take some money off the table from the boozing big boys :-)

AbdulRazaq

BASED ON MACD WAVE 3 AND WAVE 5 ALREADY FORMED. LOOKING AT ABC FORMATION TO END THIS CYCLE AND START OF NEXT CYCLE SOON. POSSIBLE TRADE SHORT TO CAPTURE END OF WAVE C. LIMITED RANGE. TRADE CAREFULLY.

AbdulRazaq

Momentum indicators are indicating bearish bias and this shall persist. Daily made a reversal but no strength and commitment demonstrated to climb back up. Go short!

AbdulRazaq Updated 

Based on multi RSI line all above 50% and all stochastics pointing 80% and up this price is climbing for a quick take profit. H1 indicates uptrend is holding and now is the time to make money!

AbdulRazaq

If PLV2019 can tests upper S&R Zone and close above 859.0 expect a bullish momentum to TP at 870. Strong showing can continue. But this may be just a short term window as stochastics are peaking at the overbought level. Go long and take opportunity. Exit upon any sign of weakness.