TaherJalili

TaherJalili

In last week's trade ideas we looked at this pair and the potential for price to move into the yearly highs. After testing these highs, price formed a daily chart bearish pin bar reversal and price moved right back into the consolidation and sideways range. As the 4 hour chart shows; price is now hovering around the intraday support level. The intraday charts...

TaherJalili

Whilst price has been trending strongly higher for the bulk of this year, in recent weeks the trend has ground to a halt. As the attached 4 hour chart shows; price is very sideways on the intraday charts. This can be a tricky time to look for trades because inside this range is a lot of choppy price action. The best play for conservative traders could be to wait...

TaherJalili

Anything can happen You don't need to know what is going to happen next in order to make money There is a random distribution between wins and losses for an y edge An edge is an indication of a higher probability of one thing happening over another Every moment in the market is unique

TaherJalili

Wasting my time

TaherJalili

This is a market we have been discussing heavily of late. After the support level held with a 4 hour chart bullish pin bar, price roared higher. Price is now back at the same support level and once again making an important intraday test. This level looks important for where price heads next. Whilst it would not surprise to see price range and consolidate from...

TaherJalili

After trying to make a fresh yearly high on the daily chart, the EURJPY formed a bearish pin bar that sent prices tumbling lower. Price is now looking to breakout the intraday support level as you can see on the 4 hour chart. The trend and momentum are still very much higher on this pair and the 125.11 level look solid areas to watch for potential bullish price...

TaherJalili

Price action on the daily chart of the AUDCAD has formed a top and has been unable to breakout to create new highs. As the 4 hour chart shows; after forming a period of consolidation, price has broken lower and moved into the intraday support level. If price can now rotate back higher, the old support could look to be a new price flip resistance and a potential...

TaherJalili

Pretty interesting intraday chart on the USDCAD. Whilst all the trend and momentum has been lower on the higher time frames, price is consolidating on the smaller time frames. Whilst I would not be keen on making any bullish trades whilst the trend is clearly lower, I will be looking on the intraday charts to make sure the resistance around 1.3078 holds before...

TaherJalili Updated 

We discussed this market last week and the important support level that was propping up prices. Price has since formed a 4 hour chart pin bar at this level that has sent prices higher. Price now comes to an interesting resistance. If price can break this, then the yearly highs for this market would quickly come into play for the next bullish leg higher.

TaherJalili

This pair has been stuck within a tight clear range for the last three months now. As the attached daily chart shows; price has not been able to break either the range support or resistance levels. Because this range is so tight I would much prefer to look for breakout trades and then breakout and intraday re-test trades.

TaherJalili

This pair has been choppy and sideways all year. The past few weeks have been no different. After a huge daily chart bearish engulfing bar, price went right back to forming an inside bar and going nowhere. Whilst price is very sideways there are still trading opportunities. The best plays look to be trading both sides of the market from the range high and low...

TaherJalili

Price is now testing the major daily resistance level that has recently been a very strong barrier. Whilst this level could now break, if we can get a pullback lower into the near term support level it could be a very solid area to look for long trades. Trades could be hunted on both the daily and smaller time frames with high probability price action triggers.

TaherJalili

We looked at this market recently and the very tight squeeze price had been forming. Price has now aggressively snapped out of this squeeze higher into the longer term resistance. This is an interesting market and a higher risk market to trade. There are far more gaps than the major Forex pairs and moves can at times be erratic. If price can now rotate lower...

TaherJalili

In yesterday's trading ideas we were looking to see if price would continue the march higher into the yearly highs. Price is now breakout this resistance level. This level looks crucial for where price goes next. The bulls are in control at the moment and any quick pullbacks lower could be a solid point to start looking for long trades.

TaherJalili

Monthly overview

TaherJalili

We discussed this market in the weekly trade ideas last week and how price was strangled within a tight range and box pattern. Price has finally broken out of this consolidation and exploded higher. The breakout traders who made this trade would not be sitting on handy profits whilst others could be looking for a second chance entry. If price rotates lower back...

TaherJalili

Price is now looking to breakout of the intraday resistance level with a potential re-test of the yearly highs made earlier in the month. A test of these highs looks crucial because if the swing high resistance gives way we could see another extended leg higher. The trend has been clearly higher on the daily chart this year and another break would expose a lot...

TaherJalili

Price has finally snapped higher out of the consolidation box pattern it had been stuck in over the three weeks. The last time price tried to breakout it quickly reversed and created a false break. The old breakout resistance level looks key. For the breakout to remain a breakout and not a fakeout the old resistance will need to hold as a new support. This...