awais1989

awais1989 Updated 

Bitcoin price is clearly in a symmetrical triangle pattern which is nearing its end so expect a big move soon. It is likely to continue in the predicted channels within the triangle and break upwards to a fibonacci extension of 1.618 at 53K. Resistance likely at 0.5 Fib (37300) and 0.618 Fib (39000) before continuing the march to victory However If price breaks...

awais1989

USDJPY in downtrend channel. Has just hit resistance at 104.45 and rejected it, ideal opportunity to take a sell trade. Great potential RR of 7.36

awais1989

Upward reversal expected to stay within the trend channel. 1:3 RR

awais1989

sell audusd potential 1:5 risk to reward. target1 0.7345 target2 0.7286 target3 0.7243

awais1989

trendline upward movement imminent, over 1:2 risk reward ratio on 4hr chart

awais1989

With a 1:3 risk reward potential this is a trade worth taking. Trend shows a downtrend is imminent as it is now at the top of the trend

awais1989

trendline suggests that usdchf is going to move upwards as it is at the bottom of the trend currently. supertrend also confirms that the trend is now upwards. Further confirmation would be break of psar and price action on upper half of the bollinger band

awais1989

EURGBP is bouncing at the top of major resistance trend line. The long wick inverse hammer touching top of line is indicative of ideal reversal from this point. Very small risk with huge potential reward

awais1989

AUDJPY is currently forming an overall long term pole and bull flag, pattern it is likely to break upwards in a pattern continuation at some point, however it is also in a downward channel trend (the flag). The price action could go either way. It could form a continuation upwards by breaking the flag pattern OR it could continue to form the flag for now. However...

awais1989

EURUSD is in a clear long term downtrend on this 4hr chart analysis. Seems to be a minor pullback now which is a great opportunity to get in. risk reward is almost 2:3 at the moment but strong downtrend to the bottom of the channel. My opinion, DYOR. PS: Red horizontal lines a long term major support and resistance lines. They can also be used for TP or SL...

awais1989

EURGBP is trending within a channel in an overall downtrend. Price is currently near the top of channel and based on long term trend is very likely to drop to continue the downtrend. To me this looks like a good opportunity to short EURGBP with a very reasonable 1:3 risk-reward ratio... Feel free to comment with your thoughts

awais1989 Updated 

My first publication, fairly new trader so all comments are appreciated and will hopefully help me improve. Please point out any mistakes you think I have made. Support at 0.5p has been good which was the last Primary bid placing level and near the 200dma, price has been moving sideways along that level for some time. Resistance and targets at around 0.7p, 0.8 and...