ErfanParvini

ErfanParvini Updated 

As we are running out of steam in the Dollar crosses, and DXY is kinda ahead of itself, I think this is a nice setup at a major level looking for a nice breathing room. The long-term outlook for EURUSD is in fact BULLISH as the ECB will be getting ready to put an end to the QE program in the mid 2017, huge surplus for the ECB, and an increasing deficit and debt...

ErfanParvini

At a major ratio, area of congestion, expectation of continuation to the downside as we expect a stronger dollar in the near term and fed funds futures at a 98% chance of a December hike! Best of luck!

ErfanParvini

U.S. and Global Economy The American economy moved into a higher gear last quarter, as the Bureau of Economic Analysis reported that real gross domestic product increased at an annual rate of 2.9% in the third quarter of 2016 beating the market expectation by 0.4%. This was a huge improvement compared to the first and second quarter figures which came out worse...

ErfanParvini Updated 

With the recent OPEC announcement on cutting production, we can confidently look for some upside move for oil for next couple months. Canadian dollar strengths of course comes along with strength in oil for my fellow FX traders! Good luck!

ErfanParvini

We are back to the brexit lows, a key level to determine the next impulse move in the market.

ErfanParvini Updated 

There has a been consolidation in the DOW and S&P which is about to explode in one direction. Ahead of Non-Farm report tomorrow there is a good chance that with a slightly negative number we explode to the downside, as the chance for upside is just close to zero in my opinion. A lot of uncertainty in the global markets, global debt at its highest ever, not good signs !

ErfanParvini

Potential H&S is forming, potential key areas to watch for!

ErfanParvini

Good hrtinpprtniiy

ErfanParvini Updated 

Very decent shorting opportunity with a good R/R.

ErfanParvini Updated 

Even though the current sentiment is bearish, the overall picture heading to the NFP is bullish on this pair. Nice double bottom formation at structure and even handle number confluence with a fib level and with RSI divergence and incredible R/R ration up to the previous highs. Nice trade if it plays out in our favor. Good luck!

ErfanParvini

Key technical area to watch for bullish continuation on US DOLLAR, considering the chance for rate hikes in June by Fed.

ErfanParvini

We could be going for another fall of a cliff!!

ErfanParvini Updated 

These are just 2 areas I would like to watch that if market runs into I might consider getting involved. The important thing is to have a plan for all the possible scenarios ahead of time! Good luck :)

ErfanParvini Updated 

As the pricing keeps on moving along this channel, a pull back into the support area is a good area to go long.

ErfanParvini

We are at a key decision point! Be aware!

ErfanParvini Updated 

A very good example of combining structure and ratio trading. Any move back up into that structure shelf, lining up with 50 Fib retracement, completion of the harmonic move, and 1.414 fix ext is going to represent a shorting opportunity. You can use another tool like reversal candlestick patterns and indicators to approach it as a counter trend trade and have a...

ErfanParvini

We are in a bullish trend on 1H time frame, at a pretty significant structure level (As shown with arrows market has reacted to this zone several times in the past). There are some Fib confluence, and double bottom with RSI divergence. In my opinion, if we are going to go higher on gold this is probably where it is likely to start. Good luck traders!

ErfanParvini

Gartley formation traders, Fib Inversion traders, ABCD-Structure traders! There is a great opportunity to get long anywhere in that blue box!