MuneebUddin

MuneebUddin

As we witnessed that AUDUSD shown a good bullish rally and then went into the ranging phase since past few days. But now it has broken that range & thats the clear indication that it has been out of the DISTRIBUTION PHASE and started making a series of lower lows & lower highs . Since we always want to trade on market's behaviour instead of trying to short...

MuneebUddin

GBPJPY is showing continuous rejection from the level of 192.014, giving a opportunity of selling once again from this level. Can have a risky short ride keeping SL at the top of this level. If it rejects once again then we can book our Take profit in it easily.

MuneebUddin

At the level where USDCAD is currently at, It has taken support oftenly as the chart shows in previouse times. We may expect that again if takes support at this level so we may see a strong buy which is being supported by other technical factors as RSI is also showing a bullish divergence and a break on Falling wedge already been done too. So if it makes a...

MuneebUddin Updated 

As we can see that a clear Uptrendline have been forming on 1 hr timeframe with prominent Higher highs & Higher Lows with no any divergence on Rsi so we can ride one more Higher High from this Higher low which is forming right now giving us discount prices where we can enter to book our profits on next Higher High.

MuneebUddin Updated 

We can see the distribution Phase as its consolidating that means it may start to fall if it breaks downward. So lets wait for the breaking of this wedge and we can ride it to book our TP. Another bearish divergence have formed on RSI indicating to be fallen soon (divergence on RSI always indicates us prior to the price action).

MuneebUddin Updated 

As we can see in the chart a Rising Wedge have formed along a bearish divergence on the RSI which indicated the decreasing Volume and Price is already on the premium area which shall be corrected on the hourly timeframe soon. If this wedge breaks downwards then we can expect the price to test the Daily Trendline for a Higher Low. If this happens then we can...

MuneebUddin Updated 

Bearish divergence spotted on an ascending channel on 1hr chart of GBPNZD. We can see soon that it may start falling or may go in distribution phase (Consolidation).

MuneebUddin Updated 

It initiated the bullish rally and then went to rest making a Bullish flag pattern, Now its matured so we can enter in it for Buy prospects.

MuneebUddin

A falling wedge along a bullish divergence on RSI Formed on Gold. It may result in breaking of this wedge and gold may start print new highs on 1hr timeframe. Currently we can see that it seems like its in accumulation phase right now. And its been observed that rally comes after accumulation phase oftenly.

MuneebUddin Updated 

As we can see a rising wedge formed on 1 hr chart in ascending phase , Right after its appearance a bearish divergence also formed on RSI and its into the distribution phase right now so we can expect a descending phase will start after this. We can play it by placing our SELL STOP if this distribution rectangle breaks downward and then we can ride it...

MuneebUddin Updated 

It initiated the bullish rally and then went to rest making a Bullish flag pattern, Now its matured so we can enter in it for Buy prospects.

MuneebUddin Updated 

As we can see that rising wedge have been formed on USDCAD 1hr chart along a bearish divergence on RSI which may result in correction in price.

MuneebUddin

Its a Rising wedge forming on GBPJPY with a bearish divergence forming on Rsi reflects that it may break soon.

MuneebUddin

As we can see it has marked all time low recently but it has strong support at 0.64746 from where we are seeing buying again & again, forming a descending triangle but there are higher chances of bounce back from the support and may start to print new Higher highs & Higher lows. In that case we will take ride into it once it breaks the triangle upwards & retest...

MuneebUddin

As we can see that its in accumulation zone and have also made a double bottom pattern with a bullish divergence on RSI . We will wait for its completion till the marked neckline and then if it starts making a HL & HH so we can enter for a buy trade because a bull trend will be started in it surely.

MuneebUddin

Since it was in bearish movement for long time, now has reached to its major support zone from where we can expect strong buy volumes in it. Bullish divergence have already been reflecting on RSI. Lets wait until the break of trendline then we can enter in it for long.

MuneebUddin

It has formed Symmetrical Triangle with a bullish divergence which clearly indicates that it will show an upward movement till the 0.382 Fib level.

MuneebUddin

As we can see AUDUSD showing a bullish movement since several hours but in actual it seems like completing a pattern of bearish flag. It will soon continue to move downward again according to the projection of flag. So we can enter into the trade after breaking the level of Pole's end and can ride it until 0.64756.