mleader1

mleader1

As title suggest, I'm currently bearish on GBP, but last Friday's fight-back was really upbeating. Looking onto weekly and daily chart, it did leave a valuable mark which to me is opening a possibility of reveresal against the newly formed downtrend (although it's an early talk). The setup is based on 2H TF so I expect it either SL or TP whatever achieves in...

mleader1

reality is telling me gold will be dropping more but currently it does seem to be rising on daily chart and lower TF charts. it might be a short-term reveresal back up but if it regains buyer's interests it may rise sharply and go on a recovery journey (I doubt). I will be setting up a small size trade for this to see if it works out. GL Note: Do not follow...

mleader1

It's a nice W on weekly chart, and completed a 0.5 fib retracement/correction in a day against weekly gains. I expect the DXY to go back up very quickly within this week. It may drop a bit to 92.168 again but I wish it not lower which invalidates my analysis. I also expect it to be a quiet Monday and if goes further may experience consolidation for further few...

mleader1 Updated 

the strength of the horizontal support around 1.38 is significant, to break it, US needs to show some ultra power which seems it has already attempted in a few times this week. The potential of the ultra push may come on Friday with the NFP report, it will either boost GBP recovery or let the newly formed GBP downtrend continue. NOTE: tight trailing stop activated. GL

mleader1

There's a mini reversed cup forming on 1h/4h TF. there's about 40-60 pips long opportunities, but I'll set only sell order so to only follow the main downtrend opportunities. If it cannot rise to my sell trade in the next 24hours, I will cancel the trade as NFP and Friday is coming. GL.

mleader1

this is a low risk setup. DXY needs correction, Pound needs a breath, NZD showed weakness. current price has just rose after breifly touched below the lower side of the uptrend channel, so I'm biased that the price will continue to rise. Immediate target is 1.9823, after which I will trail it.

mleader1

RSI on 1H, 2H and 4H are rising up whilst daily is still low, that gives potential for EUR/JPY going up further, although it does have high possibility of goign down considering the horsepower on the daily timeframe. The immediate expect target would be 131.937 and if that is achieve, it will be most certainly going up to 132.371. If break 131.60, you can either...

mleader1

RSI on 1H, 2H and 4H are high but not oversold, leaving enough space to go up further. To me today's rise breakout the recent mini-downtrend, therefore it should rise up a bit further before another retracement. 89.976 is the minimum I'm looking forward to achieve.

mleader1

Dollar drama caused euro and pound trauma, comparatively Euro/GBP rose up. I expect the movement still captured within the trend channel, and if it does not break out again, it should range down lower.

mleader1

The previous 2 triangles were all successfully broken, now Im expecting this one to break too. Even if not, it should still be capped at 1.39420; It will tell a different story fi it breaks up above 1.395 in my opinion

mleader1

break the mini lower trend line downfall it comes. But if it break up above upper trend line it still doesn't reverse, simply will be capped at 1.2 max. It's a low small risk with small lot size so ROI will be great.

mleader1

simple fib to fib again. the previous trendline was broken, so a new one should be formed, it can be either at 82.931, or 83.2-83.3. I will only put a small lot size in this setup just to be safe (and trailing).

mleader1

It's a massive downtrend within the general uptrend, to me the buying momentum is not ready so it's a better sell setup for me. fib to fib works in most times :D

mleader1

fib to fib. I'm expecting it to drop to at least to 89.048, will be trailing from 89.181. GL

mleader1

This is an update of my previous trade which was too conservative and didn't get hit. 1,2,4H TM RSI rising, Daily TF in correction with still a bit room for going up. JPY shows strength again so there'll be some limitation, trade with care. I'm in this trade already with trailing stop. You know what the green line means. :) GL If dollar encounter...

mleader1

This is a safe/conservative setup. USDJPY is in uptrend channel throughout the year, and currently in the middle of newly formed uptrend channel since April drop. I'll wait patiently till it reach to the lower level of the uprising channel around 110.5 based on fib calculation and then buy it up all the way to 110.965, which potentially can reach much higher....

mleader1

USDCHF at the moment is doing a bit of correction since the triple jumps last week. I expect it to down to 0.9145 area based on fib against last week's rise, and expect it to go back up to 0.9257 area against the downtrend formed since early april.

mleader1

It's very clear that EURGBP is going to break out, just a matter of when and what level :D I'm setting my buy level at the lowest edge of the descending channel aiming to climb up all the way to 0.862 to even 0.867 (will open target once reaching 0.86. With current weakness in the pound, Euro may also simply breakout in no time. If you are focused in one trade,...