mleader1

mleader1

EURCHF similar like CADCHF is at an important sell zone at the moment, will there be enough supply to break the mini uptrend line? I believe so :) Will keep this trade open till SL or end of Friday. SL: at top edge of the sell zone TP: fib based, but not being greedy (I guess I'm not!), you can set 1.0777 if that's more satisfying This week continued...

mleader1

GBPUSD may pump up a some decent pips int he next few hours (if it doesn't break the mini falling wedge as shown) in the next hour SL: below the trend line TP: below 4H 50MA, go trailing stop as early as you need since it's a risky setup. Current day trend is downtrend. GL.

mleader1

USDCHF entered into a well established mini-sell zone (weekly resistance), since it has a rally of 5 consecutive daily rise, a timely rest will be reasonable (although risky considering the mighty dollar strength in the past few days) SL: slightly above the sell zone - be aware it can be much higher considering it's a CHF pair and weak gold performance this...

mleader1

CADJPY has arrived at the lower end of sell zone 87.85 - 88.09 within the bearish pennant, which is a great opportunity for selling. Enter short trade at higher price if you believe price will still move higher, I entered at 87.89 SL: higher end of the sell range or higher than the upper trend line. TP: Fib based, expecting it to break lower, but don't be...

mleader1

GBPCHF has reached to its resistance level from which I expect it to go down a bit. It's RSI on lower time frames are also overbought, which gives potential day-trading shorting opportunities. If you have missed only enter if it bounces back but below 1.27, anything below 1.27 as sell entry from my point of view is risky. SL: above daily 100MA TP: fib based,...

mleader1

GBPJPY has reached to a level close to its previous strong resistance range which will drive it going downward for quite some distance. At the moment, it is sitting in the middle of daily 50MA and 100MA, with strong buying RSI above 55, so the uptrend strength should be able to drive the pair higher reaching target price 153.388 (you may want to set it at...

mleader1

high risk setup here as USDJPY may continue to rise instead. I see currently USDJPY is forming a bullish flag which it has just reached to the top end of the channel, I personally would consider it a flag if it takes one more round return journey before breaking the channel moving up. Considering DXY may need a bit consolidation period this week, I think it has a...

mleader1

AUDUSD has reached to it's recent higher lows at risk of creating lower lows, DXY has had it's victory on last Friday so it might just need a little break, allowing AUDUSD to rise to the mid range of a possible bearish bearish flag I'm going to sell if AUD can rise up to the price point, and looking to see it sink below at least 0.734 SL: above daily 200MA TP:...

mleader1

DXY had its final victory on Friday after a roller coaster alike days of moves last week. What I think is that it has reached to a temporary level of bottom and now should continue up after a few days of consolidation before heading further north for at least next few weeks. For this week I don't see any major economical data that can influence the US movement,...

mleader1

Reversal or not, GBPUSD is on the way to give 1.4 another try. I do not expect GBP to give 1.4 attack immediately in the next few hours, but it does move successfully and close above 1.396 I would still consider there'll be many changes for the coming days (in my opinion close above 1.392 gives sufficient support for further moves, going back down will certainly...

mleader1

EURUSD currently is at the near bottom of the ranging channel formed since Oct, 2020 so there'll be another fight before it decides either going south or north ( and I personally believe a reversal of recent downtrend will give a northern light to the journey) Setup concept, expecting it to go up as mentioned above. falling wedge on hourly formation so expecting...

mleader1 Updated 

EURGBP has been supported by Eruo strength and reached close to the upper end of the downtrend channel again, it can either break out, or go back down - for now I believe it probably need to collect more fuels so going back down it is considering the downtrend channel having been well established. SL: above 0.85536 which is close to the daily 20MA, I set it...

mleader1

USDCHF was so close to break out this morning, and then being dragged back down cruelly. Going downward it has very strong support base just right underneath it 1.905x and multiple MA levels on multiple time frames, so what else do you expect from here then... :) SL: below 4H 20MA, 2H 50MA TP: below 4H 50MA Not much input into this so I'm only having small...

mleader1

GBPNZD is dancing at the lower end of uptrend channel at the moment, if no meltdown happens today from the UK data and news, I expect it going back up. SL: below the trend line, you can move it even lower if equity allows. I believe I've given enough - if it goes lower, loss is acceptable. TP: Fib based, depending on the news, it can go higher if not going...

mleader1 Updated 

similar like GBPUSD I'm expecting EURUSD to go backup and retest 1.888. EUR is much weaker in performance from my opinion, so it might face much more influence from the US side. Going down below 1.185 would be something serious for bulls which it did happen yesterday, and I hope it won't happen again today - similar to GBPUSD, if it does drop below 1.185 I will...

mleader1 Updated 

GBPUSD quickly recovered from yesterday's sell off when it reached near 1.383 and stayed above 50MA during Asia session. I might be wrong but expect it continue to rise to firstly break 1.3938 and then retest 1.3981 HOWEVER, it if goes below 1.390 again I will lose my heart on this pair and stop trading on it for a week as from that point, I would consider...

mleader1

today's consolidation leaves me believing an upward movement in collecting fuels (so is GBPUSD) I'm having a bold attempt to setup this trade 0.5 lot with tight SL and trailing, aiming much higher return SL: just below today's lower edge trend line I drew - it's extremely tight, so I might be simply wasting my money :D let's see TP: fib based, but can go...

mleader1

EURUSD has a much clearer uprise potential comparing with GBPUSD However Friday's it's battered down by US dollar same way like the pound and the uptrend formation was short lived. I would watch the next day or two's market move closely to decide whether it will continue it's journey to the north. For now, I expect the euro to go down a bit, the safe entry...