ARTCThe stock rejected of the resistance and 200 EMA line it needs confirmation to retest the upper top, it might be false breakout so be-careful be sure of the points then enter.
Dubai
GFH GFH all positive signs its targeting break the upper wedge of the triangle , but we need to make sure the entry after the candle close.
use more indicators to be more sure.
Union PropertiesIts under pressure and is not performing well these days today it got rejected right at 200ema area and close in red. Next support level is 0.275 area lets see if it can hold it there but so far not relief. Bearish!!!
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GFH What Happen??It played out as per the trade plan i didnt post this trade idea yesterday but i did upload my trade entry and exit on my insta. I took this trade and exited with profit today. It got heavy selling pressure and it could not close positive its back in the range. To cross this resistance zone it have to wait here and make price action to push the price upwards for now ranging.
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Aman Trade didnt work outAman gave a nice breakout yesterday but it could not hold the gains and witnessed tremendous sells pressure. I wanted to enter at the neck line today i was waiting for it to come and retest and it did i was in the trade but it could not go higher and closed with at limit down of 5% today. My stop loss was hit and i am out of the trade it looks still bullish to me i will see if i get a buy signal tomorrow again to enter.
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Emaar as per the planIts working out nice and as per the trade plan, it is retrace back at the resistance level 2.69 is a strong hurdle to cross for now. Its still in a immediate down trend. I will be bullish once it closes above 2.80 to change the momentum of the current down trend and begin a new journey.
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Salama did anyone trade this one?If you following my trade ideas and took this trade am pretty sure you closed your trade in profits today as it went exactly as per the plan. If you have taken this trade and made some money comment and let me know your entry and exit. If you didnt exit yet or didnt take the trade comment as well i will let you know when to enter again.
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EURJPY Trade Setup(confirm)EURJPY been making step movements for last couple of days in upward momentum.
This analysis is intraday for long term holders ans now at point 120.032 eurjpy has strong supports as you can see in H1,H4 time frame.According to the upcoming fundamentals EUR should be again high with steps movement like corrective momentum.
EURJPY still is on my watch list and now again making steps movement towards buy direction .The recent price action had a really strong bullish move up from previous history as if you see in the monthly time frame the last month EUR had fallen and made wick .The larger continuation correction on the high time frame is developing further, and we see price continues to go up towards the top of the technical structure, hitting a recent double tops.
for further details you can ask us directly
GBPJPY next Trade SetupGBPJYP TRADE SETUP
Guys you can see in the D1 Pin Bars
GbpJpy is at spot of 134.86 and and its make Pin Bar that indicates the impulsive momentum towards sell direction and the next target of its near resistance 132.86 in the D1 if its break that point so its next traget will be 130.000
Guys dm us if you have any query or you want to discuss about Trade setup
Union PropertiesIt was a heavily traded stock and now after the shift in momentum its not interesting like before. For it to become bullish again it has to pass so many hurdles that is resistance levels the most immediate is 0.290 next is 0.95 thn 0.3 and thn finally 0.305. It made a doji candle today and i see its weaker and people are not interested to buy this stock at this level. I will not buy this one till it is bullish. For now i am bearish on this one for sure.
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AMANAT WHAT A RUNNN!!I have been recommending this stock more thn a month ago, always go with the trend and follow the trend this one is on a uptrend and good for a buy tomorrow. I would recommend this one for tomorrow, check over all market and sentiments and look for a buy signal on this one.
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GFH Buy opportunityI see a good opportunity in GFH, it have made a perfect hammer candle right at the support level and it looks good to take the trade now. It would not give a very big target as this stock is in a range but this is how you trade the ranges. Check my insta for entries and exit. IF you like my analysis hit like & follow
DFM playing Games?It almost broke the support level today of 2050 and bounced back, If it had closed below the support level it would turn bearish and a reversal would take place however it closed at 2050 and respected the support level by giving the correct reaction. This is the 5th time it have tested this level and successfully reacted in a positive way. Any support or resistance tested again and again becomes weaker.Today it went down to 2041 and bounced yes we can call this a fake breakout out to down side anyone who panicked & sold their stocks must be regretting so who was buying today? surely the "SMART MONEY" they bought the stocks today at the cheaper price to sell it at higher prices. Market is above 2050 level i am bullish.
