UsmanFarouk

UsmanFarouk

NAS100 is presently in downtrend on 1H timeframe. The index has made a bearish pennant continuation pattern. Accordingly, a short entry is planned on downward breakout of the pole; downward price potential has also been marked on chart. Proportionate SL, TP1 and TP2 have been placed.

UsmanFarouk

USDCAD has formed a rising wedge reversal pattern alongwith Bearish divergence on RSI on 1H timeframe. Accordingly, a short entry has been planned on break of previous LH. Proportionate SL and TP have been marked on chart.

UsmanFarouk

NZDJPY was in downtrend however it has recently made a double bottom reversal pattern on 1H timeframe. The pair has also shown bullish divergence on RSI, confirming our bias. Therefore a long entry with proportionate SL and TP have been marked on chart. It is also apt to mention that TP falls within a key resistance zone indicating the need for quick execution to...

UsmanFarouk

OGDC is in bearish parallel channel and has made a beaarish flag pattern at the top of the downward channel. Short Entry has been placed on break of Flag Pole with suitable SL and TP1 and TP2.

UsmanFarouk

PPL:PSX was in uptrend as it was printing HHs and HLs. However, on 1D RSI it has been observed to make a bearish divergence along with a Bearish ABCD pattern on price chart. Volume chart also shows divergence with respect to price chart. Present price is falling within the Potential Reversal Zone (PRZ). A short Entry has been set at downward break of point B, with...

UsmanFarouk

UNITY:PSX is presently observed to be in uptrend, printing HHs and HLs on 1D timeframe. However, it is observed to have formed a Bearish divergence on RSI alongwith forming a Symmetrical Triangle. Generally, Symmetrical Triangle is considered a continuition pattern and indicates continuation of the prevailing trend however, when read in conjunction with a Bearish...

UsmanFarouk

SEARLE:PSX is observed to be in downtrend on 1D timeframe. However, a bullish divergence has been observed on RSI in conjunction with a double bottom bullish reversal pattern. Entry has been marked on chart on break above previous LH of 46.70. SL and TP have been suitably marked on chart for long position.

UsmanFarouk

PTC:PSX was in consolidation since Dec 22. However, it has formed a bullish divergence on 1D timeframe in conjunction with forming a double bottom pattern pattern. On last working that that is 13 Oct 23, it has also made a bullish engulfing candle, triggering our target entry levels. SL and TP have been marked on chart. This analysis also holds confluence with 1W...

UsmanFarouk

AVN:PXS is presently in downtrend, printing LHs and LLs however on 31 Aug 23, it failed to establish a new LL are started consolidation. Bullish divergence on RSI is also observed on 1D as well as 1W timeframes establishing a confluence on a likely bullish reversal upon breaking above the previous H as marked on chart. Suitably, SL and TP have been marked on chart...

UsmanFarouk

SHEL:PSX was in short term uptrend as it printed few HHs and HLs however, on daily timeframe it has shown bearish divergence on RSI. It is also at a key resistance level right now and is most likely be prevented from further upside due to the existing resistance level (as marked) as well as the divergence on RSI. Short entry has been placed on downward break of...

UsmanFarouk

EURUSD is presently in downtrend as it has been printing LHs and LLs on 1H timeframe. However a bullish divergence has been observed on RSI on the same timeframe, as marked on the chart. Therefore, it is expected that the trend is likely to reverse now. Furthermore, approx 89% of the market has bullish sentiments on the currency pair as of right now.Accordingly, a...

UsmanFarouk

BNBUSDT is presently in downtrend as it is printing LHs and LLs on 1D timeframe. However, bullish divergence has been observed on RSI on same timeframe and it is also noticed that the coin has been unable to break its last LL as of today. Both the conditions are indicating towards a possible bullish reversal. Therefore a long entry upon break of price above...

UsmanFarouk

AIRLINK:PSX is presently in downtrend on 1D timeframe as it has been printing LHs and LLs. NO divergence has been observed on RSI. Presently, last daily candle is being seen retracing from 61.8% fib at the end of corrective move and is likely to continue its impulse move from this point onwards till our marked targets. Therefore, an instant short position has been...

UsmanFarouk

CNERGY:PSX is presently in downtrend in 1D timeframe. However a bullish divergence on RSI indicates an end of existing trend and a likely bullish reversal. Long entry through buy stop has been marked above previous swing high. SL has been suitably placed below last LH. TP has been set @ 1:1 RRR.

UsmanFarouk

MLCF:PSX was analysed on 1D time frame and has been observed to print LHs and LLs. Simultaneously, bearish divergence is also evident on RSI. Therefore a short entry through a Sell Stop order has been on price breaking down below that last LL. SL has been placed above 61.8% fib level of swing as it hasn't completed forming the new LH. It may be adjusted in coming...

UsmanFarouk

USDSEK is moving sideways on 1H time frame and bearish divergence has been observed on RSI. Upon further scrutiny, a rising wedge reversal pattern is observed. A short entry is planned on break of last swing low and downward breakout of the wedge pattern. SL and TP have been set accordingly.

UsmanFarouk

GBPUSD is presently observered to be range bound on 1H timeframe. However, a slight bullish divergence has been noticed on RSI indicating a likely upward breakout. Betting on the bullish reversal, an entry has been planned on breakout of R2 whereas SL has been placed below S1. TP has been suitably placed on 1:1 RRR.

UsmanFarouk

NZDCAD has been observed to show Bullish divergence on 1H timeframe alongwith a Bullish Reversal pattern (Falling Wedge). Accordingly, Entry through a Buy Stop order has been placed upon: 1. Upward Breakout of Wedge 2. Upward Breakout of H of Wedge. SL and TP have been suitably placed.