mleader1

mleader1

EU was in a bit choppy move last week but overally it's trending to the upside. On weekly it showed a potential bullish reversal and confirmed with green close last week. So I expect the bullish move to continue this week to reach at least 1.17 if not higher It's RSI on lower times have all reached above 50, including daily RSI. However on 4H it shows modest...

mleader1

AUDUSD has experienced 4 consecutive bullish week, and is on a start of pullback just initiated a few days ago after reaching high of 0.75463 (in challenge of 50MA on Weekly) I expect it to pull back up a little bit on lower time fame (1H) and enter a short trade. Note 1: it did bounce back up multiple times around 0.7455 area, so watch on this pair closely when...

mleader1

DXY has been struggling in the past few days, it has not managed to push higher nor has it managed to go down below 93.496. It formed a double bottom (19th low and 21st low) but didn't enjoy a smoothly upward journey, instead it jumped and immediately got crippled multiple times. It had a brief green moment on Friday after Powell's speech but got dragged back...

mleader1

possible counter trend move to the downside from this point. Price reached to the top of the mini uptrend channel formed early this October, with a possibility of downward movement or consolidation required. Given it's overbought RSI in multiple TF, I put a counter trade in. NOTE: RISKY SETUP. Manage your risk SL: 0.74895 TP: Fib based. Don't be greedy on...

mleader1

AUDUSD surged above 0.733 on Friday but failed to keep the level and retraced back down below, just slightly above 0.73. It's possible that AUDUSD will 0.733 again, and if dollar strength not coming back it can pop-up sooner than expected. However with current mixed US data, FED decision and Australia situation, I expect DXY to maintain above 94 and AUD to...

mleader1

EURUSD didn't take much benefits from Friday's dollar weakness and stuck at 1.157 - 1.158 level. I would suggest to keep an eye on this pair instead of entering - I would prefer to enter short instead of long at current situation, but it will only be RR rewardable when it goes above 1.1617 For me next week I'll be watching it get close to 1.16167 area and...

mleader1

Analysis: GBPUSD attempted to breakout taking opportunity from the disappointing US data and started retrace but lack of sell momentum to go below 1.36. Expect: GBPUSD to attempt breaking up once again, and if it fails once again, I expect it get back down below which is more of a possible scenario from my point of view. SL, TP - in the chart. Trade safely. If...

mleader1

My last week's DXY analysis went completely to the wrong direction. Given it has reached to 94.5 and retraced in the last hours, I expect dollar to continue rise up with everyone expecting better US economy data release later this week. However on the 4H it did show DXY attempted to test 94.5 and failed, on Thursday and started to descend on last Friday, so I...

mleader1

If you missed it, you can enter later if any chance it bounce back up, but definitely not jump in and regret Entry: 0.91662 TP: 0.915 SL: above 4H sell zone, mine is at 0.9171 tight SL but this is a scalp trade, so RR is more important - adjust it higher if you want higher protection TP: 0.915; if you hold, you can target 0.91213 and lower GL

mleader1

GBPUSD reached to a historical buy zone on 4H chart, I entered an instant order for a quick 'long' run. TP: 1.35882 SL: Just below previous buy zone; mine is at 1.35198 RISKY Setup so don't have time to do further analysis. Just scalp. :) GL.

mleader1

EURUSD got beaten down to previous support level, so it's a simple long or never situation and I put in an instant long order right away. SL: below 1.1684, mine is 1.1682 TP: fib based, 1.1735 is good enough Expected pips: 20-70 pips Expected Timeline: max 1 day Disclaimer: Chart does not show future market prices, make sure you adjust your trades...

mleader1 Updated 

If you have missed the long last Friday, try not to enter long as I feel it will retest 1.361 - 1.362 area one more time before heading up. GBPUSD tried hard to break 1.36 area but all ended up with aggressive bounce back up within a few hours time range. I expect a history replay, that GBPUSD hits price around 1.372 - 1.374 and then retest 1.366 before moving...

mleader1

DXY currently is in a 'hard-to-tell' situation as I was expecting it to jump to 93.7 which it didn't manage to achieve last week. However it did achieved 93.524 and fell after retest for the second time hitting exactly at 93.524. So my assumption here is that there's big sellers available at this level that managed to push price down. DXY is still in uptrend in...

mleader1

USDJPY reached to the upper edge of it's ranging channel on weekly, if Japan's economy data not giving a boost, I expect it to respect the trend line and going back downward. RSI on 1H, 2H and 4H all over bought. History shows that  when USDJPY reached overbought, it always followed with decent retracement, so I believe it should follow same pattern. If trend...

mleader1

High risk as it got rejected at high near 1.29 and now has a selling momentum going downward. Reason: It got bounced from key support around 1.2742 during Asia session and if it maintains above the level, it should create a mini double bottom possibility to support the pair to go back higher. SL: below 1.2742 TP: fib based. Immediate target to just below 0.5...

mleader1 Updated 

RISKY: GBPUSD is at lower edge of weekly downtrend channel, after last week's fall a decent correction is due, however with current dollar strength, I for some reason believe it should go down a bit further to test the lows of August and July, hence I'm putting a small lot size to test my theory. Currently GBPUSD is at price near 0.5 recovery of yesterday's...

mleader1

AUDUSD has retraced more than 61.8 percent of its gains since 23rd and now back to a near key support level around 0.72219. DXY has rallied to near over bought levels on lower time frames RSI, so I expect it to have a brief pause. AUDUSD reached to oversold levels on all LTF, and also near the key support which got bounced slightly showing a bit of buying...

mleader1

DXY blasted its further breath in the last few hours and managed to break the 93.18 level which was deemed to be a level that many considers a reversal/head & shoulders/correction were needed. The end of the US session left DXY with nearly no wick on the highs of literally on most time frames last candle - telling all US pairs that "I'm not done...