TaherJalili

TaherJalili Nov 27, 2020

This market is in a solid trend higher, however price has been unable to break through the daily resistance. This could change in the coming sessions. Price has been building bullish momentum and has now formed a daily chart inside bar just below this resistance. If price can break this level in the coming sessions we can start to look for long breakout trades.

TaherJalili Nov 26, 2020

This is a market we have discussed quite a bit in recent times. As the daily chart shows, price is now making a fresh test to break higher and out of the resistance level. Whilst price recently formed a large bearish false break signal at this level, we did not see a large sell off. Price has steadily built momentum and is looking to break out higher. If we...

TaherJalili Nov 26, 2020

In the last ten or so sessions, this pair has been trading within a tight sideways box pattern. Whilst I will be overall looking for the box pattern lows and support level to give way, the best trade may come if price pops higher. If we can see a move back into the box resistance level, then we could look to make short trades and then for an eventual breakout...

TaherJalili Nov 26, 2020

Price has now formed an inside bar on the daily chart of this pair. As the daily chart shows, this inside bar has a lower wick that is rejecting the recent price flip support level. Where price breaks from this inside bar looks key in this pair. If we can get a break of the inside bars highs, then we can look for an extrened leg higher.

TaherJalili Nov 26, 2020

Price on the daily chart of this pair is in a strong trend higher. As the daily chart shows, since the end of September price has been making a strong move higher. Looking to trade with this trend higher looks the best play. If price can now rotate lower back into a value area and area of support, then we can start to look for long trades.

TaherJalili Nov 25, 2020

Whilst not a market we normally look at or discuss too much, the price action is quite interesting and definitely worth following in this market. Price is now testing the major daily chart support level. What is interesting to note about this level is that whilst it has held strongly on the previous attempts to break it, with the most recent attempt price formed...

TaherJalili Nov 25, 2020

Price is now moving higher on this pair looking to test the major daily chart resistance. Whilst we have been getting a lot of breakout movements in recent sessions, I will be watching for this level to hold and for potential short trades back lower. If we can see some solid bearish price action either on the daily or smaller intraday time frames, then we could...

TaherJalili Nov 25, 2020

Price in a solid downtrend in this pair. As the daily chart shows, in recent times we have a series of lower lows and lower highs with a textbook trend lower. Looking to trade inline with this trend looks the best play until it beds (reverses). If price can rotate back higher into the overhead price flip resistance level, then we can start to look for new short...

TaherJalili Nov 25, 2020

Price action on the daily chart of the EURJPY is now moving higher and into the major range resistance level. As we have previously discussed; there is a pretty clear-cut range in play in this pair. As long as the range low and high, support and resistance continue to hold we can keep looking to trade both sides of the market. If price pushes higher into the...

TaherJalili Nov 24, 2020

Similar to the GBPCHF already discussed, this pair looks like it could be building for a breakout higher in the coming sessions. Whilst the major resistance level that price is about to move into test has been a key level, price has been building bullish momentum. If this level can be broken in the next few sessions, then we can start to look for long breakout trades.

TaherJalili Nov 24, 2020

Whilst overall this pair is stuck in a sideways move, we have seen some solid moves lower. These moves lower however are being halted at the moment by the minor support level. This level is holding price and until we see a break it looks a tricky market to navigate. The best play in this market unless already in trading positions could be to wait to see if this...

TaherJalili Nov 24, 2020

In what has been an incredibly sideways market, price could be building momentum and looking to break higher. As the daily chart shows, whilst price has rejected the range resistance level, the rejection has been minor. If price can now build on this momentum we can start to look for breakouts higher and for this congestion to break.

TaherJalili Nov 24, 2020

Price on this pair is now running higher and looking to once again make an attempt at the daily chart resistance level. As the daily chart shows, this level has been a major level this year and has held as a strong level at the previous four attempts to move out higher. Whilst price in recent times sold away and rejected this level, it could only move back into...

TaherJalili Nov 23, 2020

Price in this market is trading in a very tight consolidation box pattern. This is best shown on the daily chart. The high of this box is also the major daily chart resistance level and a level that has been holding as a key resistance level all year. If we can see price break this level in the coming sessions, then we can start to look for long breakout trades...

TaherJalili Nov 23, 2020

This pair is sitting right on top of a major daily chart support level. As the daily chart shows, price in recent times has rejected this level twice with strong moves back higher. The first time we saw price form an engulfing bar and move higher and recently and inside bar with another strong move higher. So far we have not seen the same rejection of this...

TaherJalili Nov 23, 2020

Price has been slowly grinding it's way lower on this pair. As the daily chart shows, whilst there has been a steady decline and move lower, there has not been a textbook trend. We have not seen a series of lower highs or lower lows consistently forming. Price is now looking to break lower and move into the major support level. If the overhead price flip...

TaherJalili Nov 23, 2020

Price on this pair has now formed a daily chart inside bar. This inside bar is inline with the recent price action story with price stuck contained within a sideways box in the last two weeks of trade. Overall price is also stuck within a large range trading pattern. Very aggressive traders could be watching for this inside bar and overhead resistance to...

TaherJalili Nov 22, 2020

What Is the Pattern of a Parabolic Curve ? The Parabolic Curve pattern is a curved line pattern that is formed by following a candlestick formation when prices rise or decline rapidly. Visually, the curved line pattern follows the correction points. The lay language, when the price forms a pattern like a staircase, the curved line follows the base on the...