MarcellusLUX

MarcellusLUX

Gold is currently at a key level in the vicinity of 1873. Looking at yesterday's daily candle, it seems that the bulls have run out of momentum. So, there is possibility of a pullback to 1835-1840. On the other hand, if price breaks out of this key level, then the next target for the bulls would be the 1960 area as there is not much resistance after 1873.

MarcellusLUX

GBP/USD is currently at the critical level. The area around 1.42 was instrumental in bringing down the price last time. So, do the sellers have a chance? We are looking for some strong bearish price action in this resistance level, which will indicate the presence of sellers. If strong bearish price action happens here, a sell entry@1.4190-1.4225 with SL...

MarcellusLUX

GBP/JPY is stuck at the upper trend line of the rising channel. Over the last 10 days, price has gone up slowly. However, it has not broken out of the channel yet. So, there might be a possibility for the sellers gaining momentum. But, we need to see a big bearish rejection candle in the upper TL which will provide the much needed momentum to push the price...

MarcellusLUX

Previous idea to sell EUR/USD@1.2173 worked out quite well generating 110 pips profit (idea attached below). Currently, price is still in the resistance level. However, it might have some more uptrend left before a bearish reversal takes place. If there is bearish price action at this resistance zone, selling EUR/USD@1.2160-1.2200 with SL above 1.2250 and TP at...

MarcellusLUX

In my previous Gold idea, I recommended selling Gold@1845 with 1800 as TP. Although price didn't drop to 1800, it dropped as low as 1807 which gave us very good profits with our sell trades. (idea attached below) Currently, price is still at the top of the channel and if we see bearish price action , selling Gold@1854-1860 with 1830 as initial TP would be...

MarcellusLUX

GBP/USD is in a historical resistance level. The recent rally has stopped at this historical resistance. So, there is a possibility of a big correction in GBP/USD. Since, we are looking at the weekly chart, it may take many weeks to play out. Nevertheless, the current scenario gives us a good opportunity to sell GBP/USD at this strong resistance level with a big...

MarcellusLUX

EUR/JPY can correct lower in the next couple of days after this recent rally. Price action is slightly tilted to the bearish side now with two consecutive 4 hour candles turning bearish. A sell entry@ 132.60-132.85 with SL above 133.20 and TP at 131.70 could be a potential short set-up.

MarcellusLUX Updated 

Based on our weekend analysis(attached below), we sold EUR/USD@1.2173 Currently, price is well below our selling point and it looks like the downtrend may accelerate further as we go into the week. Fresh sells can also be executed between 1.2150-1.2175 with SL above 1.2210 and TP at 1.1985 for those who missed the previous sell.

MarcellusLUX Updated 

Hello traders, in my previous Gold idea, I recommended buying Gold between 1760-1767 with SL below 1752 and TP at 1815. As you can see, it was a great buy trade and whoever followed made very good profit(previous idea attached below). Currently, Gold has reached the top of a long-term price channel on the daily chart. So, there might be a correction soon. If...

MarcellusLUX

Hello traders, in my weekend analysis, I recommended selling Gold@1840-1850 with SL above 1860 and TP at 1800. So, if you followed the previous signal, you are likely to have made good profit because XAU/USD dropped to 1817 yesterday. Based on the long-term picture, the price is currently still unable to break the long-term channel resistance. So, selling the...

MarcellusLUX

GBP/USD went up quite strongly over the last few days but yesterday, the bulls took a breather. The rally stopped at a familiar resistance level and based on the current price action, there is probability of a further drop. The short-term support at 1.4105 needs to break for the downtrend to accelerate. If this weakness continues, selling GBP/USD@1.4122-1.4150...

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USD/CAD has been dropping relentlessly over the past few weeks. However, the downtrend has slowed down and a reversal might be on the corner. Price is currently at the multi-year lows near 1.2080 from where a reversal might take place. A long entry between 1.2050-1.2100 with SL below 1.20 and TP at 1.25 is an attractive buy set-up provided some bullish price...

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NZD/USD has printed a bearish candle on the daily chart. The bearish candle has formed at the supply zone. So, the chances of further drop can not be ruled out. If the bearish price action in the lower time frames continue , then selling NZDUSD@0.7270-0.7304 with SL above 0.7735 and TP at 0.7150 would be a possible sell signal.

MarcellusLUX

GBP/JPY has rallied strongly yesterday. However, the bulls are taking a breather now. Looking at the 4 hour chart, you can see that price has reached the channel resistance. If this bearish price action persists, selling GBP/JPY@153.75-154.25 with SL above 154.70 and TP at 150.50 would be a possible sell set-up.

MarcellusLUX Updated 

On the back of US Dollar weakness, EUR/USD rallied more than 100 pips during the NY trading session on Friday. However, traders may look the fade the late Friday spike this week. If we see some bearish price action in the current area, then selling EURUSD@1.2165-1.2180 with SL above 1.2210 and TP at 1.2070 is a potential sell trade.

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GBP/USD has reached the 1.40 resistance level on Friday, However, it has not broken the resistance level so far. So, there is a possibility of a fall in GBP/USD. If bearish price action happens in the resistance level, sell GBPUSD@1.3990-1.4005 with SL above the resistance zone and TP at 1.39.

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Hello traders, in my previous AUD/USD idea, I advised you to buy AUDUSD@0.77. That buy trade generated more than 150+ pips profit( previous idea attached below) Currently, AUD/USD is just above a strong resistance level. It could be a false breakout and price may fall soon. So, I am trying to look for a short-term sell set-up. If we see bearish price action in...

MarcellusLUX

Dear traders, in my previous couple of EUR/USD analysis, I advised selling EUR/USD at the top of the structure(or at the break of the structure near 1.2125- 1.2145 level. As you have seen last week, EUR/USD started falling after touching the 1.2150 level. So, a good 130+ pips trade for people who followed the ideas. Currently, we have big bearish candlesticks...