mhtong98

mhtong98 Updated 

Hi all, With the EU getting ready to offer a 'super-charged' free-trade deal to the UK in order to reach a Brexit deal, We could potentially look to long The Cable We should see GBP/USD pullback to the regions of 1.30557(61.8%)-1.30383(200 EMA) before continuing its onslaught towards the regions of 1.33011(61.8% of 16th APR to 16th AUG Impulse wave) Potential...

mhtong98 Updated 

In light of Fed Rates being increased in the third quarter, and with insight into future fed rates, we should see the USD strengthen considering the upcoming events. TVC:US10Y are around 3% ahead of the events. A hawkish hike can send them to new multi-year peaks, carrying the USD with them EUR/USD could continue its move downwards. The FOMC meeting should...

mhtong98

Hello, FX:GBPUSD is in the midst of correcting itself (50%) from its previous impulse move, We will be targeting to trade the 5th wave as current price levels have hit support (38.2%) and we are looking for price to continue onwards to 1.34254 (1:1 of 1st wave of correction) Release of Current Account data and Final GDP q/q, could futher push FX:GBPUSD ...

mhtong98 Updated 

XAU/USD has been trading downwards since April which gives us a potential set-up to long XAU/USD Long-term downside trend-line has been formed which gives us a chance to buy the breakout. Current long term outlook on XAU/USD is Bullish. Also, with China seeking WTO's permission to impose sanctions of US$7 Billion, this might affect prices of XAU/USD as ...

mhtong98 Updated 

Currently we are seeing the formation of a Triangle pattern on XAUUSD on the hourly timeframe, To identify the breakout of the Triangle pattern, look at volume on the breakout Should gold Continue its Bullish trend, we might see Gold break past its previous high Should gold however, should it go on a Bearish trend, we might see it drop back down to around...