MarcellusLUX

MarcellusLUX

Hello traders! In my weekend analysis for EURUSD, I recommended selling EURUSD@1.2220-1.2260. ( previous idea attached below) So, I hope you have already got your sell entries and you are currently in profit. Currently, we have yet another bearish daily candlestick with a relatively long wick at the top indicating that the sellers are slowly stepping in. So,if...

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Gold appears to have hit a hurdle in the 1910 level. The bulls are unable to take out the 1910 level and we have some consolidation in this area. At the same time, US Dollar seems to have found some bids. This can lead to a pullback in the price of Gold. If gold continues to struggle in this area then selling Gold@1900-1910 with SL above 1920 and TP at 1845...

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Hello traders, in my previous idea, I recommended selling GBPUSD between 1.4195-1.4220 with SL above 1.4307 and initial TP at 1.3950. (previous idea linked below) If you followed, you are already in 70+ pips profit. Currently, we have got yet another rejection candle in the resistance level. So, the downtrend could accelerate if the sellers step in. Looking for...

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A bullish candlestick has formed in USDCAD and this candlestick may imply a reversal. USD/CAD may have finally bottomed out. Look for buys between 1.2025-1.2070 with SL below 1.1970 and TP at 1.2380. We have already bought at 1.2017 yesterday and we are currently holding the trade.

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Hello traders, in my previous EUR/USD idea, I recommended selling at 1.2250. ( idea attached below). So, if you followed that, you must have made 120 pips profit when price dropped to 1.2130. Currently, EUR/USD is just below the 1.22 key level and the resistance is still intact on the weekly chart. My recommendation is to look for sell entries closer to the...

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Hello traders, in my previous Gold idea I recommended buying the dip near 1860 level.( idea attached below). As you have noticed, Gold has rallied strongly above 1900. Currently, price action is still bullish. So, if Gold bulls manage to take out the minor hurdle at 1910, the chance for a strong uptrend to 1954 will be on the cards. 1954 level, is however a...

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Hello traders, in my previous GBP/USD ideas, I recommended selling GBPUSD in the 1.4210 resistance level ( previous idea attached below). Currently, the price action is neutral in the said resistance level . That being said, we are getting multiple bearish daily candles with wicks at the top which indicates that sellers are still in the picture. So, if this...

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CAD/JPY has reached a multi-year resistance level. It looks unlikely for the bulls to break through this strong resistance in the first attempt. So, there might be a moderate correction soon. A sell entry@91.10-91.60 with SL above 92 and initial TP at 88 could be a possible sell signal based on the weekly chart.

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WTI has rallied strongly over the past few days. However, the rally seems to have come to a halt near the resistance level. Yesterday's doji candlestick in the daily chart indicates that buyers have run out of steam for now. So, the possibility of a deep pullback can not be ruled out. A sell entry between 65.80-66.50 with SL above 67.35 and TP at 61.40 is a...

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EUR/USD bulls are taking a breather for the past few days. Price has been hovering in the 1.2250 level. Looking at the price action, it seem like the buyers are finally running out of steam. So, look for sell entry@1.2250-1.2340 with SL above 1.24 and TP at 1.18. This is a long-term set up. Short term traders can switch to the lower TFs and to get their entry right.

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Hello traders, in my previous GBP/USD idea, I recommended selling GBPUSD in the 1.4210 resistance level( previous idea attached below). Currently, the bearish price action is gaining momentum in the said resistance level. We are getting multiple daily candles with wicks at the top which indicates that sellers are slowly gaining control. So, if this bearishness...

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NZD/USD has spiked up after the RBNZ meeting. Market participants reacted positively initially and hence, NZD/USD has spiked up to the resistance level. However, the spike may be faded very soon. Price has reached a strong resistance level and it seems like the bulls might not be able to break it. So, based on bearish price action, sell NZD/USD@0.7301-0.7320...

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Previous idea to sell EUR/USD@1.2440 worked pretty well as price dropped more than 80 pips from there. Currently, EUR/USD is at 1.2180 after the pullback last Friday. As you can see from the chart, EUR/USD is facing some resistance in the 1.2250 supply level. So, if the resistance continues to hold, there is a possibility of a deeper pullback. My...

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Gold is in a a strong uptrend. So, any kind of pullback would be a buying opportunity. The next level of importance in Gold lies at 1955 and there's not much of a resistance between the current price and 1955. So, the path of least resistance is to the upside. My recommendation is to treat any pullback as a buying opportunity especially if Gold pulls back...

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GBP/USD bulls tried to break the 1.4230 resistance level but failed to do so. So, there is a possibility of a drop in GBP/USD in the coming days. The last daily candle is a bearish one with a long wick at the top. So, for the time being, the sellers have gained control. If this continues, there is a likelihood of GBP/USD reaching 1.40 or even lower in the next...

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GBP/JPY is struggling to break the channel resistance. Multiple rejection candles have formed in the channel resistance area. So, there is a likelihood of a drop in GBP/JPY. A sell entry@154.20-154.70 with SL above 155 and TP at 150.30 could be a possible sell signal if the bearish price action gets stronger.

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This is a continuation of my previous Bitcoin idea published on 12 May, 2021 when I recommended selling Bitcoin. Price was 57K USD then. Currently, price is at 39K. So, a 31% drop since I publish the previous short idea. However, the downtrend is far from over. Although, the drop looks too fast and too quick, the final target for us remains below 10K by...

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EUR/USD is approaching the key level of 1.2250. Currently, there is no hint of bearish price action. So, sellers might want to switch to the lower time frames and look for bearish price action. If bearish PA happens at this key level, then there is a good chance of a pullback to 1.21 level. Note that, in case price breaks out strongly from the current 1.2250...