Muchangi

Muchangi

Alot has happened in the last 48hrs. POTUS comments on US trade tariffs which jolted the dollar index lower below the 108 mark.This changes my earlier analysis where we had a weak GBP.So today we are buying to new weekly highs @ 1.24

Muchangi

Currently reviewing my positions ahead of New York open less than 2 hours from now. I expect BTC to trade even higher for today and tomorrow as price rallies towards the liquidity zone located higher at 109,000 which is the new ATH.

Muchangi

The week started strongly despite the day being a bank holiday.I had my stop loss triggered at 10 pips from entry but executed another sell order higher at 1.23000. RR is 1:2 and expect price to go down to 1.22000. For XAUUSD, we are currently in an uptrend as gold remains to trade higher and the same goes for BTCUSD.

Muchangi

As stated earlier today we have the swearing in of US president elect Donald Trump which is scheduled for New York AM session. Today being a Monday ,we normally have the market ranging but for today we will be looking at the market differently. Market could be volatile during those hours and I expect price swings which could affect your account positively or...

Muchangi

Crazy moves for BTC on the weekend ahead of Trump's inauguration ceremony later today. Let's be patient and wait for the market to give us clear direction as it's only the start of the week.

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.