aslamhammad

aslamhammad

It looks like bull flag formed, awaiting to break above first 1.1000, looking for a first resistance around 1.1050, than around 1.1178.....If it breaks above 1.1200, can go even upto 1.1383, so have to wait for the break of the bull flag. Buy @ 1.1000 SL @ 1.0800 TP @ 1.1200

aslamhammad

Well we're currently trading inside a bear squeeze or bear flag structure...Eventually it's going to break.... Sell @ 1.4070 TP @ 1.3750 SL @ 1.4270

aslamhammad

Currently price is still stuck inside this elliot wave triangle......Have to wait to see what happens during ecb interest rate decision....If they cut rates....This price would go down, But if there is no interest rate cut or bearish tone, than in that case we would need to have a break above 1.0640-1.0650 area....In order to see a retracement upto 1.0770.

aslamhammad

Structure in h1 indicates price earlier formed a bull flag+bullish butterfly pattern.....So, a break below 1.3309 is currently looking difficult.....Price is still technically trading inside this zone.....Either it may act like a bull trap, but this is current range......To avoid the noise....Place a pending near 1.3435 (previous month's high), we need a break...

aslamhammad

Well currently near 61.8 Ratio area==golden area to short+RSI==overbought.....Could see a reversal back to 1.0970 area....If it bounces back down for a third time==triple bottom or inverted head & shoulder pattern.....Can try to buy it again later.....But currently it has to form the right shoulder :p......Current structure looks incomplete :p

aslamhammad

Well it looks like a bull flag.....If it is than look to buy above the flag.... Buy @ 186 TP @ 188 SL @ 184

aslamhammad

Mixed signal at the moment.... Currently looks like a head & shoulder formation....If it is than: Primary sell location is below 0.7154 TP of it would be 0.7070 If price somehow Engulfs above the head or 0.7300, than good to go long upto 0.7370

aslamhammad

Looks like price is awaiting a breakout above 123-124Yen, price can go upto 132Yen-135Yen for 1$ by end of 2017.

aslamhammad

Looks long to me upto 1.4000, if we got that December Rate hike.....Second One could be in March, or end of year of 2017....

aslamhammad

In the monthly chart i think, price formed a elliot wave triangle......Currently trading inside a bear flag structure....2 breaks are possible in this structure.....First one is around 1.4969.......from where price can decline back to previous low 1.4565......With Fed rate hike inbound in December.....That would be the first test.....I think the next target is...

aslamhammad

Well it's possible that price may go upto 1.1680 if Fed hiked interest rate upto 0.25 basis points....Current rate is 0.25%, so if they hike it, upto 0.50%....than it is possible to an initial spike to 1.0588.....It may find more buyers later above 1.0600, level, and eventually can goto 1.1600 by end of 2017....As there maybe later another rate hike in March...

aslamhammad

Well it looks like price has been stuck in a elliot wave triangle earlier, than formed into a bear flag....Currently, heading south in December....I think if ECB cut interest rate like 0.10 basis point or 0.20 basis points....It's possible to see 500pip -1000pip drop down to 0.9600 level.....As Fed Reserve bank of U.S.A also plans to hike interest rate......So,...

aslamhammad

I spot a inverted head & shoulder==go long baby yeah :p

aslamhammad

Overbought around 1.0260 Short @ 1.0260 SL @ 1.0360 TP @ 1.0100

aslamhammad

Oversold+ near the buy zone @ 23.6 fib ratio+above the falling wedge channel Buy @ 2.0845 SL @ 2.0645 TP 1 @ 2.0942 TP 2 @ 2.0992 TP 3 @ 2.1055 (overbought)

aslamhammad

Well it looks like bear flag formation monthly chart.... First support in it is around 1045 area... Next month candle opens in December....If fed hikes rate even 0.10%, Gold in that case can drop upto 977$. Later there maybe also a second rate hike by U.S Fed Reserve Bank after the first one that's expected next month in December. Next buying opportunity would...

aslamhammad

Well currently Price is looking oversold....At the same time it looks like a short breakout area 186.50.... Short @ 186.50 SL @ 187.50 TP 1 @ 186.05 (possible in the short term according to h4) TP 2 @ 185.32 (possible if price closes below 186Yen first) TP 3 @ 184.30 (possible if price closes below 185Yen)

aslamhammad

Price is still in an uptrend... Buy @ 2.0270 SL @ 2.0070 TP @ 2.0470