shermzT

shermzT Jan 8

Buyers failed to defend the 2680 level on 13th Dec following a bullish move to the Nov 25th highs. Looking to scalp buys to 2680 level and watch for rejection of this level. Target will be 2582/36 level Stops will be off the highs of the rejection from the 2680 level. (Waiting for formation)

shermzT Nov 3, 2023

On the H4 timeframe, price has broken above upside confirmation level of 1.2280, which could see a throwback to the key support level at 1.2190, which coincides with the 61.8% Fibonacci Retracement. A throwback to this zone could send prices higher towards next key resistance level at 1.2320, which is in line with the 161.8% Fibonacci extension. Price is hovering...

shermzT Oct 26, 2023

On the H4 timeframe, price has recently broken out of an ascending trendline. A pullback to the key resistance level at 1.0600, which coincides with the 38.2% fibonacci retracement, could provide the bearish acceleration towards the next key support level at 1.0450, which is in line with the 141.4% fibonacci extension. Price is hovering below 20 EMA, supporting...

shermzT Oct 13, 2023

On the H4 timeframe, price is exhibiting bullish order flow, forming higher lows and higher highs, which manifested itself as an ascending channel. Price has recently tapped into a key resistance-turned-support level at 1869, which is in line with the 50% fibonacci retracement. A throwback to this level will provide the bullish acceleration towards the next...

shermzT Sep 15, 2023

On the 4H chart, prices are trending down a bearish channel with current prices hovering at the upper channel band at the 161.8% fibonacci level, forming lower highs and lower lows. Downtrend confirmation if prices breaks past the 1916 level as prices ened to turn bearish on the lower time frame to indicate the reversal. The bullion is trading below the ichimoku...

shermzT Sep 8, 2023

On the 4H FX chart, we're witnessing a bearish momentum, characterized by the pair navigating within a descending channel, consistently printing lower peaks and troughs. The presence of a pronounced doji candlestick indicates potential bullish defense at this critical juncture. Consequently, to mitigate risk, we'd position our initial TP just shy of the doji's...

shermzT Aug 31, 2023

On the 4H timeframe, prices are currently trending in a downward channel and the currency is heading to the 50% fibonnaci level. Prices crossing this zone is our downside confirmation, with an expected further descent of the currency to the key support zone at 0.63800. We place our stop loss at the previous support-turned-resistance level, which also coincides...

shermzT Aug 25, 2023

On the H4 timeframe, the pair broke above the upper level of a descending channel, and is encroaching towards the previous high at 146.500. With this break to the upside, price elevation beyond this level would be our upside confirmation to the next high at 148.800. This also coincides with our 27.2% fibonnaci retracement levels. The pair is also above the...

shermzT Aug 18, 2023

On the daily timeframe, the pair is currently trading within a bullish channel, forming higher lows and higher highs. Current price movement is trending towards key support zone at 1.0850, which is also the 61.8% Fibonacci retracement level, and could fuel further bullish positions on the pair if price does not break through the support zone and ascending lower...

shermzT Aug 11, 2023

On the H4 timeframe, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1.3380, which is in line with the 61.8% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1.3580, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above...

shermzT Aug 5, 2023

Price has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 0.6150, which coincides with the 50% fibonacci retracement, could provide the bearish acceleration towards the next support zone at 0.6000, which is in line with the 141.4% fibonacci extension. Price is hovering below ichimoku cloud,...

shermzT Jul 28, 2023

Price has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 141.20, which coincides with the 78.6% fibonacci retracement, could provide the bearish acceleration towards the next support zone at 138.20, which is in line with the 127.2% fibonacci extension. Price is hovering below ichimoku cloud and...

shermzT Jul 21, 2023

Currently, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1955.00, which is in line with the 78.6% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1985.00, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above ichimoku...

shermzT Jul 14, 2023

Price is approaching a key resistance zone at 0.6900. A break above upside confirmation, coupled with a retracement to resistance-turned-support at 0.6700, which coincides with the 61.8% fibonacci retracement, could provide bullish acceleration towards next key support-turned-resistance zone at 0.7000, which is in line with 227.2% fibonacci extension. Price is...

shermzT Jul 7, 2023

On H4 timeframe, price has recently rejected off from a key resistance zone at 0.6200 and broke below an ascending trendline. A pullback to resistance zone at 0.6200, which coincides with 78.6% Fibonacci retracement, could provide the bearish acceleration towards the next support zone at 0.6080, which is in line with the 241.4% Fibonacci extension.

shermzT Jun 30, 2023

Currently, there is bearish order flow, with lower highs and lower lows being formed on H4 timeframe. A throwback to the support-turned-resistance zone at 1.2700, which coincide with the 61.8% Fibonacci retracement, and a break below downside confirmation at 1.2600 could provide the bearish acceleration towards key support zone at 1.2500, which coincides with the...

shermzT Jun 23, 2023

The price on the H4 timeframe has recently breached the consolidation range of 0.6750 and 0.6800, indicating a breakout. A throwback to the resistance zone at 0.6750 could provide the bearish acceleration towards key resistance-turned-support zone at 0.6650, which coincides with the 227.2% fibonacci extension level. Price is hovering below our ichimoku cloud and...

shermzT Jun 16, 2023

On the 4H timeframe, there is bearish order flow, forming lower highs and lower lows. A pullback to key resistance zone at 1.3350, which is in line with the 50% Fibonacci retracement level, could provide the bearish acceleration to the support zone at 1.3000, which coincides with the 261.8% Fibonacci extension level. Price is hovering below the 20 EMA and ichimoku...