RamziAbouAbdallah-CMT

RamziAbouAbdallah-CMT Updated 

• Triangle on hourly chart • Breakout failed near the 200 MA • 2 possible scenario: Retest then move lower or move higher and invalidate the pattern Good luck

RamziAbouAbdallah-CMT

• Ascending channel • Buy with Stop loss at 1.32200 • Sell on a break of 1.32200

RamziAbouAbdallah-CMT

• Double top/resistance at 1.33140 • Support/neckline at 1.31050

RamziAbouAbdallah-CMT

• Rally stalled near 50% level • Sell with target 23,6% at 1.30263 stop loss at 1.31

RamziAbouAbdallah-CMT

• Sell with stop loss at 0.73400 target 0.72220 • Buy at 0.73400 target 0.74150

RamziAbouAbdallah-CMT

• Battling with the support turned resistance level at 137.534 • Next target is confluence level at 137.681 • Followed by 138.200

RamziAbouAbdallah-CMT

• Triangle on daily chart • Daily support at 103.258

RamziAbouAbdallah-CMT

Hello, Gold lost almost 100$/ounce last week following positive news from Covid-19 vaccine and is now trading inside a bear flag. There was a fake breakout as seen on the chart created by hanging man candlestick. The yellow metal is back inside the triangle again. However, risk is still tilted to the downside given that the price couldn't break the 38,2%...

RamziAbouAbdallah-CMT

Hi everyone, EUR/USD is back under pressure again and there are many reasons to be bearish on this pair: 1- Resurgence of Covid-19 cases across Europe. 2- Major European countries closing their borders and in lock down again like Germany,France and Spain. 3- ECB's dovish tone back in play. 4- Lagarde signaling of a probable move in December. 5- GDP and some other...

RamziAbouAbdallah-CMT

Hello, Find above a suggested elliott wave movement for the intraday charts on EUR/USD: wave 1: 1.18270 to 1.18060 (daily high). wave 2: 76.4% of wave 1, at 1.18219. wave 3: 161.8% of wave 1, at 1.17930. wave 4: 50% of wave 3, at 1.18080. wave 5: 161.8% of wave 4, at 1.17860 (daily low).

RamziAbouAbdallah-CMT

Hello, Hope you all had a great trading week Here's a suggested elliott wave analysis on the EUR/USD, If this is correct, we are now on wave 5 and the initial target is the 123.6% of wave 4, around 1.21070. Good luck

RamziAbouAbdallah-CMT

Hello everyone, A quick analysis into the Loonie supporting the bearish picture: 1- The pair broke below the 50 SMA. 2- The pair broke the higher highs higher lows pattern. 3- The pair broke the ascending trend line. - - - Next target is the 38.2% at 1.3150. Good luck

RamziAbouAbdallah-CMT

Fib expansion analysis on EUR/USD: 1st wave: connecting March low at 1.065 with previous June high at 1.1420. 2nd wave: retracement of the latter move, from June high at 1.1420 to June low at 1.1170. - - - We get Fibonacci expansion levels: 1- The 100% level at 1.1940 got hit in August. 2- Pair retraced to 61.8% at 1.1640, then a little bit lower. 3- Pair moving...

RamziAbouAbdallah-CMT

Fibonacci analysis for the EUR/USD: 1- After touching the 61.8% Fibo retracement of the July-August rally, the pair found support at 1.1613 and bounced back. 2- Market back in trading range. 3- Pair met resistance at 1.1760 which is a confluence level (61.8% of September decline and 38.2% of July-August rally). 4- Pair met support at 1.1690 confluence level (78.6%...

RamziAbouAbdallah-CMT

Hello, DXY rally seems to have stalled at the 50% Fibo level This week's highlight is NFP, which is gonna provide trading opportunities and more clarity on the next move for the USD. The latter might test the 38.2% at 94.04 before proceeding with its next move. Good luck

RamziAbouAbdallah-CMT

Hello, Last week we saw a big slump for the yellow metal which lost nearly 5%. Showing you on the chart above a 3 wave impulse move. As you can see, market is possibly moving as wave 3, which is the longest and usually targets the 161.8% level with target near 1730/ounce. Good luck

RamziAbouAbdallah-CMT

EUR/USD move still corrective at the moment trading near the 23.6% Fibo level. The pair might test the trend line shown on the chart and continue rising.

RamziAbouAbdallah-CMT Updated 

Hello, As you can see on the hourly chart, a symmetrical triangle just occured. Long position at breakout point around 0.9110. Target: 0.9210 as per the measurement strategy (distance between lowest and highest point of the triangle which is around 100 pips) Risk reward: 10 Already 50% of the target got achieved. Good luck