mleader1

mleader1

now trailing in case of tomorrow's volatility takes back all my profits. it should break the current trend line and go further up.

mleader1 Updated 

Downtrend within weekly uptrend channel, however it it doesn't break 132.85 I'll TP whatever and consider a short trade if goes below 132.5

mleader1 Updated 

There's potential upcoming negative news in UK in the coming days, N Ireland & COVID & delay of 21st June. The factors may have already been factored in causing the Friday's sell off, however it may get worse on Monday. If reversal does not happen, I expect the rejection at support to be confirmed. Since is high risk reward, I decided to give it a try. If it...

mleader1

I expect it goes up with its last push before going down hard below 108.58. However i might be wrong since the dollar seems getting some strength from nowhere that supported it's rally recently whilst Yen is also showing its recent weakness. Will only put a small lot size on this one.

mleader1 Updated 

GBP is known to recover fast whenever it gets hit by USD. I expect a short 1-2 day consolidation or retracement on DXY which on the other hand indicates similar action will be reflected on GBPUSD. 1.4076 will be very close to the lower trend line of the downtrend structure within the mid-term uptrend. I'm in general bearish on USD and bullish on GBP so......

mleader1

Dollar is strengthening, how it tackles the inflation I don't know, but after today's rise with no hesitation going back, I expect a short period consolidation or rest. NOTE: I don't trade DXY, just use it to analyze other pairs.

mleader1

I was lucky enough having not pushed myself to take my long trade (and unlucky that I didn't follow to get some profits by selling)! Seller wins. Reversal should have taken place, however I think volume will only kick in on Monday. What an uprising day for DXY!

mleader1

didn't realize I published it in private mode. NOTE: I am not in this trade since it's Friday so I keep playing safe. However EUR/USD if plays within the boundary as I previously drew, I expect it to bounce back up as much as they can :D good luck and remember to manage your risk.

mleader1

NOTE: I'm not in this trade. This is just for my own record. The early entry should be around 1.7055 - 1.7070 and I missed it. Will log it in TradingView just for review.

mleader1 Updated 

To me this is still a buy, EUR got beaten by the US in the past few hours and stopped my last trade out... I've now re-entered in better position. the 1.217 support wasn't visited and uphill resistance has been visited before it went downfall, so surely it will attempt again the 1.211 level. If it sustain above, it can then target higher up to 1.225. Just...

mleader1

If it drops, it will drop hard down to 1.8113 with many obstacles. It's on the uptrend, just finished one bungee so it either needs to take some consolidation which it doesn't look need resting, or straight back climbing up preparing for another bungee from higher ground. NOTE: For safer play, 1.8358, 1.8318. and 1.8300 will be more realistic if it does go up. ...

mleader1

I'm long on this pair.

mleader1

Why am I not giving up ? Still think it's a clear bull move. (BTW, the previous 2 trades I've closed with good profits). Have just entered a new trade with small size. will let it run. GL.

mleader1

sell time again. Wide ranging zone. GBP & EUR are debating. :)

mleader1

It is still ranging, however fundamentally UK going strong and US is suffering from inflation so it should move up sooner or later. possibly 1.45 :D

mleader1

eurusd bounced back up, breaking an interium downtrend created in the past few days; I personally feel there's a potential for EU to go much higher -- if the resistance around 1.22 can be broken.

mleader1

I might be wrong but the current base has been visited more than 4 times in May under the downtrend channel, so unless the EU data comes out significantly positive, I think it's time to go down. trade in. time to sleep and then wake up to check my loss or profit. :D

mleader1

it is in an awkward situation, EU is going to have some high impact news coming out soon, which may push it up hence break the short term downtrend channel; I'm biased bearish EUR so I would love to see it go downhill (to be honest - to save my earlier short trade :D ) Don't follow as it is highly risky and not recommended without seeing a confirmation.