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alifari's Blog
DAY 1 - EURUSD ANALYSIS
EURUSD price structure in last few weeks remain interesting. We saw a fake out of resistance level at 1.2070 and price moved down with momentum and after a bullish retracement we have seen a lower high and lower low structure. Price is currently ranging around Daily demand zone between 1.1720 to 1.1750. However, it is below an important support level, which could act as resistance on the retest.
As such I would be looking for bearish price action on lower time frames to enter short trade on this…
As such I would be looking for bearish price action on lower time frames to enter short trade on this…
DAY 11 - GBPUSD ANALYSIS
GBPUSD continues to make higher highs and higher lows on Daily time frame, since start of this year. The current impulsive up move is testing supply zone around 1.3200 to 1.3250 zone and we may see some down retracement. However this could provide good opportunity to buy at lower price with target around 1.3485 level.
The bearish scenario would only be considered once price break out of channel and close below Daily support level at 1.2770.
The bearish scenario would only be considered once price break out of channel and close below Daily support level at 1.2770.
DAY 8 - KEEP WORKING TOWARDS YOU GOALS
Always fascinated about these kind of stories and proves the point "that even the best of the best can have an off day. On the contrary with practice, hard work and passion one could even beat the best of the best".
As such as a trader, we have to constantly work towards fine tuning our edge and never get upset after streak of few losses.
"A competition in Charlie Chaplin impersonations was held in California recently. There was something like 40 competitors, and Charlie Chaplin, as a joke, e…
As such as a trader, we have to constantly work towards fine tuning our edge and never get upset after streak of few losses.
"A competition in Charlie Chaplin impersonations was held in California recently. There was something like 40 competitors, and Charlie Chaplin, as a joke, e…
DAY 6 - USDJPY ANALYSIS
At the end of last year USDJPY rose significantly around 1700 pips, however since January 2017, we have seen some retracement of around 1000 pips.
Since last few months, this pair is ranging between 114.50 resistance and 108.10 support level. We have seen several test of support level and current price action suggest a breakout of this support level. If it happens there is plenty of downside room, as the next major support level is around 700 pips away at 101.20.
Since last few months, this pair is ranging between 114.50 resistance and 108.10 support level. We have seen several test of support level and current price action suggest a breakout of this support level. If it happens there is plenty of downside room, as the next major support level is around 700 pips away at 101.20.