FahimLatif

FahimLatif

As we predicted from previous ideas, USDCAD pulled back to the S/R area where we would see a bounce and effectively the pair is now facing rejection from the support area (very clear in the daily chart). Good to enter after a bullish daily candlestick closure

FahimLatif

The pair has reached the upper trendline where we could see a bounce to give place to a new bearish wave. The pair couldn't go higher than this area for the past year and the candlesticks are already showing rejections to the mentioned area, will go short once the daily Stochastics cross eachother.

FahimLatif

USDJPY completed the 5 Elliot Waves and it looks like it's repeating the same pattern as few months back but in a smaller scale. Since the pair failed to create a new Higher High in the current uptrend, I can see the pair dropping anytime soon. I'll personally go short once the pair gives me a clean breakout on the current trendline, which will definitely happen...

FahimLatif

After we called a long term buy few weeks ago, USDCAD reached the 61.8 fib level where it bounced. We could see the pair dropping to the key level below for retesting it and then push up again (see the arrows), we could get away with a profitable short term sell.

FahimLatif

GBPAUD turned into a bearish market and I'm expecting it to drop at least to 1.8250 where the price will meet the lower trendline due the following reasons: - Price has retested a historical high. - Price has completed 5 Elliot Waves - Price has created a harmonic pattern + pullback. - Stochastics indicating sell We could also see a trendline breakout at the...

FahimLatif

Clear harmonic + pullback

FahimLatif

The pair has met a major reversal zone 1.87010 Resistance (red line). After creating a nice structured harmonic patter, the pair has completed the pullback so we should see the pair dropping down anytime soon at least to the 38.2 FIB level

FahimLatif

GBPCAD is in a major uptrend giving us nice and clear Higher Highs and Higher Lows. If we see past data, the bounces on the trendline and Stochastics reversals were clear and precise, and this exact same pattern is occurring right now, adding this time a harmonic pattern to our charts. Also, if we see the daily candlesticks, bullish momentum is CLEARLY dying for...

FahimLatif

Previous idea was incorrect. I can see GBPUSD rising a bit more to touch the 4h trendline, bounce and then drop down. I still believe in the selling scenario as RSI and Stochastics are supporting it.

FahimLatif

GBPJPY RSI divergency have been spotted in the 4h chart, will wait for a reversal candlestick to go short

FahimLatif

Long wicks are indicating that GU is being rejected by the resistance level above the current price. RSI shows a little divergency which is also valid to short the pair. I'll personally target the 61.8 fib level, risking 50 Pips for a 160 pips reward.

FahimLatif

GBPJPY is giving us a perfect structured trend, same as USDCAD. We could see the pair bouncing again to drop in the long term continuing the down trend as Stochastics in the daily chart are indicating a possible sell coming soon. Will wait for a reversal pattern or a fundamental catalyst to go short.

FahimLatif

USDCAD bounced in our mayor trendline maintaining the structure of a perfect bullish trend. I will re-enter in a buy once market reached the red circle to ensure the price breaks the little resistance (yellow area).

FahimLatif

EURJPY has been ranging for the past few days and it's currently at the edge of this area. If the pair breaks out the consolidation zone I can see the pair continuing pushing up towards the upper trendline completing the 5 Elliot Waves.

FahimLatif

After breaking the bullish trendline, the pair has retested the trendline at the 61.8 region and bounced. I'm expecting the pair to go down.

FahimLatif Updated 

On the daily chart we've spotted a hammer candlestick showing strong rejection, alongside the Stochastics which is supporting our buy idea. If we go to the 1h chart, we can see how price broke and retested a S/R, so I'm very confident about a bullish scenario.

FahimLatif Updated 

As called in my previous idea, NZDUSD broke the resistance and just retested recently alongside the 61.8 fib level, we should see the pair climbing up towards the next resistance area. Stochastics on daily chart also shooting up.

FahimLatif Updated 

GBPJPY broke the resistance and tested it as a support, following a nice intraday uptrend. I will go long after the price rises 10 pips more.