Lenin-Michael

Lenin-Michael

G'day Trader, With GBPJPY we are looking at overall bearish move with the possibility of 2 scenarios to playing out. Our confluence are very clear Head and Shoulder pattern, break and retest of ascending channel. Price currently retesting pervious minor support as resistance at the 38.2% fib. If we get a strong bearish candle this could be nice move down. We...

Lenin-Michael

Good Traders, Gold is presenting good opportunity for buy. Upward trend. On the 1hr gold has tested our 78.60% fib level twice creating double bottom. Its Monday, reduce your risk and most importantly manage your risk. In the long term Gold looks like a great buy but its the short term fluctuation that wreck our emotions. In the game of trading we need...

Lenin-Michael

G’day Traders, Just like majority of GBP pairs we had nice bullish push at the start of the week. GBPUSD is respecting a very strong historical resistance on Daily and 4hr. This is a great place for buyers to take profit. Now we are waiting for a correction/pullback to the support, ideally to the 50 – 61.8% fib where we have the retest of the channel along with...

Lenin-Michael

G'day Traders, Inverse Head and Shoulder pattern, double bottom on the 1hr timeframe which gives reason for retail traders to step in. Being patient is the name of the game, as retailer trader are rushing in to buy of the double bottom lets be patient to allow price to decide the next move. 50% fib level would be a good area to look for nice bullish candle push...

Lenin-Michael

G'day Traders! We have triple bottom which gives us a inverted Head & Shoulder. Price has now broken structure and now we're waiting for a retest of the neckline and fib level of 50% and below. Ideally If we can get a bullish candle break the fib level of 50% (even on 1 hour charts) this could be nice play to the target of 0.980 Remember to use risk management...