MarcellusLUX

MarcellusLUX

Hello traders, yesterday before the start of the London session, I published an idea on how GBP/USD could start an uptrend. As you can see, price has moved more than 130 pips to the upside since then. 📌In the hourly chart, you can see the formation of strong bullish impulse candles. The three white soldiers pattern can also be observed. 📌Price has broken through...

MarcellusLUX Updated 

Hello traders, GBP/JPY is currently at a very crucial level on the 4Hour chart. Let's look at the chart and analyze it 📌In the 4Hour chart, price is currently just under the dynamic resistance. So far, we have not seen any bearish candles. However, the next candles could be bearish. 📌Price is also at the broken support turned resistance level as I...

MarcellusLUX Updated 

Hello everyone, GBP/USD is on a continuous downtrend after hitting the highs on July 14. Since then, we have witnessed more than 70 days of downtrend. 📌Currently price is in the vicinity of 1.2120 Level. More than 75% of the retail traders are long on GBP/USD, which indicates that it could take a while before price reverses. 📌 The next key level lies in 1.18 ....

MarcellusLUX Updated 

As a trader, I have always looked at the fair value of assets that I am trading. This means I do not get carried away when the price of an asset falls or rises too quickly. This allows me to look for value and trade according. 📌EUR/USD breached the psychological 1.05 mark yesterday. 📌However, if we look closely at the chart, there is a fair demand at this...

MarcellusLUX Updated 

Hello traders, previously, I had recommended selling Gold at the 1940-1950 level. As expected, Gold fell heavily after FOMCH which I already predicted. 📌Currently, the price of Gold is around 1875 level. 📌Yesterday, the bearish impulse was so strong that buying Gold looks very risky now. 📌That being said, a pullback to 1900 or 1920 can not be ruled out. If...

MarcellusLUX Updated 

Hello traders, ever since GBP/JPY was at 185, I had recommended selling with a target of 179( previous GBP/JPY ideas attached below). 📌Currently, the price action is quite bearish even in the hourly chart. 📌GBP/JPY is unable to go above the 100-hour moving average which is a bearish signal. In fact, every time the price pulls back to the 100H EMA, we see further...

MarcellusLUX Updated 

Hello everyone! With BOE rate event happening in a couple of hours, we could see some whipsaw moves in GBP/USD. Here are some key takeaways that will help you trade GBP/USD over the next few days 📌Around74% of the retail clients are net long which means institutions would ideally want to take the price lower. 📌A lot of liquidity is up for grabs below the 1.23...

MarcellusLUX Updated 

Hello traders, yesterday, I mentioned that Gold has a strong chance of falling from the 1950 level after FOMC which is exactly what happened. So, cheers if you made money shorting Gold. 📌Currently, you can notice a strong bearish daily candlestick with a long wick at the top. This candlestick has formed at the top of the price channel. 📌A rejection has also...

MarcellusLUX

The support level in EUR/USD at 1.0640 seems to be holding so far. Previously on my yesterday's idea, I spoke about the support level at 1.0640. So, if this level doesn't break, traders can consider buying EUR/USD @1.0640-1.0650 with SL below 1.06 and TPs at 1.0750 and 1.0840.

MarcellusLUX Updated 

Hello traders, Gold is currently at a very interesting level. Strong moves could happen after the FOMC event which is coming up in a few hours. 📌You can notice a price channel in the daily chart and price is currently at the top of the channel. 📌You can also see the formation of a bearish daily candle in the 100-day exponential moving average level, which is...

MarcellusLUX

Hello traders! USD/JPY is on a continuous uptrend. However, price might reach a strong resistance level from where it could reverse. With BOJ rate event scheduled for tomorrow, this scenario might play out. 📌The area 151.50-152 is a strong rejection zone. Currently, there is not much resistance between 148 and 152. 📌The area 152 also happens to be at the top...

MarcellusLUX Updated 

Hello traders! GBP/USD is in a downtrend for more than two months now. However, that could change very soon. With FOMC coming up in a few hours, a trend change could be on the cards for GBP/USD and other USD pairs. 📌1.2310-1.2325 is the area that I would be looking at for potential reversals. 📌If the level holds and we can see some bullish impulsive candles...

MarcellusLUX Updated 

Hello everyone, EUR/USD has been on a downtrend for the past 8-9 weeks. However, that could change very soon. 📌1.0640 is a support level, from where we have already seen a pullback of about 80 pips in EUR/USD. 📌The next support level lies in the 1.0520 region. 📌If the initial support level holds, buying the dip in EUR/USD with target at 1.0850 is a potential...

MarcellusLUX Updated 

With FOMC coming up later tonight and BOJ monetary policy statement on the early hours of Friday, it is going to be a blockbuster week for GBP/JPY and other Yen pairs as well. To be honest, I would recommend traders to take this week off. However, for those still interested in trading, I am sharing my trading plan. 📌Right now, GBP/JPY looks like it may rise...

MarcellusLUX Updated 

Hello traders! GBP/JPY seems to have found some support near the 182.65 level. 📌Price has not gone below 182.65 despite multiple attempts by the bears to break it. So, 182.65 can be considered a minor support. 📌If the minor support level holds, we can expect GBP/JPY to pullback towards the 4H EMA level near 184 or even 184.70. 📌However, I do not recommend...

MarcellusLUX

Hello everyone, EUR/JPY is struggling to break the resistance level indicated in the 4Hour chart. 📌We have 4 consecutive candlesticks with long wicks at the top. 📌Price is currently below the EMA on the 4Hour chart. This gives us a slight bearish bias for the 4Hour Timeframe. 📌If price continues to stay below the (resistance zone + EMA on 4h chart), we can...

MarcellusLUX Updated 

Similar to GBP/USD, EUR/USD has been on a relentless downtrend for the last few weeks. However, the price is at a very interesting level now. With FOMC event coming up, let us analyze and see if there is a chance for the bulls. 📌EUR/USD is currently around the key level at 1.0640. Price has in fact, shown a small bounce from this key level. 📌If the support...

MarcellusLUX Updated 

Hello everyone! Gold reached a minor resistance level at 1930. It needs to be seen whether we see a pullback at this level. Let's analyze and find out potential entries. 📌At present, we are seeing the formation of a bearish candlestick in the minor resitance level. 📌If there is a formation of further bearish price action in this resistance level, traders can ...