This is a stock that I don’t invest it and won’t as I am not confident it meets Shariah compliance but wanted to share my technical analysis of it for educational purposes. The stock has dropped more than 48% since its previous all-time high in May 2021. The stock has been trending downwards in a channel and has reached an important support level since 2013 at...
The Cable is in an uptrend an there's a potential opportunity taking advantage of the pullback before it continues its Bullish trend. The Pullback is currently forming a potential Double Bottom at an area of Daily support. We also have an RSI being significantly oversold along with an RSI divergence. Targets are set to previous highs. Let me know your thoughts.
Bearish Opportunity on the Loonie with a potential Double top and a decent Risk to Reward ratio of around 1.5 We also have RSI being overbought as well as RSI divergence. Targets based on previous structure looking left. Let me know your thoughts :)
Potential Double top at area of resistence on 4Hr. Awaiting confirmation of doubletop when price breaks neckline. There is also RSI divergence as well. Decent RR ratio of this opportunity.
Bullish trend close to reaching major resistance level on the Weekly Charts with potential Double top on both the Daily and 4Hr Chart which provides us with a nice retracement opportunity off the resistance level with a huge Risk-reward ratio. For this opportunity, given the very deep V on the potential double top in addition to the existence of multiple support...
Price action coming from Bearish trend and bouncing off a very important support level which held 3 times during the past week. If this level is broken to the downside then the Bearish trend is expected to continue pushing price level to the 30s. Hoever, if the level holds and we get a bullish signal, then might be a good area for an outside return to the 32s...
Head & Shoulders pattern forming at a strong resistance area indicating a potential reversal of the Bullish trend for the Cable. RSI overbought 0.87 Risk to reward ratio in order to target previous support level. RR can be slightly improved with more aggressive entry. Let me know your thoughts.
Bearish Opportunity on the 1Hr timeframe as the Kiwi trends above the 0.66 level. We have a potential Double Top at previous resistence with RSI being overbought as well as RSI divergence. We are looking just for an outside return to test previous resistence levels. Let me know your thoughts
Price retracing after a large downward move yesterday. Retracement happening at very important Daily resistance level and also at 0.318 Fib
A potential trend continuation strategy on the Aussie Dollar with decent risk reward ratio. RSI significantly oversold as well and we are just targetting the previous Structure High. Please share your thoughts :)
A decent short opportunity on USDCAD which continues its downtrend on the 4Hr timeframe. The pair just bounced off a strong resistance level with RSI being overbought. We are looking for a retest of the previous structure low with around 1.5 RR ratio. If price moves upwards and crosses 1.3271 then the previous outside return will be violated and the Bearish trend...
Bearish Opportunity DOUBLE-Top at resistance level RSI oversold RSI divergence
The previously posted opportunity on potential double top didn't work out as expected and the cable continued trading upwards after breaking the channel. Now the pair has retraced to retest the channel level at 1.3158. Multiple confluences on this level including the alignment of .5 Fib ratio from the last leg that started on Aug 17th in addition to a .318 Fib...
The GBPJPY is still in an uptrend on the 4Hr timeframe. Falling Flag formation (a sign of trend continuation). Retracement to be appearing on the .618 Fib and a potential double bottom seems to be forming at the level (137.8). RSI extremely oversold with RSI divergence currently forming. Any thoughts here? Thanks.
An interesting short opportunity on GBPUSD with double top forming on 4HR time-frame at a significant area of resistance on the Daily timeframe. We also have RSI significantly overbought, as well as RSI divergence. Huge Risk to reward of 6:1 with very tight stop losses above the double-top. Let me know your thoughts :)
Strong Weekly support at the price level of 104.6 with muliple touches. RSI oversold at this area as well. Potential profit exceeding 300+ pips with a target of around 109 level
A potential Cypher on the NZDUSD 4 Hr timeframe with 2 potential targets
Hello, We have 2 amazing opportunities on the Aussie Dollar 1Hr timeframe. The first on my radar is a short-term upswing move for +30pips. As we can see price showed huge support at the 0.772 level and trended upwards. We have reached a support zone (blue zone) and should expect a reversal to the next red zone. We also have a potential advanced bearish cypher...