masood_bakhtyar

masood_bakhtyar

EURUSD 4hrs/Daily Short Opportunity EURUSD has been testing the Resitance of Weekly channel and seems to be forming a triangle now with possibility of reversal and start of downward move within the weekly channel. Divergence clearly visible in the weekly trend. Entry point: 1.23 SL: 1.253 TP1: 1.2165 (above next 4 hours support) TP2: 1.21 (above 4 hours S2) TP3:...

masood_bakhtyar

EURUSD seems to be testing the weekly channel resistance. Possibility of bounce back from the weekly channel resistance, so on lookout for short trade setup in EURUSD

masood_bakhtyar

Buy opportunity seems to be coming up in AUDCHF The channel support was broken but slightly but now prices are back into the channel so potential upward move within the channel is a possibility We are wave C of Z in the daily correction channel Within wave C, it seems like wave 3 of wave 1 of C is almost complete. I would wait for completion of wave 1 and then...

masood_bakhtyar

Buy opportunity seems to be coming up in AUDCHF AUDCHF is currently in correction mode The channel support was broken but slightly but now prices are back into the channel so potential upward move within the channel is a possibility Entry point and confirmation in 4hr and hourly...

masood_bakhtyar

Wave (2) of wave (3) starting; 5 waves in wave (1) of (3) identified with divergence between wave (3) & (5) of (1) of (5) Entry points to be identified in Daily/4 hours chart

masood_bakhtyar

Possibility of upside move resumption in wave (3) of iii of (iii). Wait for break of the triangle formation and prices closing above the triangle and 4 hr bullish candle being formed above the triangle after break of triangular resistance line. Entry point: 1.8 TP1: 1.839 (between 1.618 and 2.618 extension level of wave (3) of iii of (iii) --> 50% position TP2:...

masood_bakhtyar

Triangle formation in progress in GBPAUD in wave ii of wave iii. Once the triangle resistance line is broken it may signal wave iii of iii.

masood_bakhtyar

USDJPY is forming a triangle in Daily chart. The prices are now closer to the bottom of the triangle and may be reversing from here. In 4 hour we can see 5 waves in downward trend finishing with divergence between (iii) & (v). However need to wait for the confirmation of the change in momentum in ward direction before entering Long Entry Point 1: 107.3 Long...

masood_bakhtyar

USDJPY forming a Triangle in Daily; need to be on look out if there is break out in next few weeks... Meanwhile we can look for trading opportunities as price oscillates within the triangle

masood_bakhtyar

EURUSD is testing the weekly channel resistance again. Keep an eye for rebound from ~ 1.245-1.255 range

masood_bakhtyar

In continuation of the weekly analysis for long term Short opportunity in wave (iii) of (iii) of (c) of (b) of (Y). Before that we have a long opportunity in near term (Week 10) in wave (ii) of (iii) Trade: LONG Entry point 1:82.6 above wave (iii) peak of (v) of (i) of (iii) of (c) of (b) of (Y)) Entry Point 2:83.3 above wave (iv) peak of (v) of (i) of (iii) of...

masood_bakhtyar Updated 

Wave v of wave 1 of wave 3 in progress; idea is to wait for retracement in wave 2 of 3 before entering in wave 3 of 3.

masood_bakhtyar

We are in wave (iv) of (c) of (b) of Z. Based on fibanoahi levels wave (iv) should be ending (it is between 0.236 and 0.382 retracement levels of wave (iii)). Wave (v) expected to go to a level between 0.77 (38.2% extension) and 0.766 (61.8% extension of wave (iii). After wave (v) we will see the start of bigger wave (c) of Z. It is preferable not enter for any...

masood_bakhtyar

AUDUSD seems to be in channel in triple correction with wave Z in progress. Within wave Z, wave 'a' is finished and wave 'b' is progress in downward direction to be followed by wave 'c' in upward direction

masood_bakhtyar

Probable Short setup for AUDJPY in Daily Seems to be in wave c of (b) of Y double correction. Within wave c it seems that wave ii has finished and wave iii started