wael

wael

US President Obama authorises air strikes in Iraq President Barack Obama said he authorized air strikes against militants in Iraq if they threaten U.S. personnel and dispatched planes to drop food and water for trapped civilians. Obama said the U.S. will strike Islamic State militants if they move toward the Kurdish city of Erbil, where the U.S. has diplomatic...

wael

Rate is expected to remain @ 0.5% = long The Bank of England is expected to keep both its key interest rate and the amount of the bond-purchase program unchanged for another month, and will likely turn into a non-event for the Cable in the absence of surprises. The GBP/USD currently trades at the 1.6840 zone, 0.08% below its opening price, although from a wider...

wael

RSI(14) 52.282 Neutral STOCH(9,6) 48.462 Neutral STOCHRSI(14) 0.000 Oversold MACD(12,26) -1.950 Sell ADX(14) 26.973 Sell Williams %R -81.538 Oversold CCI(14) -295.4955 Oversold ATR(14) 1.6643 Less Volatility Highs/Lows(14) -2.0000 Sell Ultimate Oscillator 39.674 Sell ROC -0.268 Sell Bull/Bear Power(13) -3.5760 Sell

wael

ALSO IN 4HR clear RSI regular bullish divergence

wael

H&S envolving Trend may act as resistance

wael

EUR/USD year end target, 1.3000 - Scotiabank "France is alone among its major euro area peers in maintaining a sub-50 (contractionary) PMI of 47.8, however the mitigation of downside concern is important in an environment of low, disappointing euro area growth. We remain biased to further downside in EUR, with an updated forecast highlighting a year end target of 1.3000."

wael

First of all price may head down to the support level , but if you are aggressive trader just like me enter immediately Reason 1) price right now in support level 2) Hidden bullish RSI divergence (meaning the price will continue on its original trend) although it didn't complete yet 3) Trend uprising Fibonacci from last low-high is measured between 0.618 & 0.786

wael

Trend retracement for a long opportunity .

wael

Regular bullish divergence has completed signalling a trend reversal to the up side Target : last support zone

wael

within this two hours (when the daily candle close ) if failed to break this uptrend on a daily bias's go short heavily

wael

two reasons : First : Price failed so far to break the support daily trend 2nd : A clear Bullish divergence RSI 14 period in the 4 hour chart . Nice chance considering the risk reward ratio 2.40

wael

The uptrend seems to have a breakdown , mean while the Relative Strength Index shows a bearish divergence

wael

my mistake sorry this is the correct idea :

wael

As you can see the Trend is heading down steadily toward the Support level at 0.933

wael

A hummer candlestick pattern is formed yesterday . it may mean a sign for price rallying , specially after Gold heavy losses

wael

nice support level rebound the price targeting the last resistance Stochastic is oversold

wael

targeting strong support

wael

usd long verses jpy