simmalhi

simmalhi

GBP JPY lies in consolidation. Depending on which bias the breakout is towards, I will open a BUY/SELL.

simmalhi Updated 

Local Trend is bearish. I believe we will retest the 0.618 Fib around 1640. and then we will continue upwards. I have used a tight Stop Loss.

simmalhi

Hopefully this goes to plan. Not too late to enter.

simmalhi

Possible Gold Scenarios. The long is always more favourable for me when it comes to Gold.

simmalhi Updated 

Falling Descending Wedge. I will wait for much more confirmation before I open a trade. Just an idea.

simmalhi

Base Formed and Trendline Respected. Open Up Long

simmalhi

Broken Resistance 1700. Buy on retest and Long til 1715 TP1 and then 1740 TP2.

simmalhi Updated 

Buy on Retest

simmalhi

I will open up a long on the 3rd touch of the trendline or if the resistance is broken.

simmalhi

The Scenarios of GBPUSD

simmalhi

Bottom Zone tested and respected. Lets begin the next leg up to 136.8!

simmalhi

Despite breaking the ascending trendline. My sentiment is still long. The levels of support are being well and truly repsected. I believe we will break through the 0.5 Fib zone to the 0.618 Zone at 136.9. This is where we will see a deeper pullpack

simmalhi

Just a note that Gold loves a fib. It respects these golden zones between 0.5 and 0.618 to the T. Please everyone take note.

simmalhi

If the 4 Hour resistance closes below this level I will open a short. As you can see there is a volume gap which is yet to be filled.That is my TP

simmalhi Updated 

As you can see from the chart. The Ascending trendline and the Support is being respected. If this continues into the close. It would be a good place to open Buy. As a tight SL can be used to potential downside and maximise RR.

simmalhi

We are back at these levels. I will Open up a Short/ Long at 125. This is a strong level of resistance. and marries up to the 61.8 Fib Level. I predict a short but I will wait to see price action near this level.

simmalhi

Self Explanatory.

simmalhi Updated 

Level of support where we can put a tighter SL. therefore the risk is worth the reward.