YourLazyTrader

YourLazyTrader Updated 

Dear traders, Gold is currently at a critical level. The price of Gold is hovering around the 100-hour moving average. As the hourly EMA is considered an indicator of the short-term trend , we can consider the 1915 level as a key level for Gold. If the bears break this level, and price falls below the highlighted area in my chart, expect further decline in...

YourLazyTrader Updated 

Dear traders, GBP/JPY is on a strong uptrend for many weeks now. However, the uptrend seems to have lost momentum in the last few days. The current scenario can be compared to that of a melt-up. However, if the bears step in now, expect a quick fall in GBP/JPY. Watch out for a bearish price action to sell and expect price to fall to at least 172. Price is very...

YourLazyTrader Updated 

Dear traders, in my previous AUD/USD idea, I mentioned selling at 0.6720. That idea resulted in 120 Pips profit. Currently, AUD/USD is in a pullback phase after touching 0.66. Note that the area around 0.6692 is a dynamic resistance zone. So, if price struggles at this level, traders can consider selling at 0.6692-0.6702 with SL above the resistance and TP at 0.6475.

YourLazyTrader Updated 

Dear traders, in the 4hour chart of EUR/USD, we are seeing the formation of multiple bearish candlesticks. Looking at the price action, it seems like EUR/USD will drop to 1.0870 again. So, short-term traders can consider a sell trade in EURUSD@1.0960-1.0975 with SL above the resistance and TP at 1.0873

YourLazyTrader Updated 

Dear traders, in my previous idea I recommended about selling Gold at the 1955 level. As you have already seen, price dropped to 1910, a gain of more than 450 pips. Currently, there is the possibility of a potential double bottom formation in Gold if the minor support level at 1910 holds. Gold could rebound to 1940 level. So, if Gold doesn't fall below the...

YourLazyTrader Updated 

Dear traders, GBP/USD is currently in a consolidation phase. Price is moving in a 60-pip range between 1.2696 to 1.2758. Short-term traders can take advantage of this and consider scalping this range. However, long-term traders need to wait for a breakout. Keep in mind that the price is still above the 100 EMA on the 4-hour chart. So, the bias is still tilted...

YourLazyTrader Updated 

Dear traders, GBP/JPY is on a relentless uptrend for many days now. The current scenario can be compared to that of a melt-up. However, if the bears step in now, expect a quick fall in GBP/JPY. Watch out for a bearish price action to sell and expect price to fall to at least 170. Price is very over-extended from the EMA so, I do not recommend any long entries...

YourLazyTrader

Dear traders, AUD/USD has pulled back a bit after dropping to 0.6665 level. However, it seems like the current pullback is about to end. Price is struggling to cross the 100-hour moving average which is acting as a dynamic resistance in AUD/USD . So, my recommendation is to sell the rallies in AUD/USD. The short-term target would be 0.6670. If the minor...

YourLazyTrader Updated 

Hello traders, we are seeing the formation of a resistance zone in the 4Hour chart of GBP/JPY. However, price is being supported by the 181.10 level. Bears need to take out the 181.10 level to accelerate the downtrend. There is potential for a 530 pips sell in GBPJPY as price is likely to hit 176.24 as long as the resistance zone holds.

YourLazyTrader Updated 

Dear traders, Gold is currently in no trader's land ;) which means Gold is currently at a congestion zone from where price could break out either way. On the 4Hour chart, we can see the formation of descending triangle pattern+ failure to break the dynamic resistance. A combination of the two factors gives us a bearish bias . On the daily chart, however, Gold...

YourLazyTrader Updated 

Dear traders, EUR/USD has struggled to break the key level of 1.0970. We are seeing the formation of consecutive bearish candlesticks on the daily chart. So, if the resistance level continues to hold, we can expect a moderate pullback in EUR/USD to 1.08 level. I will be looking for sell entries in the 1.0960 level if bearish price action takes place .

YourLazyTrader Updated 

Dear traders, in my previous EUR/USD ideas I recommended you to buy with initial target at 1.0970. As you can see, price reached my buy target last week. