mleader1

mleader1

Quick scalp share for AUDJPY as it broke out from the hourly/4H recent resistance trend line. Currently it's supported by a 15mins uptrend channel, and if respected, it can keep moving further up. Early exit could be 10pips SL (from 88.611 where I entered) if price goes against the trade (so far it's doing great) If moving healthily, target could be 20-80pips....

mleader1

Analysis GJ touched 4H trendline and bounced multiple times last week (Friday) however failed to rise creating higher highs since the fall on Thursday which seems to have topped. Since the support trendline was not broken, it is still technically supported to have another go to the north. Intraday News There's no red folders for JPY specifically next week,...

mleader1

Share a DXY short idea as requested. :) A broadening falling wedge was identified and currently being respected. If confirmed in the next move and DXY gets rejected around 109.724 area, it's south move might be expected. Note: I do not trade neither do I guarantee the accuracy of my analysis. So use your own judgement and make your own decisions! Good luck all. :)

mleader1

gold has been under pressure in the past few days by risk-off market mood. It has now reached to previous key area, with potential trend support by two previous lows. If fails to hold above 1814, price may continue further down. For now, I'd consider a potential rise possible - Retail news & CPI data will accelerate the metal to push further down or bounce back up.

mleader1

Analysis DXY has been in correction since 15, Jun when another higher high was created on daily. It remains highly bullish on weekly being overbought, and with RSI above 51 on daily chart. However it showed some selling pressures on lower time frames in the past few days, with price currently just floating slightly above 104.073. From technical perspective, the...

mleader1

Analysis DXY has turned bearish after getting rejected at 104.5 level on lower time frames, although remain above 54 RSI on daily. Price currently hanging around fib 0.382 since 09, June, which is also a small RBS zone. If not bounced, it can extend the move to lower historical support area 103.536. If current support is respected, price can go back up to...

mleader1

Analysis USDJPY fell and broke down from previous ascending trend channel and now floating above 9 MA on daily, 50MA on 4H, 100MA on 2H and 200MA on 1H. RSI dropped significantly from overbought on daily, decreasing to below 50 on 4H and oversold on lower time frames since yesterday's downward movement. I expect price to move up slightly to retest the previous...

mleader1

This is a quick scalp to day trade setup. there's a hidden weekly trend line (purple) and daily (green) convergence right at current price. Considering EG overbought on most time frames, risky however worth a short with small lot size. No detailed analysis given as it's a quick scalp --- Disclaimer: Chart is static market is not. I learn from losses and...

mleader1

Morning/afternoon/evening guys DXY created a small gap on 15mins after the continued rally yesterday. As it did not move significantly during the Asia session, it's highly possible to move back up, fill the gap, and possible to retest 105.651 awaiting for the big US news. 105.651 is a historical SBR (support becomes resistance), bold green trendline is hidden...

mleader1

Analysis Price fell from 30/05/2022 high of 1.07863 to fib 0.618 of 13/05/2022 low. Friday fell bounced in the last few hours from the 0.618 golden ratio and floated above before market closure. If market opening for Monday the price stays above, it has potential to bounce back up minimum to 1.05680 area. Liquidation 1.05195 - 1.04926 area is previous...

mleader1

Note: this is a quick analysis so no much in depth details here. Price currently testing 200MA on Hourly, 100MA & 200MA on 2H towards downside, 50MA & 100MA on 4H towards downside. If the mini-downtrend line (purple) is respected, we can see the price start falling and retest last week's low at 0.70734. Entry: now or around 0.716 TP: 0.70734; greed kills, set...

mleader1

in general USOIL is still trending up. an intra-day drop is expected should the daily trend line (purple) is respected. Timescale: max 1 day. Note: This is a quick analysis for supporting my USDCAD analysis. I do not trade USOIL .

mleader1

1H, 2H, RSI approaching to over bought, 4H approaching to over bought also on a potential rising wedge. my trade setups are based on fundamental figure to be released: expecting a stronger USD, therefore it's against what I draw on my chart. (My chart indicates that once DXY reaches 94.60 - 94.63 area, it will drop) so currently if my chart is right, there'll be...

mleader1

GBPAUD retraced to its 0.618 fib from the rise in the past 2 days. 1.822 - 1.8244 zone historically provided strong support, so it should correct today's waterfall if previous 2 green candles on daily chart can be respected. Note: this is a risky setup, RSI on all time frames are still having rooms to let the price go down further. Entry: 1.82478 TP: Fib based,...

mleader1

GU bounced from S1 daily pivot point, the price level has also stretched to the outside of BB, a retracement should be expected, possibly during the Asia session. Currently it's RSI oversold on 1H, 2H and 4H, so it stands a high chance for a correction. Price going below 1.34735 invalidates the analysis. Entry: 1.34881 or lower, above 1.34735 SL: a few pips...

mleader1

NU is ranging across, forming a descending triangle. It may still range for a bit longer time, however if DXY gives it a breath, it should fly up very promptly. Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon. The current price level isn't worth me taking the risk as NU may...

mleader1

UC ranging across as expected. Currently attempting to create another higher high forming a possible rising wedge. Expecting to short it very soon. HOWEVER, be careful with this setup because CAD news happens on Wednesday (tomorrow), which means it may simple continue to range up. I would aim to move SL to BE asap and close trade if it bounces back up from the...

mleader1

Daily is supported by an engulfing green candle on Thursday, Friday although had some big moves it ended likely an indecision situation. Price did create higher high and higher low on daily. I'd like to be convinced that the doji created on 21st on 4H is a validated dragonfly doji, hence a gradual continuation of bullish move in the next few days USDCAD has been...