ifanwar

ifanwar

AUDNZD pair is trading in a well formed bearish channel making lower highs and lower lows on daily and 4 hourly charts. On daily chart it closed with a bullish hammer near a strong weekly support line S1 on last trading day. Moreover it is in lower portion of channel. It is expected to retrace from here or from a nearby monthly resistance line S2 right on the...

ifanwar

AUDCHF pair is making Head and shoulder pattern after making two higher highs on daily chart. This in my view is a bearish sign. My Entry point is at current level with a stop loss at 0.68000. Target is the projection of Head size. SELL is the call.

ifanwar

After a long bullish trend GBPJPY went into a horizontal continuation pattern almost 3 months long. It broke the rectangle upwards showing a continuation of bullish trend. It went up almost exactly according to projection of horizontal box making the higher high. From there it took a dip to 0.618 FIB level taking support at monthly level S2. Now it is trading...

ifanwar Updated 

USDCAD is showing a bearish trend on daily chart. After making a higher high on 20th August it made a lower high in one month time. Subsequently it made a lower low. The current peak 3 working days ago by a retracement to 0.5 FIB level may well be another lower high. DOW bearish seems to be in action. I am taking entry at current level after watching a daily...

ifanwar Updated 

EURAUD is in bearish trend on daily chart. After a 22 days almost free fall it retraced above a strong weekly resistance R1 which coincides with 0.236 FIB level. It failed to sustain and closed below that level in 3 days. My Entry is at current level and target TP1 is just above weekly support S1. ABCD chart pattern gives me my second target TP2 just above monthly...

ifanwar

The pair is trading in an upward channel on daily charts. A couple of higher highs and higher lows telling the story of bulls taking control. My entry is above S1 daily support. Stop loss is placed near next daily support S2. Target is left open eyeing another higher high on daily charts.

ifanwar

Continuation within a bearish channel intact in EURUSD. I took entry with a SELL stance at current level with an open target. Stop loss is at R1. Earlier I entered with a buy call hoping for a retracement but my stop loss was hit. Entry seems to be a bit risky at this point as some retracement is due but lets see. Let us follow the DOW theory.

ifanwar Updated 

AUDJPY pair is ascending in a bullish channel on daily chart. After making higher high it bounced back from resistance R3 to take support on S1. Closing above S1 which is also 0.382 FIB level on daily chart makes a strong case for an upward rally to a new higher high. My TP1 and TP2 are on monthly resistances. TP3 is another potential target applying ABCD...

ifanwar Updated 

AUDJPY is currently following a bearish trend with consecutive lower highs and lower lows in a narrow channel. I recommend SELL near R1. My first entry point is going to be at 83.260 just below R1. Second entry will be at 0.382 Fib level if it retraced to that level. I will recommend a stop loss at R2 83.500.

ifanwar Updated 

After a significant bearish phase the pair has now entered a definite bullish phase making clear higher highs and higher lows. It is moving upwards in a narrow channel and right now it has broken R1 (daily resistance) and trading above it. My call is BUY at current rate with stop loss at weekly support at S1. My target is below R2 (daily resistance). Entry:...

ifanwar

EURUSD is travelling in a bearish channel. Right now it has touched the bottom of channel where I see an opportunity to BUY the pair for short term expecting a rebound from here. Stop loss is at weekly support S1. Target1 is at weekly resistance R1 and Target2 is at 0.236 Fib level.

ifanwar

This pair is making quite a few lower highs and lower lows after bearish reversal from a pretty long bullish phase. Following an almost parallel upper and lower trend lines on 4 hourly chart, it is in the upper half of the channel. My call is sell on current levels with a stop loss at 92.200 which is the previous lower high. My target is 90.150 just above S2.

ifanwar Updated 

EURUSD pair making lower highs and lower lows on daily chart. According to Dows theory this makes it a SELL. The pair is moving within trend line.

ifanwar Updated 

The pair breaking its bearish channel downwards at weekend and making a hanging man candle pattern on 4 hourly chart on Friday at closing makes my view even more bearish in this pair. SELL is my call.

ifanwar Updated 

After a significant spell of bearish trend the TREND LINE is finally broken quite convincingly. After a quick upbeat it is now going sideways playing around first support S1. I am waiting for a clean hourly closing above first resistance R1 with a new higher high which will be a smarter point of LONG entry.

ifanwar Updated 

Rush of blood led to my premature entry into CADCHF pair with a SELL stance. Entry should have been at current levels. However it is showing a good picture of reversal of bullish into bearish trend. Right now I am in loss in this trade but I am confident that it will continue its bearish trend and my loss will be converted into profit soon. Entry: 0.73701. Stop...

ifanwar Updated 

Important support broken on hourly closing makes GBPUSD bearish to me. The idea gets a strong support by witnessing lower highs and lower lows on both 4 hourly and daily charts. I am in with a SELL.

ifanwar Updated 

Breaking the trend downwards makes the pair more bearish. A long series of lower highs and lower lows. Entry: 1.24205 Stop loss: 1.24670