YourLazyTrader

YourLazyTrader

I have been monitoring USDCAD for quite some time now. 1.3340 area is a pretty strong support level which also happens to be the broken resistance level back in March'2020. So, I believe it's possible for USDCAD to rally up to the 1.3700 area. You can also see a strong bullish impulse in the 4H chart. So, buying between 1.3340-1.3400 with SL below 1.3300 and TP...

YourLazyTrader

In my previous idea, I mentioned that EURUSD will reach the 1.18 level(idea attached below). As you can EURUSD crossed the 1.18 level during the volatility caused by the FOMC meeting. In this idea, I want to look at EURUSD from a seller's perspective. I know many traders have been selling EURUSD for many weeks but they are probably disappointed because EURUSD...

YourLazyTrader Updated 

EURUSD is above the 100 Hour EMA in the hourly chart. As the uptrend is unbroken, the bullish may continue till price reaches 1.18. The rectangular area that I have highlighted in my chart could be a potential Buy Zone. However, if price breaks this area, then we can say that the uptrend has been broken.

YourLazyTrader Updated 

In the hourly chart, GBPUSD is well above the 100Hour EMA which means the uptrend is intact. Right now, I don't want to buy GBPUSD at the current market price because GBPUSD rally looks overextended to me. However, if price pulls back towards the 100 Hour EMA then, I will be looking for a buy entry. The area I have highlighted in my chart could be a possible...

YourLazyTrader

After two consecutive bearish candles on the weekly chart, a correction is looking increasingly probable for the Apple stock. The stock price can drop to the 320 area within the next 2-3 weeks. However, a bigger correction towards the 270 level can not be ruled out.

YourLazyTrader

XAUUSD is in a strong uptrend. However, I do not want to buy at the current market price. I am waiting for a pullback at least on the hourly time frame. If Gold pulls back towards the 100 Hour EMA near 1915, then I will consider buying Gold provided the PA still remains Bullish. Possible target could be the 2000 level if this trade is executed.

YourLazyTrader

EURUSD rallied up to 1.1780 level. However, the recent 4hour candle shows that a pullback may be possible. That being said, I don't advise selling here. We need to see more confirmation before selling this. This week's FOMC may help us get an idea on how the US dollar will move in the upcoming days. Currently, EURUSD rally is overextended. So, a significant...

YourLazyTrader

Recently closed 4H candle in AUDUSD looks like bears have managed to drag the pair lower from the resistance area. A pullback to 0.7040 is possible if the resistance area that I have highlighted in my chart holds. So, there's a good chance to sell and make 100 pips. I have already sold when price moved to the resistance area and currently holding my sell for 0.7040 TP

YourLazyTrader

GBPUSD is trading back and forth within this rising price channel since April 2020. Currently, the price has pulled back from the upper trend line of the price channel. If we can get a bearish candle today, then there's a possibility of a drop back to the 1.2370 level by the end of August. However, if GBPUSD breaks out of the price channel to the upside then the...

YourLazyTrader

Hello traders, in my previous EURJPY idea, I mentioned about selling EURJPY at 124.10 at the resistance area( idea attached below). That trade generated more than 140 pips profit. However, I believe the downtrend is not over yet. There's a good chance that EURJPY will drop to the 122 level. So, look at the lower time frame for bearish price action and sell with...

YourLazyTrader

USDCHF has reached a long-term support level from where it could bounce up. I have already started buying USDCHF with my latest buy at 0.9172. This trade is based on the weekly chart. So, one has to wait patiently to see how this plays out over the course of the next few weeks. I like this set-up because of the good risk/reward ratio and the potential profit will...

YourLazyTrader

EURUSD has continued to rally since mid-March and so far, the rally shows no signs of slowing down. Looking at the bigger timeframe, things seem a little interesting. EURUSD has touched the long-term downtrend line on the 2W chart. Although I don't advise selling this without any bearish price action, Selling EURUSD here definitely looks attractive. 1.1650 to...

YourLazyTrader

3 months ago when Gold was trading around 1500, I published an idea for Gold where I highlighted the 1920 area as the final target for Gold buyers. You can see the idea attached below. As I predicted, the buyers have managed to push the price beyond 1900. Now this area could be where the profit-taking begins. So, watch out for bearish price action in the area...

YourLazyTrader

GBPUSD has reached the previous swing high but so far, price has not broken the resistance level. Some profit-taking can happen here that can push the price towards 1.26 this week. Watch for bearish price action in the resistance level and Sell GBPUSD@1.28-1.2820 with 1.2620 as TP and SL above 1.2850. Be careful as there can also be a fake breakout of this...

YourLazyTrader

USDCAD has bounced from the support area and a double bottom reversal is possible here. Buyers can buy in the support area and target 1.37 as TP1.

YourLazyTrader

Dear traders, EURUSD has tested the 1.16 level as I was expecting as per my previous idea posted here. However, the area between 1.16 to 1.17 is crucial. I can see some US Dollar strength going forward. So, it is quite possible that EUR/USD may reverse here. Wait for bearish price action and sell between 1.1605-1.1650 with SL above 1.17. TPs can be placed at...

YourLazyTrader

US Dollar appears to be gaining some strength after a prolonged sell-off. So, there's a possibility that GBPUSD will reverse to the downside. The area between 1.2750-1.2830 could be considered as a potential reversal zone. Wait for bearish price action and sell with 1.2500 as TP1. Stop Loss can be placed at 1.2850 The above set-up will be invalid if GBP/USD...

YourLazyTrader

AUDJPY has rallied strongly and reached the previous high yesterday. However, it is possible that there could be a reversal in this area. So, watch for bearish price action and sell with 75.50 as TP1 and 74 as TP2. SL can be put at 77.20 The above set-up will be invalid if price closes above the resistance level.