FxRunner_Mel

FxRunner_Mel

Shorts on AUDUSD??? I've once read a quote from a very wise man, it's stuck in my mind till date. "News create volatility, not direction." That's what he said. Now, a lot is happening around the dollar which means we have to take trades with caution. What do we see on AUDUSD?? Our 1D support and resistance levels. 4H downtrending market structure. Bearish...

FxRunner_Mel

Going for Shorts on USDJPY? There is a clear edge around the dollar with so much changes the opposing countries are pushing to implement and weaken the Dollar. Now, how do we take advantage of this looming Currency War ? Patience and close attention to both the Technical and Fundamental parts is the key. Looking at where the Pair is currently at: On the 1D...

FxRunner_Mel

GOING LONG ON GOLD ??? The rule of using bigger timeframes for Support and Resistance Levels and also trend identification cannot be stressed enough. Now, in this case looking at the 1D timeframe, our Levels can be easily identified with our trend. We have an obvious Uptrending market structure with a series of HIGHER HIGHS and HIGHER LOWS in which we are...