simmalhi

simmalhi

Bias = Long. On the daily close if this remains. I will look for appropriate long entries tomorrow. Please Comment what you think and your opinions!

simmalhi

USDJPY Is in a wedge formation. Please pay particular attention to this. Not for entries, take profits. But purely to understand a bias for the future months on the June Close. I don't expect much volatility until a break to the upside or downside occurs. So I will be avoiding swings on this pair for this month.

simmalhi

If Trendline Holds. If Resistance is Broken. I do expect a rally to 1750 and then a retracement before continuation.

simmalhi

GBPUSD Long to previous Highs, We must be wary of the descending trendline. But price is trading above the EMAs. Has broken previous resistance. I will wait til tomorrow morning to view the charts before i enter.

simmalhi

Possible

simmalhi Updated 

Long

simmalhi

Too many people post predictions which are just playing the odds. This is my thought process behind the trade. Please take notes; learn. From the questions I have been receiving. Remember Traders; the key is patience. If you missed this move. Wait til next week. FYI. My charts don't look like this. This is a huge mess; just for demonstration purposes.

simmalhi

Take it or leave it

simmalhi

Waiting for last confirmation to show weakness in this small zone of consolidation. If a engulfing, shooting star, or a breakout occurs; I will open my short.

simmalhi

Looking for a few more confirmations on the hourly chart.

simmalhi

0.618 Approaching and Weekly Resistance. This also aligns with the -0.27 inner fib level. This would be a great RR. It will go a bit lower before moving to the upside; so be patient of enter with a bit of a larger SL! Remember to use proper Risk management. The number one importance to become a successful trader!

simmalhi

I am closing manually; as I am happy with the profits. Please note that this is for my personal record and anyone who wondered why Gold has sunk so deeply!

simmalhi

Sell Limit at 0,618 FIB Level. Scalp! not a Swing trade. I am hesitant to hold a Gold short trade at the moment!

simmalhi

Short Reentry . Target 0, -0.27 fib

simmalhi Updated 

GBPUSD Short

simmalhi

Just a thought! Please comment what you think! It would be interesting to hear other peoples opinions on gold at the moment!

simmalhi

Will Gold break this resistance and fly to 1800. I had short positions personally but have cancelled them.

simmalhi

Long Analysis for GBP AUD.