mshamjad

mshamjad

Weekly trend line comes in play, aswell as 38% fib from the downmove since september 2014.

mshamjad

Selling once neckline is broken.

mshamjad

Broke the longterm uptrend and now a Head and shoulder pattern emerging. If neck line breaks, target is 7535.

mshamjad

Broke the uptrend,

mshamjad

Oil to 36/37 to hit the long term trend

mshamjad

Head and shoulder pattern seen.

mshamjad

Price couldn't break above 38% retracement. Couldn't stay above long term down trend. Short term uptrend also broken. NZD was the only currency gaining strength in feb while everything else was falling. I expect usd uptrend to continue and NZD to start going down.. I think we might get there before we think.

mshamjad

Curious case of $EURGBP - Update 5 As you might know, I have been following this pair for last couple of weeks. Last friday I took two trades based on the following.. 1. Remember, our large big trend is still down, untill unless we break the 50% retracement from last years fall. This 50% came around 78.70 area. Price tried to go past it but couldn't. 2. We...

mshamjad

Sell if the neck line breaks..

mshamjad

$UK100 or FTSE100 is retracing back to the trend line. This is an aggressive market, and I would like to take a sell only at 61% fib at 6108, which also co-incides with trendline. With a very tight stop loss.

mshamjad

Copper and gold miner Freeport-McMoRan Inc. (NYSE: FCX) announced Monday morning that it had agreed to sell a 13% ownership stake in its Morenci mine for $1 billion to its joint-venture partner in the Arizona mine, Japan-based Sumitomo. The transaction is expected to close in mid-2016. subject to regulatory approval and other customary closing...

mshamjad

Beautiful Head and Shoulder pattern on Daily chart. Broken the neck line, and shorts taken at 3743 , target 2850/2900. stops should be above 1.40 , but I will be a bit more conservative then that. Good luck.

mshamjad

All the money we paid to apple over the years, perhaps time is coming to get some of it back.. After breaking major head and shoulder neck, this is I am expecting to see.. sell order at 104 , initial target 75, if that plays out add to the short around 90 again targetting 55 ..

mshamjad

Expecting a break of the trendline. Price formed double bottom at 61% fib .. stops below that.

mshamjad

Looking at the short term $ger30 chart I see a push up towards 9525 area where the new trenline comes in play with 38% fib level for recent moves. As we all know prices don't always go down in straight line. It usually retraces 38% or 50% before continuing towards dominant trend. I have a sell order at 9520 trying to catch this move. Good luck trading.

mshamjad

$GBPNZD beautiful technical buy setup !! Very simple.. we see the price formed a double bottom on 61% fib line . Now if we break this channel, I am expecting this pair to move to previous high and beyond !! Either buy on the break or buy at the re-test..

mshamjad

What's next for $GBPUSD ? 1.50 next ? Looking at the weekly chart its evident that $GBPUSD is retracing from it's recent lows. Is this a change of trend or is this just a retracement ? Answer is we don't know.. We can look to find the sweet spots where we think it might turn if the trend continues down. Or if USD has a blow out we will see the major trend line...

mshamjad

Potential trade setup for $USDJPY . We had a big blow out last couple of weeks. The evidence is more and more that Stock market might be entering a bear market. Which will make $USDJPY go lower. The risk is BOJ intervention. Looking at the technical, this is what I see. We broke through a Major level Head and Shoulder pattern around 116 . Now I am expecting to...