TaherJalili

TaherJalili Updated 

After breaking out of the consolidation pattern on the intraday charts, this market has its sights set on the 11107.33 resistance level. As the daily chart shows this is a clear price flip level that could now look to act as a resistance level. If price can rotate higher back into this level, then it looks a high probability level to look for potential short...

TaherJalili Updated 

breakout done now keep eyes on these zone

TaherJalili

After discussing this market in yesterday's trade ideas and how stuck it was, we finally have a breakout. Price formed a large 4 hour chart bearish engulfing bar and smashed out of the breakout support level. This level could now act as a price clip and new resistance level to look for potential short trades with the new momentum lower.

TaherJalili

Momentum is slowly building in this market towards a breakout. Whilst a breakout higher would be favorable as it would be inline with the overall higher time frame uptrend, I will be watching the price action for any major breakouts. If price ends up breaking lower, the smaller time frames could provide a lot of trading opportunities for both straight breakouts...

TaherJalili

The wind up is really on in this market. If you flick to your daily charts you will see an inside bar along with other indecision candlesticks showing the bulls and bears both have no control. Similar to the EURNZD, after the huge move higher in this market we are now back where we started the year. Whilst I am happy to look for trades at the two swing high and...

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Price is now rotating back lower in this market and looking to test the crucial swing low support level. After all of the nice resurgence and move higher, price is now back at the same level it was in February of this year. This is a pretty clear cut swing low support and looks a major level to watch in the coming sessions for potential trades.

TaherJalili

Price has attempted to break higher and continue the trend on multiple occasions in this market. As the daily chart shows; so far this level has held strong and is the only thing standing in the way of the uptrend moving back into full force. This is definitely a market to watch closely in the coming sessions because a break higher would expose a lot of free...

TaherJalili

After making a strong trend higher for the bulk of this year, price in this market has been in consolidation mode for the past two months. As the daily chart shows; price has been winding up tighter and tighter with a series of lower highs. Price is now coming to an important crossroads. Momentum has been building lower with each test of the major support...

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Upcoming scenario

TaherJalili

This is another market that is building momentum. Price has repeatedly tested the important intraday support that at this stage is still holding. The overhead resistance around 0.6632 is containing prices and if this level holds, then a breakout lower could come with force. This could lead to a lot of potential short trading opportunities that could be watched...

TaherJalili

Momentum is slowly building for a breakout in this pair. Price has been steadily winding up and has not been able to break the session high or low of the large bearish engulfing bar that formed 9 days ago. That is important because the longer the winding up goes on, normally the more explosive the breakout will be. THANKS FOR YOUR LIKE AND SUPPORT...

TaherJalili

Yesterday we discussed this market and the critical support level price was looking to test on the 4 hour chart. We also discussed the recent higher lows price had been forming. As the 4 hour chart shows; price has now formed a large bullish engulfing bar at this area and moved back higher. The recent swing high resistance now comes back into play and is the...

TaherJalili

In this week's trade ideas we looked at this pair and the huge sell off on the intraday charts. We also looked at the high probability resistance area to look for short trades. After rotating back higher into this level, price found resistance and continued with the trend for the next solid leg lower. If price can now rotate higher back into the intraday...

TaherJalili

After looking like price going to breakout and make a new leg higher. price quickly snapped lower and moved into the range. As the chart shows; price is trading within a fairly clear range. Until one of these level gives we can look to trade both sides of the market from the intraday support and resistance back. Thanks for your like and support...

TaherJalili

This market has produced some incredibly erratic Price Action in recent sessions with huge swings higher and lower Price now breakout the intraday resistance and retest this level. if new support can reject Price we could see price quickly move into the resistance around 6078.78 From there the trend could look to continue and it could begin once again forming...

TaherJalili

This is one of my least favorite markets to analyse and trade. I normally don’t spend too much time analyzing what it is doing because it tends to do the same thing over and over. That is create incredibly choppy price action that can spend days at a time going up and down in the one spot. As the chart shows; even if you picked the correct direction in this...

TaherJalili

The major daily support level on this pair is facing a big test. The higher time frame charts including the daily chart are all trending higher and this is a proven price flip level. However; there is a stubborn intraday resistance level containing price at the moment. As the 4 hour chart shows; price is stuck between the major daily support and the intraday...

TaherJalili

After breaking higher and through an important daily resistance level, price has formed some indecision candles. Price now sits just above the old resistance and new price flip support level after forming a daily chart inside bar. This level looks key for where price heads next in this market. If this level holds, we could see the resistance around 1.2200 taken...