Wahid_Elgohary

Wahid_Elgohary

The ichimoko system gives us a strong signal of going long on this pair, as well as price movement forming a head and shoulder pattern at a significant reversal zone.

Wahid_Elgohary Updated 

The bulls are out of momentum at the top of the daily and weekly waves. The price is showing bearish RSI-Price divergence on all time frames, and the Euro is started to weaken recently. I would enter with a small amount and scale into the short once we get stronger confirmation of trend change.

Wahid_Elgohary Updated 

The pair is approaching the Kumo cloud, which coincides with a dynamic resistance level. Although the overall picture is bullish (after the sharp reversal at the fib 50%), I would not enter now and wait for a strong confirmation as following; 1. Price consolidates for a while until the future cloud turns green and the Kajen Sen comes closer to the current...

Wahid_Elgohary Updated 

The pair has been falling like a rock for a while. Now is the time for the reversal. The price is at a great significant level with Kumo confirming bullish breakout. However, I would not enter now and wait for further confirmation through breaking out of the downward base trend line.

Wahid_Elgohary

Very strong confirmation of the bearish momentum change. 1. Price confirmed rebounding from the 1D channel top. 2. RSI-Price bearish divergence on the 1h 3. Kumo breakout confirmation (a. cloud change, bearish cross, Kajen Sen break out of cloud, and lagging price breaking out of the cloud as well).

Wahid_Elgohary Updated 

Oil rebounded from the significant level around 58 dollar. Selling signal is triggered based on rebound from cloud coinciding with opening of US market hours. The long term bias looks bearish at the moment, and we could keep holding the sell position until $52 potentially. Stop loss at 63.5 dollar, if price breaks out of the Kumo cloud then the 4h strong baseline.

Wahid_Elgohary Updated 

Price broke out of the Kumo Cloud with all strong confirmations from the Ichimoko system on 1H chart. Stop loss as shown, price target is from daily chart at 0.8100, top of the current range, as the price just confirmed reversal from fib 50% (daily chart).

Wahid_Elgohary Updated 

Price Overbought and touching strong downward channel. Tight stop loss is used.

Wahid_Elgohary

The pair has broken the baseline and the significant level, retested them from the bottom side then started moving to lower lows. Entry is based on the price retreating to the Kajen San (minor pullback) to ride the wave to the down side. Tight stop loss as usual at 86.0 Profit target at 80.7, the ultimate bottom of the big downward wave.

Wahid_Elgohary Updated 

The pair is currently rebounding from the bottom of the Kumo cloud and the baseline trend line. I wont trade it to the upper side as i believe it would be for very short term only, given the current RSI- Price divergence. Anyway, I expect the price to rebound touching the upper limit of the cloud before finally breaking downward out of the trendline and out of...

Wahid_Elgohary Updated 

EURGBP is about rebound from upper baseline trend line and continue ranging. Entry signal is at breakout of the dotted trend line with a red candle that closes below the Kajen Sen (the purple line). RSI-Price divergence is observed as well.

Wahid_Elgohary Updated 

Currently EURUSD is at a very interesting price range. Upward break would be a buy signal, and downward break would be sell signal. I personally foresee a bullish breakout. But we have to wait and see where the price breaks out to.

Wahid_Elgohary Updated 

Good entry on riding the wave downward. Reversal from fib 61.8 of the last wave downward, and reversal from fib 31.8 of the downward channel, and reversal from Kumo clouds. Stop loss above previous high & above the Kumo cloud at $1330, and profit target at $1296 (fib 161.8%) Risk to reward is quite small on this trade (almost 1:1), so I would trade it with...

Wahid_Elgohary Updated 

Price is heading toward a significant level on the big weekly time frame. The significant level coincides with a strong reversal level at 61.8% of the last wave fib range. Lastly, the price is approaching the monthly Kumo cloud surface which is another reversal level. I am looking at 0.7730 to 0.7750 range to find entry points that confirms trend reversal.

Wahid_Elgohary

Riding the wave down, the price had retreated to the 61.8% of the downward channel. Price is showing weakness and would probably continue moving down to the 1300 price level. Stop loss could be above previous high at 1335, or a tight stop loss above recent highs at 1328 is another for aggressive trades.

Wahid_Elgohary Updated 

We are set for the bullish ride once more. Watch out for confirmation as per on the chart. I will update once the reversal is confirmed.

Wahid_Elgohary

Get the cash ready, if the price breaks out the baseline for the recent downward movement. It also coincides with the upper limit of Kumo Cloud (no surprise !) The future cloud turned green, and the Kejun San is trending upward with the price. Final confirmation is price breaking out for 2 candles, enter long on the 3rd candle.

Wahid_Elgohary Updated 

Price is looking very bearish and heading down ending the big downward wave. The price is currently re-testing the resistance level unloading the heavy selling before rebounding and continuing to move lower.