UsmanFarouk

UsmanFarouk

EURNOK was observed to be undergoing corrective move during downtrend on 1H timeframe. However it has been noticed to retrace from 38.2%fib and is likely to continue impulse move of downtrend. No divergence on RSI has been observed. An instant sell order has been placed on retracement from 38.2%fib ; SL and TP have been proportionately marked on chart.

UsmanFarouk

USDJPY is presently in uptrend as it is printing HHs and HLs. A rising channel is evident on 1H chart. No divergence on RSI has been found. Therefore a long entry through instant buy has been placed with proportionate SL and TP.

UsmanFarouk

EURCAD is presently in downtrend, printing LHs and LLs. However a bullish divergence has been notices on RSI on 1H timeframe alongwith a rising wedge bullish reversal pattern. Entry has been placed above upward break of wedge and previous LH. Suitable SL and TP have been marked on chart.

UsmanFarouk

USDCHF is presently in uptrend, printing HHs and HLs. However, a bearish divergence has been observed on RSI on 1H timeframe alongwith an Ascending Wedge (Bearish) Reversal pattern. Entry has been place on downward break of wedge and previous HL. SL and TP has been suitably placed.

UsmanFarouk

EURUSD is presently in downtrend and printing LHs and LLs. However, a bullish divergence has been noticed on RSI on 1H timeframe along with a falling wedge Bullish reversal pattern. Accordingly, an Buy Stop long entry has been marked on chart with suitable SL and TP. Entry shall only be made once previous LH is broken towards the upside.

UsmanFarouk

XAUUSD was previously in downtrend, printing LHs and LLs. However a bullish divergence has been observed on RSI on 1H timeframe. On further observation, a falling wedge bullish reversal pattern was also seen forming confirming our bullish bias. Entry has been confirmed by upward breakout of the pattern; long entry is placed upon breakout of previous LH through a...

UsmanFarouk

GBPUSD is presently in downtrend as it is printing LHs and LLs. NO divergence is visible on RSI on 1H timeframe. Moreover, it has formed a bearish flag (continuition pattern) on same time frame. The downtrend is likely to continue, therefore a short entry through Sell Stop has been set upon downward break of flag-pole on chart with suitable SL and TP.

UsmanFarouk

USDCAD is making bullish AB=CD pattern, PRZ has been marked on chart. Instant sell has been placed after formation of Shooting Star Candlestick pattern with suitable SL and TP1 and TP2. Long Entry shall only be triggered upon reversal from PRZ and upward breaking of point B. In that case, SL shall be below point D.

UsmanFarouk

GBPJPY is in process of making a Bearish Gartley Pattern. PRZ has been identified at Fib 0.786 approx. Accordingly a long entry has been placed on upward break of point B with suitable TP and SL. A short entry shall be initiated upon completion of swing in PRZ and after obtaining confluence through RSI-divergence, candlestick pattern or resistance zone.

UsmanFarouk

GBPUSD is in process of completing a Bullish AB=CD pattern. PRZ has been projected on Fib 1.27 approx and marked on chart. Short entry through Sell stop has been marked on chart with suitable TP and SL. Upon reversal from PRZ, a long entry shall be placed through Buy Stop upon upward break of point B and obtaining confluence through RSI divergence, candlestick...

UsmanFarouk

OGDC:PSX is in process of making potential Bearish Harmonic Reversal pattern. PRZ (Point D) has been initially foretasted at fib 0.886 but may extend further upto 1.618. A short entry is planned below point B through a sellstop order with SL above point C. At PRZ (point D), upon confirmation of bullish reversal through divergence on RSI, a long entry through...

UsmanFarouk

SYS:PSX on 1H timeframe is in process for making a potential AB=CD pattern. No divergence presently exists. Therefore Long Order 1 (Buy Stop) has been placed above point B with SL set below point C. TP1 and TP2 have been set for Long Order 1. PRZ has been projected at potential point D however confirmation and Short Entry shall only be made if Bearish Divergence...

UsmanFarouk

FABL:PSX is presently in uptrend as it is printing HHs and HLs. The price pattern has recently formed a Bullish Flag continuation pattern on 1H timeframe. Entry (Buy Stop) has been planned on breakout above the Flag-pole with SL placed below previous HL. Projected Price Potential, TP1 and TP2 have been suitable placed. RSI has shown no divergence therefore it is...

UsmanFarouk

AUDUSD is presently printing LHs and LLs and has recently formed a bearish flag continuation pattern. Sell Stop order has been placed on downward breakout of Flag-pole. SL has been placed above previous LH. Projected Price Potential, TP1 and TP2 have been suitably marked on chart. No divergence on RSI has been observed confirming continuation of downtrend.

UsmanFarouk

EURUSD is presently printing LHs and LLs and has formed Descending Triangle during downtrend on 1H timeframe. Entry (Sell Stop) has been placed on downward breakout of the triangle whereas SL has been placed above previous LH. TP1 and TP2 have been proportionately set. No divergence on RSI was exhibited therefore it can be safely assumed that downtrend is likely...

UsmanFarouk

Upon analysis of EURAUD on 1H timeframe, price was printing HHs and HLs and ended in forming a symmetrical triangle. RSI shows no divergence. Therefore, both buystop and sell stop entries have been marked upon breakout of symmetrical triangle. SLs have been placed at previous swing high and low respectively.

UsmanFarouk

Only Daily timeframe, formation of Bullish Harami at 38.2% Fib shows end of corrective move and resumption of uptrend of PPL. A Bullish Flag (Continuation Pattern) has also been formed highlighting confluence indicating an uptrend. Trade plan including Entry, SL, TP1 and TP2 have been marked on chart.

UsmanFarouk

EURJPY is expected to start a downtrend as a bearish divergence has been observed on 1H timeframe, marked on RSI. Subsequently, the chart has started printing a rising wedge pattern, downward breakdown of which is likely to initiate the downtrend. Levels (Entry, SL, TP1 and TP2) have been marked on the chart for making a short entry in EURJPY.