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Emaar Malls nice & TrendingThis is the typical example of a trending stock, making higher highs and higher lows. It bounced off from tits recent support and now is expected to continue its uptrend. Good stock !!
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GFH back to the pavillion It could not push higher and it have made a candle stick pattern that is called dark cloud which says the current candle opens above previous days close and closed more thn half of the previous candle indicating immense selling pressure and very less buyers. It has almost reached the support level again and lets see if it takes a stop here or moves further down. If it makes a doji or a hammer candle it will be a good sign. Lets stalk this stock till ig gives us a sign :)
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When is the breakout ???Market is stuck in a descending triangle as marked in my chart. What is a descending triangle? it forms at the highs or lows of a trend. Notice that the market is not making lower lows its making only lower highs and its forming a triangle pattern. This pattern is forming after a uptrend and the triangle can break either of the sides in my opinion it has a good chance of breaking up side as usually it gives a breakout as per the previous trend. Once the triangle breaks out there is immense energy released and the move is bigger thn the usual moves in the market. Usually this pattern gives a breakout at the apex of the triangle lets see how the market performs tomorrow and if it finds support at 2050 level again. TIll the time market is above 2050 i am bullish.
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Is it making a pattern ??Market is still waiting for direction, and its forming a triangle pattern and it can break either of the sides. Today again it was not a decisive day it made a green candle but its not very bullish. Market can still range for days to come and give a breakout at the apex of the triangle. I am still bullish on this one.
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DeyaarIt was a up trending stock but it have started to make lower highs which is not healthy for the bull trend. Below 0.270 it will be very bearish as it still has some chance to go upside tomorrow to prove that bulls are here and they can save the up trend. If it does not perform tomorrow and goes further down it will be in a down trend, next support area will be 0.260. I am still bullish on this one.
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Dubai Islamic BankIts stuck in a range for now, its just at the support level around 3.85 it has a good chance to make a doji or a hammer candle which should confirm the support area. Traders those who like to trade the range will take the trade and keep the target at the upper range. I would like to take this one once its giving a proper trend. Over all its still bullish for now. I am stalking this one.
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Dubai Financial Market - Weekend ReviewNot a very powerful week in terms on movement we only had 2 days of green candle and 3 days in red infact we closed in red too. Lets analyze, market took support at very important area of 2050 and bounced back and it made a high of 2100 it tried to break it but found resistance and it retraced back to 2072 and again it found support in this area which is marked in the chart and bounced from there made a closed at 2082 printing a hammer like doji candle indicating bull pressure and good support. Market is in side was as of now after breaking the upside trend line. The range as of now is 2050 to 2120 area.
Market should resume its upside coming week crossing 2100 level soon. Lets wait and stalk how does the market perform this coming week sure many opportunities spotted last week and we will get more opportunities coming week too. I am bullish till its above 2050 levels. Happy weekend
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Salama weak weakerOMG what to say about this stock its testing my patience, i am still in this trade and in negative zone so far. It made a long big doji yesterday and today it opened with a gap down directly indicating weakness in this stock and no buyers. It is back at 0.50 level which is immediate support it has tested this support so many times now and its becoming weaker it can easily break this support to go more down which will take me out of the trade. Lets see how it performs tomorrow now i am bearish on this one as the support have become weaker and weaker.
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DFM bulls are tiredTodays session was just red red all over, it found support ar 2050 level and it took off from here but in todays session it made a red candle closing below yesterdays close there was heaving selling pressure and profit booking on pervious gains it means investors are booking profit early and are not confident. Profit booking normal and such small corrections after big moves are normal but we didnt have a very big move yet. It closed just at the near support level as marked in the chart, 2080 is support area now. So what next? i think market should resume upwards tomorrow or stay in this zone for another day before making a move upside. We stick with our scenario that trend line is broken and now the market is in the range that can potential make a W pattern. Tomorrow is last trading day of the week and i can expect more selling pressure as investor would not like to keep their positions open. As long as market is above 2050 i am bullish.
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UPP i am stalking youI am stalking this one but its not giving me a proper setup it comes right to my resistance line and it gets rejected i want to see the price crossing above the resistance line and retested once so i can take the trade. One thing is for sure its consolidating in this area it is also above 200ema which says still uptrend is intact as its not yet taken out low of the swing high.
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