MarcellusLUX

MarcellusLUX

Hello traders! In my last week's EUR/USD ideas, I recommended selling EURUSD@1.2180-1.2208 If you followed me, then you should have bagged very good 100+ pips profit from the sell trade. (previous idea attached below for your reference) Currently, price is on it's way towards the support line of the minor price channel. So, there might be a pullback soon. ...

MarcellusLUX

Hello traders! In my last week's Gold trading ideas, I recommended selling Gold@1902. If you followed the idea, you made a killing when Gold dropped to 1875. (Previous idea attached below for your reference) Currently, from the long term perspective, I still see a chance of further drop in Gold. But, I do not recommend opening sell trades at the current market...

MarcellusLUX

GBP/JPY couldn't break the descending trendline resistance and currently, price is on it's way to the 154 level. Sellers who sold at the resistance, can continue to hold their sells and target the 154 level as initial TP. Fresh sells can also be executed if price reaches the 155 level once again.

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Hello traders, in my previous NZD/USD idea, I advised selling NZDUSD@0.7301-0.7320. If you followed that idea, you have certainly made close to 180+ pips profit. (previous idea attached below for your reference) Currently, NZD/USD is back in a support zone and although I am not so bullish on this pair, I still think there is moderate chance for a pullback to...

MarcellusLUX Updated 

AUD/USD has made a modest recovery after last week's drop. However, currently, the price is struggling at the channel resistance. Price is also below the moving average on the 4H chart which is negative for the bulls. So, as long as price is below the channel resistance, selling AUDUSD@0.7740- 0.7765 with SL above 0.7780 and TP at 0.7640 is a sell idea.

MarcellusLUX Updated 

Hello traders! This idea is a continuation of my previous sell idea where I recommended selling EURUSD@1.2185-1.2208. So, traders who followed are already in profit. (Previous idea attached below) Currently, I have switched to the daily chart and you can see that yesterday's daily candle has a long wick at the top which indicates sellers have the upper hand...

MarcellusLUX

Hello traders, in my previous idea, I advised selling Gold@1895-1910 and then entered sell at 1902 level. So, if you followed my idea and updates, you are already in very good profit. (Previous idea attached below for your reference) Currently, Gold is still struggling to break above the resistance. In fact, multiple bearish daily candles have formed in the...

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CHF/JPY is currently struggling to overcome the resistance at 122.50 area. The last few candlesticks on the 4H chart indicates some bearishness. So, based on this bearish price action, traders can consider selling the the resistance with initial target as shown by the arrow marked in my chart.

MarcellusLUX Updated 

This is in continuation to my previous idea where I advised selling EURUSD@1.2180-1.2200. In the hourly chart, I have noticed a mini price channel. Based on this, a drop towards the lower end of the price channel is expected. With US dollar gaining strength across the board, I would recommend selling the rallies in EURUSD@1.2180-1.2208 with SL above the...

MarcellusLUX Updated 

It seems like USD/CHF is consolidating in the hourly chart and there might be a rebound to the upside soon. Based on the hourly chart, buying USDCHF@0.8955-0.8970 with SL below 0.8930 and TP at 0.9050 would be a possible buy set-up.

MarcellusLUX Updated 

The area around 1910 has proved to be a tough resistance for the bulls so far. Currently, there is a clear absence of bullish price action. US dollar is consolidating and slowly gaining strength across the board due to Fed tapering related concerns. The rise in inflation also might be a reason why investors are starting to price in an early move by the Fed. Thus...

MarcellusLUX Updated 

There has been a modest recovery in EUR/USD over the last couple of trading sessions. However, if this resistance level remains intact, the recovery might be short-lived. If price doesn't break above 1.22, there is a chance to sell EURUSD@1.2180-1.22 with SL above 1.2250 and TP at 1.2080.

MarcellusLUX

USD/JPY looks like it is on it's way to the channel bottom after reversing from the channel top. So, if bullish price action occurs at the channel bottom then there is a chance for the buyers. I would recommend buying USD/JPY @108.90 with SL below 108.40 and final target at 110.40.

MarcellusLUX

USD/CAD appears to be bottoming out. Hence, a buy at this stage looks quite attractive. If price continues to hold above 1.20, a buy entry@1.2040-1.2070 with SL below 1.1980 and initial TP at 1.2250 would be a possible buy signal .

MarcellusLUX

Hello traders! My previous idea on EUR/USD gave us 120+ pips profit as I recommended opening sell @1.2220 and price dropped to 1.21 level. (previous idea attached below for your reference) Currently, price has made some recovery but in the hourly chart, the moving average is tilted towards the downside. So, I recommend opening sell trades between 1.2170- 1.2205...

MarcellusLUX

Hello traders! My previous idea to sell Gold@1900-1910 was a huge winning trade as Gold dropped to 1854. I hope you made money from that idea. (Previous idea attached below for your reference) Currently, Gold is near the 100 period moving average in the hourly chart. Price seems to have found some resistance near the 1895 level. So, if this level is...

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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). So, you might have earned 130+ pips profit when GBP/USD dropped to 1.4080 last week. Currently, the GBP/USD bulls have not been able to break the 1.4230 resistance. So, a moderate pullback towards...

MarcellusLUX

GBP/JPY ended the previous week on a bearish note and the bearishness may continue in the upcoming week as well. The 156 level is a strong historical resistance for GBP/JPY and thus it makes sense for a correction to happen from this level. Watch out for selling the rallies in GBP/JPY possibly near the 155.50 level with SL above 156.60 and TP at 150.