Muchangi

Muchangi

As for XAUUSD I expect the pair to close higher this week with the weekly candle testing yearly highs at 2715.The question is how high do we go, and what price should serve as our entry point.2700 serves as one and 2690 serves as the next price poi.

Muchangi

We are onto new highs for Gold with the metal testing new highs during earlier sessions. Next price which serves as POI is 2615 which I expect the bulls to challenge during the NY session. As for GBPUSD we are witnessing a ranging dollar and it seems traders are undecided on whether to push it higher to 115 or continuation of the correction from last week's new...

Muchangi

This should be easy, because one trading before news release is risky because you'll be at a disadvantage against other players like your broker. I have set my alerts at 2700 because I believe that is this week's POI. A clean break above that level takes us to 2615 and a a retest of last week's high without a clean break will set us back to 2660 price

Muchangi

Welcome back to my trading page ,it's another week to reap some rewards.I am well aware markets open on Monday and probably many of you have made money already or not.Having been away for two trading days I have missed a lot but not really of a loss. On Monday we did not have any impactful news and as the norm we created the weekly dealing range on most pairs,this...

Muchangi

When there is a storm in the sea, the fisherman does not sleep but rather mends his nets and boats in readiness for when the storm passes.Never stop trusting your strategy ,just be dynamic with it and eliminate the cons of your plan and work with the pros...eventually you'll have a working plan where you reap pips as rewards.

Muchangi

When there is a storm in the sea, the fisherman does not sleep but rather mends his nets and boats in readiness for when the storm passes.Never stop trusting your strategy ,just be dynamic with it and eliminate the cons of your plan and work with the pros...eventually you'll have a working plan where you reap pips as rewards.

Muchangi

Everytime I come to this app, there is something clear in my mind. I come with a well managed plan, and controlled risk.When the fisherman is not fishing then it's time for him to repair his nets and during the weekend we take this time to make plans for the upcoming week.

Muchangi

We are at tp for Gold and GBPUSD. Dxy is strong from recent unemployment data released an hour ago. Gold is trading @ 2680 at time of writing and GBPUSD and EURUSD just witnessed a 100 pip sell off.

Muchangi

No major news with today being a bank holiday in the US which affects the DXY ( Dollar Index).I do not expect sharp moves heading into the NY session with majority of the big players waiting for tomorrow's financial readings so as to understand better the current economic health in the states.Today looks like a continuation of yesterday's trend with the dollar...

Muchangi

No major news with today being a bank holiday in the US which affects the DXY ( Dollar Index).I do not expect sharp moves heading into the NY session with majority of the big players waiting for tomorrow's financial readings so as to understand better the current economic health in the states.Today looks like a continuation of yesterday's trend with the dollar...

Muchangi

Given current price rally in pound and euro after a weaker dollar as the week started. I see price going higher during the NY session to record new highs of the week @ 1.26 as we await further fundamental data towards the end of the week

Muchangi

Given current price rally in pound and euro after a weaker dollar as the week started. I see price going higher during the NY session to record new highs of the week @ 1.26 as we await further fundamental data towards the end of the week

Muchangi

The chart above is a photographic reference to the Xauusd idea posted .Analysis on the 1H chart.

Muchangi

The chart above is a photographic reference to the Xauusd idea posted .Analysis on the 1H chart.

Muchangi

First I take note of my OHlC levels with today's Open being 2639, our High at 2649 and Low at 2625 respectively. Given today's bearish trend there's a bearish FVG on the Hourly chart which also serves as the point where price broke a leg lower today. With that being put across ,I'm looking to trade lower during NY or retest London's low with my sell limit placed...

Muchangi

We have pending news on the Canadian Dollar today which have my interests turned towards USDCAD. I'll be on the lookout for a buy if the liquidity generated by the volume of traders at the time drags the pair's price to my POI around the 1.36300 . If we indeed get there I'll wait for confirmation if bulls will take over. It's all in adi patience.wagwan.

Muchangi

The current price is hovering around the hourly support at 183.400.Based off price action I expect a correction to the 185.000 zone. Let's wait and see whether we can get that buy.

Muchangi

As we can see GBPJPY pair is trading along a bullish channel .For the past week ,the bears had control. For the coming week we should see further drop till the support zone along the trend line then it should swing back...i expect this pair to be bullish.