KhaleemAli

KhaleemAli Updated 

New highs expected with this pair, HH's and LH's are being created consistently, its broken above the monthly level of resistance which is now support and is on a trendily to the upside. The daily and weekly candles have been bullish around the monthly level, and on the monthly the last candle was a doji. Took this trade on the 4HR, just waiting for a bullish...

KhaleemAli Updated 

Pair bounced off trendily again on the 1HR chart, shooting star candles on lower timeframes. TP near daily support. TP @ 1.21433 SL @ 1.22184 R/R @ 1.61

KhaleemAli Updated 

My bias for USD/CHF is SHORT. The pair has been in consolidation for over a year now, it is again trying to breach the strong daily resistance. The candle before today is a shooting star, this is a good confluence. The ascending trend line drawn has been broken in the last few days, so that's confluence to a bearish move, now just waiting for a clean bounce from...

KhaleemAli Updated 

I've opened a short position on USD/JPY. I looked at the weekly chart and saw the chart was making LL's and LH's, so the overall trend is bearish. In addition, there is a trend line which the price rejected, as displayed on the chart. I also used a fib from the swing low to high to see where I should have a take profit. However, the 0.328 level was below the...

KhaleemAli Updated 

Daily resistance tested again, large dog was the last 4HR candle to form showing indecision. I have taken a short position to the nearest support level and just above the 0.382 fib level. TP @ 1.06804 SL @ 1.06071 R/R @ 1.14

KhaleemAli Updated 

a doji has been created on the H4 chart just on the descending trendily, in the long-term i believe the pair will retrace back to the monthly resistance. However, I believe we can catch a retracement back to the H4 resistance level. Also, if you draw a fib, the H4 resistance also lines up with the 0.618 level. TP @ 1.00472 SL @ 1.01742 R/R @ 4.00

KhaleemAli Updated 

A tweezer bottom/doji has formed at the support of the daily, so i am placing a short-term long position up until the next daily resistance level. TP @ 1.42313 SL @ 1.38341 R/R @ 2.36

KhaleemAli Updated 

Opened a Long position on this pair, as yo can see it bounced off the trend line it recently broke through and should be going higher. TP @ 0.70362 SL @ 0.69450 R/R @ 1.81

KhaleemAli Updated 

It has been in a descending wedge, and just bounced off the upper boundary, although a close on the daily is required to confirm this. it is also at a moderate resistance level, so i believe it should go lower to at least the 0.716 level IF the close today is convincingly bearish. Will update if a trade is taken out. SL @ 0.73629 TP @ 0.71634 R/R @ 1.5

KhaleemAli Updated 

The pair has just bounced from a countertrend-line, will wait till the daily closes convincingly bullish before taking out a long position. TP all the way up to the wedge upper boundary and the 4HR resistance level for a great R/R. TP @ 1.35509 SL @ 1.31539 R/R @ 2.97

KhaleemAli Updated 

I have opened a short position on USD/CAD. I believe it will be going lower and will consolidate to the weekly support level. The pair has recently broken the 4HR trend line supporting it, and now looks to move lower. At the moment the price has retraced slightly to a small resistance area however should be forced back downwards towards weekly support. SL @...

KhaleemAli Updated 

My last post was biased towards short IF the 4HR trend line was broken. This didn't happen and instead a mirning star formation has been made bouncing off the trend line, so I will be opening up a long position on USD/CAD with a TP up to the 4HR resistance level. TP @ 1.35555. SL @ 1.35000.

KhaleemAli Updated 

My short-term bias for USD/CAD is SHORT. The price has just bounced off the daily resistance and has started to go lower. The price recently broke out of the wedge it was in, so long-term it should go higher to the 1.40 level. It will retest the wedge and the weekly support level before heading higher. to confirm the weekly support as a TP level, the 0.382 fib...

KhaleemAli Updated 

Fully technical based. the chart is in a descending wedge and is now looking to bounce off the upper trend line in conjunction with the monthly resistance. I could have had a better entry, but didn't want to risk it going further down before touching the upper trend line again. EUR/USD SHORT.