YourLazyTrader

YourLazyTrader Updated 

In my previous EURUSD ideas, I have been telling you to buy it since 1.1700 levels and I also mentioned price will reach 1.19 level( see previous idea links attached below) As you can see, price reached 1.19 level yesterday. However, it reversed from the 1.19 level creating a double top formation. If the bears can maintain their hold on this pair, it is...

YourLazyTrader Updated 

In my previous #GBPUSD idea, I told you to buy at the 1.3030 level and target the 1.3150 level( idea link attached below). As you can see, price reached the 1.3150 level yesterday. However, GBPUSD pulled back from that level possibly creating a Double top formation. If #GBP/USD stays under the resistance level that I have marked in my chart, it is possible...

YourLazyTrader

#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart. However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a...

YourLazyTrader

In my previous #AUDUSD idea, I told you to buy at 0.7100 level and target the 0.7220 level( idea links attached below). That trade played out perfectly and my TP reached yesterday. AUD/USD has currently pulled back from the resistance level around 0.7230. If price stays below the resistance level, it is possible to see a small correction towards the 0.7130...

YourLazyTrader Updated 

In my previous EURUSD ideas(idea links attached below), I highlighted the support zone that sits in the 1.1690-1.1720 area. As I predicted, EURUSD went up almost 100 pips from my highlighted support area. Price is also above the 100H EMA and the overall market structure is Bullish. So, I am expecting a continuation of the uptrend till the price reaches 1.19...

YourLazyTrader Updated 

EURJPY market structure remains Bullish and price is above the 100H EMA. So, a continuation of the uptrend is expected. I would be looking to buy the dips near 124.30-124.65 with SL below 124 and TP at 126. Watch the area that I have highlighted in my chart. Buying here carries the lowest risk because your TP would be big and the SL would be small. Watch...

YourLazyTrader Updated 

It looks like GBPJPY's uptrend will continue. However, buyers must be careful and watch the 138 area. The price must stay above 137.80 level, which is the confluence of the 100H EMA and the support level. If price stays above the support level, then we can expect a continuation of the uptrend to 139.20 level. I have already bought at 137.85 and currently...

YourLazyTrader Updated 

Gold has created an ascending triangle pattern in the hourly chart, which is a Bullish Pattern. The overall market structure is Bullish which means that the uptrend is likely to continue. A strong break of the minor Resistance at 1780 will accelerate the uptrend towards 2000 and 2025. The rectangle I have highlighted in my chart can be a possible Buy entry....

YourLazyTrader Updated 

AUDUSD market structure is bullish. Price is also above the 100-period EMA on the 4H Chart. Price bounced up from the previous low. It is likely that the uptrend may continue to 0.7220. I have already bought at 0.7100 and would be looking to add more buys if the price dips towards the buy area again. My TP is 0.7220 and SL is at 0.7047. Expecting a continuation...

YourLazyTrader

In my previous Gold ideas, I mentioned that Gold will break out of the ascending triangle pattern and reach 2025 and I advised you to buy the dips(idea links attached below). As you can see, price broke out of the ascending triangle and easily reached the 2025 level and went on to touch ATH at 2030 . Remember that the ascending triangle pattern formed after an...

YourLazyTrader

GBPUSD has managed to stay above the crucial 100H EMA, which implies that the uptrend is still intact. The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200. The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060...

YourLazyTrader

EURUSD market structure looks bullish in the hourly chart. Price has moved back above the 100H EMA. There is a possibility of uptrend continuation. The support level at 1.1690 is also intact. If the price consolidates and stays above the 1.1770 level, then further uptrend towards 1.1900 can be expected. I would be looking to buy if price dips again...

YourLazyTrader

GBPUSD reached very close to the 1.32 level but pulled back very sharply during the NY trading session on Friday. Looking at the daily chart, GBPUSD's rally looks overstretched at the moment. So, it's likely that we can see a deep pullback in GBPUSD over the next few days. However, we need some more confirmation before selling this. Price is still above the...

YourLazyTrader

In the short term, GBPJPY looks like it will reach 139.60 area. After reaching that level, there might be some pullback or a short term reversal. Right now, the price action still supports the buyers. If you look at the 15minute chart, you can see that Friday's end of NY Session bearish move is a temporary pullback. So, it is quite likely that GBJPY will reach...

YourLazyTrader

Gold's uptrend is intact and the pullbacks should be viewed as buying opportunities as I have mentioned previously in my ideas. Currently, the 1980 level is offering some resistance but a bullish breakout looks very likely. If you look at the chart, you can see that price is creating Higher Lows(HLs) on the hourly every time it pulls back from the resistance...

YourLazyTrader

EURUSD pulled back on Friday and currently the price is sitting at the 100H EMA. This area is important to determine the direction of the next move this week. If the price stays above the 100H EMA area, which I have highlighted with the circle in my chart, it is possible that EURUSD will reach the 1.19 area once again. On the other hand, if price breaks this...

YourLazyTrader Updated 

After the drop to 135 last week, GBPJPY has rallied up to the 136.60 level which is also the previous high. The rally has happened within a micro price channel which often leads to exhausted bulls. If GBPJPY reverses from this resistance level then there's chance for another drop. However, I don't advise selling it now . Instead, wait and see if a couple of...

YourLazyTrader

USDJPY is currently consolidating at the crucial 105 level. The downtrend appears to have come to a halt as of now. Note that 104.60 level is very strong support on the weekly chart from where USDJPY has reversed to the upside multiple times in the last few years. If the buyers can keep the price above this level then there's good chance that USDJPY will go to...