Umair88

Umair88

Historical data analysis of TASI, since its beginning in 1985, shows a peculiar pattern wherein trading TASI for only 6 months in a year for 10 consecutive years yields higher or similar returns compared to buy & hold strategy during the same period. So a profitable strategic trading plan can be made with following Key highlights: 50% capital exposure to the...

Umair88

8010: TAWUNIYA has formed a cup and handle formation and a successful breakout of the pattern occurred recently. Long position can be taken with still room for 10-12% profit. Set SL below the breakout of handle Good luck!!

Umair88 Updated 

At the moment these are the bullish indications of TASI: 1. Taking support at 50% fib level of the uptrend that lasted from 24th Oct 23 to 24th Mar 24 2. Making a double bottom pattern 3. Taking support at an important support/demand level Is downtrend over?

Umair88 Updated 

EUR/USD has entered into a strong bullish after the recent breakout. Long position is recommended. The price will encounter resistances and supports all the way up to the target price of 1.11253. It may take 2 months from now to accomplish the target. We may have to wait until end of July Good Luck!!

Umair88 Updated 

BTC has currently been following Dow Theory as successive HH,HL are being formed. My opinion is to take a long position if today's candle closes above yesterday's candle (69289.67) My trade plan is visible in the chart. 2 Entries can be taken. 1st: when it closes above 69289.67 price. 2nd: when Resistance 2 is broken (71317.10) Good Luck!!

Umair88 Updated 

2082:ACWA POWER seems to have potential for a long position according to ABCD Pattern BUT once price crosses 'B' level i.e. 493.4 Buy @ 493.4 SL @ 456.2; TP @ 567.8 Risk/Reward: 1:2 Good Luck!!

Umair88 Updated 

Probability of the end of downtrend as formation of ABCD Pattern is completed. Price may get range-bound or an uptrend can begin. Watch out closely. Next week will clear the scenario.

Umair88 Updated 

ALASEEL created a HH,HL formation Entry is triggered at 5.19 as morning star candlestick pattern is formed at HL and trend line is respected Long Position can be taken with: SL = 4.99 ; TP = 5.78 Risk/Reward = 1:3 Good Luck!!

Umair88 Updated 

MIS created a HH,HL formation Entry is triggered at 164.8 as bullish candle is formed at HL Long Position can be taken with SL = 158.4 ; TP = 178 (ATH) Risk/Reward: 1:2 Good Luck!!