KhaleemAli

KhaleemAli Updated 

Took a short on this pair, saw a shooting star, and a touch on the descending CTL, so took a short there, placed to at the swing low although it should go lower, but I'm being conservative because the last LL was not taken out. SL placed above the shooting star wick. TP @ 1.23887 SL @ 1.24881 R/R @ 2.11

KhaleemAli Updated 

Took a long on this pair. It broke out of a strong daily trend line to the upside, however, I didn't take out the long position straight away as it may have been a fakeout, so i waited for a retest of the trend line and rejection in the form of a candle such as a hammer. When the hammer candle was formed on the 4HR time frame, i waited again for double...

KhaleemAli

Pair is in a downtrend, touched the short term CTL and should now be continuing to the downside. TP @ 0.7166 SL @ 0.7189 R/R @ 1.75

KhaleemAli

the pair has been making choppy 4HR HH and HL's, it has just been rejected from pushing through the wedge trend line to the downside on the 1HR and 4HR time frames, two hammer candles have been created rejecting price going to the downside, I am anticipating the price in the long term to head to 0.7950 ad the price has broken through the monthly CTL. But first...

KhaleemAli Updated 

The pair has just broken out of a 1/4HR range it was trapped in at price support, it has just broken and closed below the range of support on the 1HR and 4HR charts. Price also bounced from a strong daily CTL which is part of a channel earlier last week and should be heading down to the trend line at the bottom of the channel. The weekly candle last week also...

KhaleemAli Updated 

4HR fib 38.2% level touched, evening star created at this level, the trend line was also broken, this is when i took out the trade. Placed TP at the 100% fib extension level. SL aboe the many indecision wicks to the left. TP @ 1.23493 SL @ 1.25542 R/R @ 2.51

KhaleemAli Updated 

The pair has broken out of the range to the downside, being rejected at resistance, took the trade out at the first convincing bearish candle, price was also looking bearish as there were many shooting stars created on the 4HR chart on the daily. Fib level also touched 50% and now should be heading downwards. TP @ 1.62038 SL @ 1.64976 R/R @ 1.51

KhaleemAli Updated 

The pair is in a daily descending wedge, and has just touched and rejected the upper trend line of the wedge, a few 4HR indecision candles were made at this level which is also a 0.5 level fib, and then a bearish candle was formed which indicated to me the market decision has been made to travel lower. I have placed my TP at the swing low however it my go lower...

KhaleemAli

Price failed to close above minor resistance level and formed a shooting star candle on the daily time frame. Also, on the fib drawn, the price touched the 50% level perfectly and was rejected from there, so i believe the pair will be heading downwards, the start of a downtrend.

KhaleemAli Updated 

The pair has broken through the ascending 4HR trend line a while ago, and was looking to move down, it created a new 4HR trend line but this time descending. It has just touched this new counter trend line with a shooting star candle on the 1HR followed by a strong bearish candle and preceded by a strong bullish candle, this is the setup of a bearish pattern, the...

KhaleemAli Updated 

After a very strong downward move, the bears seem to be temporarily taking a break until the price possibly hits the trend line again and continues its downward momentum, so this is a retracement. Also, a slight Morning Star candle formation was created on the 4HR chart, but instead of a doji, a hammer candle was created, and i entered the trade after the bullish...

KhaleemAli Updated 

Looking at the 1HR time frame on this pair, you can see after a long bullish run, an exhaustion candle formed, followed by a doji, followed by a shooting star, which shows weakness by the bulls and strength in the upcoming bearish moved. After this a strong bearish candle formed, which for me was the indication to enter the trade. I have placed my SL just above...

KhaleemAli Updated 

Descending Trend line bounce, a gravestone doji created when price tried to react from the weekly level and go back above it, which was a retest but got rejected. The pair is in a descending channel in the process of making a LL. TP @ 111.55 SL @ 113.187 R/R @ 1.54

KhaleemAli Updated 

An evening star has been formed on the Monthly time frame, a shooting star has been formed on the daily time frame pushing to get below support, the price has bounced from the descending channel's upper bound, tried to go back up on the 4HR but got pushed back down to form a shooting star. I'm expecting another retest of the 4HR support level at least for the...

KhaleemAli Updated 

The pair has struggled to get past the area of resistance marked by the box just above the current level, however, i believe it will now drop below that level as it has touched the upper trend line of the descending wedge, is in the process of making a new LL hence the lower than support TP. And finally a 4HR strongly bearish shooting star candle was created at...

KhaleemAli Updated 

A 4HR hammer candle has been created at the weekly support level, also the pair is in a short term 4HR pattern and is in the process of creating a HL. TP @ 113.216 SL @ 112.54 R/R @ 1.55

KhaleemAli Updated 

The pair has broke the trend line convincingly, I was waiting for the Daily candle to close above the trend line. It touched the trend line and was rejected back up, also the daily candle is a Hammer. The 4HR candles have created a morning star. TP @ 0.77006 SL @ 0.75403 R/R @ 2.54

KhaleemAli Updated 

The pair is on a downward trend to monthly resistance, it has reached a higher low and is now making a lower low. Another confluence is the 4HR bearish engulfing candle, and also the price bouncing from the top trend line of the wedge. TP @ 0.99390 SL @ 1.00111 R/R @ 1.75