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Lehforex

CHFJPY hit towards strong trendline, push towards highI have a bullish analysis on the current structure CHFJPY has made so far, price is at a somewhat strong trendline. we'll enter the buy now as the spinning top candle that was just formed looks promising. If we get a breakout of the trendline within the next 12-24 hours, the trade will not be valid anymore and we'll close it to start the bearish trend towards the low. CHFJPY BUY start: 112.293 stop loss: 111.943 take profit: 113.952
Long
by mrleh
EURNZD on downtrend confirmed but reversal imminent? With EURNZD, we have good potential for buys but there seems to be a little backlash if we get into the buy now. Price just broke the key area of 1.70479 and retested that key area on the hourly timeframe. Though looking at the bigger picture, I slapped on a Fibonacci and a strong key area box and we have price reversing towards the high at the 50% fib. This is a good indication of the buy continuation yet the closest key area is already retested. What we'll do is put a BUY STOP position so we can wait for the price to break up past the key area and continue up. Good luck EURNZD BUY STOP start: 1.70542 stop loss: 1.70137 take profit: 1.71868 Want to keep up to date on trades? Join the group Community on Telegram: t.me
Long
by mrleh
Natural Gas on it's way for one more push towards the high?Never traded natural gas before but price currently is at a very strong support area and the ascending trendline. This trade is more based on the history of the commodity, an idea. A long term trade that has the potential for 2000 pips or a loss of 200 pips. Why is the target all the way up there? Well in you back on the daily/weekly charts, price moves up and down within a sort of channel downwards. It looks like price might make one more big push towards the top of the channel and again push towards the low again. We'll see how it plays out over the next couple of months. NATGASUSD BUY LONG TERM start: 2.298 stop-loss: 1.841 take profit: 4.557 use small lot size, hold long term Want to be updated live? join the community on Telegram: t.me
OANDA:NATGASUSDLong
by mrleh
XAUUSD BUY OR SELL? Here's what'll happenXAUUSD is in a bit of a rough spot, currently in the downtrend off the reversal and now we wait for another trade to come our way. Very likely it will go as the marked-up chart. it'll push towards ethier the weak or the strong key area and make a third top in the M structure or it'll break through the key area and continue plummeting. All in all, we'll have to wait for confirmations for the buy or the sell. XAUUSD moving exactly how we wanted it. towards the downside, hitting the key area. Price has yet to hit the key area so we'll wait. Wait for a reversal candlestick pattern or a break of the key area.
FX:XAUUSD
by mrleh