simmalhi

simmalhi

Respected Support. Respected 4hr Trendline. Broken Descending Trendline. I will enter now.

simmalhi

Wait for 4HR breakout confirmation.

simmalhi

USDCHF is testing Fib region 78.6. If we see a rejection here AND then a trendline break; Price will decline! This is had the possibility to be a very good trade!

simmalhi

My Sentiment is short. We will of course wait for a 4 hourly close below key level to confirm this.

simmalhi Updated 

I am confident in this trade. Rejection of 61.8-78.6 Fib Levels. Lower Lows and Descending Trendline respected!

simmalhi

Lower Highs. Descending Trendline Resistance Respected. I will wait for this 4 hourly close. But here is my set up. RR 6.5. Use Risk Management

simmalhi Updated 

I am still holding my short. Been a long hold so far! It appears XAUUSD will have to make a decision soon!

simmalhi Updated 

Short.

simmalhi

Buy Limit. Confluences: Above 200MA. Broken Key Resistance Previous Trendline Break Support respected 8/14 EMA CrossOver Closed Above Level 1.935 Above 8 EMA

simmalhi Updated 

Broken Trendline and now Retested. Wicked into 61.8 Fib level and rejected perfectly. Respected third touch of descending trendline. Should now retrace to 1670. Possibility of breakout to the upside so use small lot.

simmalhi

GBPUSD Short Setup. Trendlne 1 Broken. Trendline 2 Tested and in my opinion will be broken due to the bears being in control. Confluences: 1) EMA Cross Over 2) Bearish Movement 3) Descending Trendline Respected 4) Previous Ascending Trendline broken. 5) Support Broken and Pair is trading below psychological level 1.245. If this 4H Close closes below resistance....

simmalhi

Place Sell Limit

simmalhi Updated 

Long then Short

simmalhi Updated 

Short

simmalhi

My Opinion and Set Up.

simmalhi Updated 

Actual Sell Limits; Sl and TP

simmalhi

Possible Scenario. Obviously Wait for confirmation.

simmalhi

Scenarios. I am biased towards a short; due to the volume gap needed to be filled and a recent peak.