sharaafatm

sharaafatm

EURCHF has broken through previously strong support zone and supportive trendline. At present, EURCHF appears to be retesting these key zones, presenting an opportunity for bears to short the pair upon successful rejection of the key zones. A stop loss can be placed a few pips above the previous supportive trendline and support zone. Be sure to follow me for more...

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AUDCAD appears to be forming an ascending triangle on the 4H timeframe, indicating that there may be further upside potential for the pair. Bulls should ideally wait for a break and retest of the resistance zone of the ascending triangle before looking to go long, as this presents a safer, more conservative approach. Furthermore, AUDCAD has been following along a...

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NASDAQ is rapidly approaching a resistance zone, presenting an opportunity to open a position. A break and retest of the resistance zone presents a good opportunity to go long, while a rejection at the resistance zone could see NASDAQ falling further down to, at minimum, the supportive trendline. Wait for the market to move and give a valid entry, do not enter...

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Bears can short NZDUSD now at market execution, placing a stop-loss a few pips above the resistance zone, with a target a few pips above the support zone. This gives a fair risk to reward ratio and a decent probability setup. Only short this pair if the trade setup satisfies your strategy. Do not trade based on your (or anyone's) predictions, but rather wait...

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NASDAQ is approaching a very strong supportive trendline and is also following along a counter-trendline. Bulls can monitor NASDAQ closely, waiting for a bounce from the supportive trendline and/or a break of the counter-trendline to go long, aiming for the 10620 price zone. Be cautious and use proper risk management as volatility is high. Be sure to follow me...

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CHFJPY had a fake breakout of the resistance zone and is now back below the resistance zone, presenting an opportunity to go short on the pair. However, bears should be aware of the supportive trendline that CHFJPY is following along. The safest approach to this short would be to wait for a break of the supportive trendline to go short, with a stop loss a few pips...

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AUDCHF has broken out of a triangle (bullish) and is not retesting the resistive trendline of the triangle. Furthermore, AUDCHF is on the supportive trendline of the triangle, which is still holding valid right now. Bulls can look to go long on this pair, placing a stop loss a few pips below the supportive trendline, and the first target around 0.66300, with an...

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AUDCAD has broken through a previous resistance zone and is now retesting the resistance zone (see my previous idea on AUDCAD). The pair is also following along a supportive trendline, indicating further upside potential. Bulls can look to go long on AUDCAD and place a stop loss a few pips below the supportive trendline. However, a break of the supportive...

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AUDCAD is forming an ascending triangle within a larger timeframe bullish rectangle, indicating a possibility of a bullish move. Also, there is a supportive trendline driving price into the resistance zone. However, since price is still within a rectangle, bulls should wait for a break and retest of the resistance zone before going long as AUDCAD could head...

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EURGBP is close to a strong supportive trendline (forming on a daily uptrend), as well as a key level now acting as minor support. This presents a good opportunity for bullish upside. A stop loss can be placed a few pips below the supportive trendline and a target at the previous swing high. Bulls must be conservative in their entry and use proper risk management...

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USDCAD has touched a supportive trendline, indicating potential for a long position. Bulls can go long on the pair now with a first target at 1.37300, and a stop loss a few pips below the supportive trendline and previous low. This gives a great risk to reward ratio of 1:3! A break below the supportive trendline makes this idea invalid and we will need to reassess...

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Previously we were interested in shorting USDZAR. The take profit was hit on the USDZAR Short (2.78%) and now we will wait for another opportunity to present itself. USDZAR is rapidly approaching a supportive trendline, presenting a opportunity to go long at the trendline. However, traders should also be aware that USDZAR is also following along a resistive...

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NZDCAD has broken through a very strong resistance zone with a powerful impulsive move. From here we can wait for a retracement (or possibly a retest of the broken resistance zone) before looking to go long. Additionally, NZDCAD is still following along a supportive trendline, and a touch on this trendline would also present a good opportunity to go long. A stop...

sharaafatm Updated 

USDZAR is currently trading upwards towards a strong resistive trendline and a resistance zone. Once price reaches the resistive trendline and the resistance zone, bears can look to go short if price action presents a good opportunity. A stop loss would be placed a few pips above the resistance zone, and the ultimate target near the supportive trendline. This...

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GBPJPY was held up nicely by the support zone and the supportive trendline, and managed to break the counter-trendline. GBPJPY has retested the broken counter-trendline and price action is still giving bullish signs. Bulls can go long after price pushes past the previous high on a hour timeframe. Use proper risk management and manage your trade well. Be sure to...

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The support zone and supportive trendline have successfully held EURCHF up. Now, bulls can look to go long on this pair with a target as plotted on the chart (minor supply zone) and a stop-loss below the support zone and supportive trendline. This is a short-term trade as EURCHF is currently ranging. Be sure to follow me for more ideas and analyses. Feel free to...

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CHFJPY reached our target at the resistance zone. Traders who viewed my previous idea on CHFJPY may have taken long positions and profited from it (see my idea below). Now that CHFJPY has reached the resistance zone, we can closely monitor price around the zone to look for our next opportunity. Price is currently moving along a supportive trendline, which could...

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AUDUSD has broken out of a long-term supportive trendline, indicating bearish pressure is soon to follow. However, the pair seems to be consolidating outside of the supportive trendline. As of now, the pair is currently at a resistive trendline. Bears can short the pair now, with a stop-loss a few pips above the resistive trendline, and a first target at the...