TaherJalili

TaherJalili

We discussed this market yesterday and the inside bar and bearish rejection candlestick that price had formed at the daily resistance level. Price has now sold away from that level and is moving lower into support. This support looks crucial. Not only has this support level held in recent times as a support level, but also as an important daily chart resistance...

TaherJalili

Price action on the daily chart of this pair has formed a large bearish engulfing bar - BEEB. As the attached chart shows; this engulfing bar is rejecting the recent price flip support level that has now held as resistance. As we went through in yesterday's analysis with this pair, price had recently formed a 1,2,3 reversal pattern and price was re-testing the...

TaherJalili

Price action on the daily chart of this pair is now testing the major daily resistance level. This level is a proven price flip level and in recent times has held as both a proven support and resistance level. As the daily chart shows; price has now formed an inside bar and a bearish rejection candlestick at this level. If we can get a sell lower from this...

TaherJalili

There is a longer term downtrend in place on the daily chart of this pair that price is now trying to continue on with. If we look at the short term we can see a move with momentum back higher that makes it important you make trades with your time frame in mind. Price is now sitting around an interesting point because as you can see on the 4 hour chart it is...

TaherJalili

Price has now snapped back above the major daily chart resistance level. This level was a previous support level that contained prices before a strong breakout lower. This price flip level now looks crucial for the next move in this pair. If it holds as a support level, it could be a solid level to look for long trades should price rotate lower. We should keep...

TaherJalili

The longer term uptrend that has been in place with this pair since March of this year is now looking to continue. As the daily chart shows; price is now looking to test a crucial daily resistance level. Whilst price is in an overall trend higher, in the shorter term we have a bearish 1,2,3 reversal pattern that has formed to the downside. That is where this...

TaherJalili

This is an interesting market. Whilst there are plenty of bulls getting around, the uptrend that was in place earlier in the year has well and truly stalled. Price has now moved higher on the daily chart into an important level. As the daily chart shows; this level was the previous support level that held price higher before price broke out lower. Price is now...

TaherJalili

The daily chart resistance level we highlighted last week has now been broken and is looking to hold as a price flip support level. As the daily chart shows; price has broken above this level and has formed a candle with a lower wick rejecting this level. If price follows through with this momentum we can look for the next resistance level around 3424.45 to be...

TaherJalili

I cannot say I am a fan of this pair or that it is a pair I look to make too many trades in. This is even more the case at the moment with the price action that is getting printed at present. Whilst it can often be very profitable to trade from a range high or low back to the other high or low, that is not the case here. The price action is extremely choppy and...

TaherJalili

Price is now looking to test the major price flip resistance with this pair. After breaking out lower, price made a large sell off into support. After bouncing from this support level, price moved back higher into the old breakout support and new price flip resistance level. This level looks crucial for this pair. If it holds then a new trend lower would look...

TaherJalili

Price on the daily and 4 hour chart of the GBPUSD is beginning to form a range pattern. As the daily chart shows; price has now rejected the key resistance level twice and we have a swing low support level in place. Whilst these range levels continue to hold we can begin looking for both long and short trades from the range support and resistance. If price...

TaherJalili

Since March of this year this pair has been in a roaring trend higher. However, in recent weeks price has been attempting to make a reversal with a 1,2,3 pattern on the daily chart. The level price is now pushing back into looks crucial for this pair. For any potential reversal lower this level will need to hold as a price flip resistance. If we can see that...

TaherJalili

This market has turned to chop in recent sessions. As the attached daily chart shows; the bulls and bears have no clue who is in control. Price makes a move higher, only to be crunched back lower in the next session. This is a market (and similar looking markets) I am avoiding until we get a clearer price action picture and when there is far less risk of being...

TaherJalili

This is another market that has become frustrating to trade just at the minute. Whether you are a bull or a bear, the conditions are tricky at the present time. Whilst the trend this year is higher, in recent times we have had a serious amount of consolidation and ranging. On top of that there are many minor levels both on the daily and intraday time frames that...

TaherJalili

We discussed this market yesterday and the 1,2,3 pattern that price was in the final stages of forming. Price attempted to complete this pattern by breaking lower and through the daily chart support level, but price quickly snapped back higher to make a false break. This pattern and support level are key for this pair. If we can get a break lower in the next...

TaherJalili

Price on the daily chart of this pair has formed a bullish engulfing bar. Whilst this is a large and clear engulfing bar candlestick, it comes after price has made a large sell off lower. It also has formed below a daily resistance level. That means for price to make a move back higher it will have to break through the very close overhead resistance. Whilst it...

TaherJalili

Price on this pair is in the last stages of attempting to form a 1,2,3 reversal pattern. After forming the lower high, price is now looking to test the daily chart support level. If this level breaks and the 1,2,3 pattern gets confirmed, then all the momentum would be lower. This would open the way for a lot of potential short trading opportunities.

TaherJalili

Similar to the USDCAD (but inverse), after breaking out of the tight daily chart range support area, price quickly moved into the next key support level. The old breakout support level looks a solid level to act as a price flip resistance. If price can find it's way back into this price flip resistance, then it could provide some A+ short trading opportunities...