tuahawaqar

tuahawaqar

In XAUUSD we saw a massive bullish rally after it tested its last year low around 1681.00 .Now it seems that the pair is all set to retest its demand area again making a possible double bottom around 1681.00 area. I am seeing a good selling opportunity around 1719.00 area with a takeprofit of 1688.00 and stoploss around 1732.00 area.

tuahawaqar

GBPUSD is showing strong divergence and is all ripe for bullish reversal. Buy if H4 close above 1.2082 area , TP1: 1.2230, TP2: 1.2600, SL: 1.1849. This will be a big move and I am hopeful we will catch much green pips as the rade goes on, I will keep updating trade ideas along the way.

tuahawaqar

GBPJPY is in healthy bullish rend and now testing trendline resistance from last month and it seems this trend line will not hold. If this is the case then we will be able to catch some green pips. Buy GBPJPY if H4 closes above 166.40, TP: 168.30, SL: 164.89

tuahawaqar

XAUUSD made a aggressive bullish rebound from 1707 area and has close way above the H1 trend line and now testing the supply area around 1730.00, this supply area also has a confluence of trendline and 50 period moving average on H1, a bullish move is expected from 1730.00 area to the next demand zone of 1759.00 which also has a confluence of 200 period moving...

tuahawaqar

GBPUSD is expected to test demand area of around 1.1935 and then go bearish , take profit: 1.1800, stoploss:1.2010. On D1 there is also a formation of evening bearish star which also predict price will go bearish and test the next support area.

tuahawaqar

GBPJPY is expected to test newly formed trend line around 163.80 area which is also a potential demand zone and then go bearish to test 162.00 area. There are two possible scenarios to trade this pair. Scenario #1: wait for the market to test 163.80 area /trendline and then take a sell entry, takprofit: 162.00 , stoploss: 164.55 --- 180 pips...

tuahawaqar

CHFJPY is in a downtrend and is expected to continue it, with a bearish engulfing candle on H4 it provides a confirmation , there are two possible scenarios in this case. Scenario #1: it will continue its bearsih move. Sell CHFJPY if H1 closes below 139.35, take profit: 137.50, stoploss: 140.80 Scenario#2: pair might retrace an test trendline resistance around...

tuahawaqar

XAUUSD is now in a retrament mood and likely to retrace around 1760-62 area. Buy XAUUSD now at price 1742.00 , takeprofit: 1762.00, stoploss: 1728.00

tuahawaqar

GBPJPY just formed a double bottom pn H1 and H4 and now bracing itself for a bullish run. Buy around 162.15 , takeprofit: 164.50, stoploss: 161.40 ---- 230 PIPS OPPORTUNITY

tuahawaqar

Although the pictorial desciption is self explanatory but i will explain over here. There are 3 trade opportunities: Trade 1: Buy XAUUSD around 1767.00 , takeprofit : around 1785.00, Stoploss: 1749.00 ---- 180 pips opportunity. Trade 2: Sell XAUUSD around 1786.00, takeprofit: 1752.00, stoploss: 1800.00 ---- 320 pips opportunity Trade 3: if price breaks...

tuahawaqar

XAUUSD is expected to go bearish if it breaks support trendline of peanant and D1 closes below 1812.00. There are 3 trade opportunities within this big move. Trade #1 Sell XAUUSD if D1 closes below 1812.00, Takeprofit: 1790.00, Stoploss: 1835.00 - 220 pips opportunity Trade#2 buy XAUUSD around 1787.00 if H4 makes rejection candle, Takeprofit: 1810.00,...

tuahawaqar

GBPUSD is currently in range on H4 . Scenario#1 Buy if H4 closes above 1.2330 Takeprofit 1 : 1.2595, Takeprofit 2: 1.2600 , Stoploss: 1.2225 Scenario#2 Sell if H4 closes below 1.2180, Takeprofit: 1.2000, Stoploss: 1.2265

tuahawaqar

GBPUSD has tested its trend line from last week and is now exected to go bullish. Buy now at 1.2274.00, Take profit: 1.2400 , Stoploss: 1.2210

tuahawaqar

Buy GBPJPY if H1 closes above 166.15, Takeprofit: 168.70, Stoploss: 164.50

tuahawaqar

As you can see NZDJPY is in power bullish move after testing 82.97 area and now it tested 61.8 area of Fibonacci Retracement around 85.30 which also serves as a horizontal resistance level. Buy NZDJPY If H1 closes above 85.40 , Take Profit: 86.70, Stoploss: 84.60 -- 130 pips opportunity

tuahawaqar Updated 

As you can see GBPJPY is in downtrend in H4 and it recently breaks a long term trend line from 12th May 2022 now the price is expected to retest the broken trendline around 163.00 area. Sell around 163.00, TP:160.00 , SL: 164.50

tuahawaqar

Price just tested 200 MA in D1 time frame and this area is also a strong resistance in past, overall fundamentals also indicates strong USD combined with a strong barish engulfing candle just 2 cadles back. This all scenario indicates gold has not yet finished its bearish move and will further go bearish. Sell XAUUSD around 1842.00 , TP: 1790.00 , SL: 1865.00

tuahawaqar Updated 

Our first analysis of BTCUSD was fruitful and we were able to make some quick profits now the pair is all braced up for a bullish run, we have 3 trade scenarios. Scenario #1 Buy BTCUSD if H1 close above $31750.00 for a Takeprofit of $32000.00, stoploss: $31200.00 Scenario #2 major trend of BTCUSD is bullish but around $32300.00 area pair is expected to make...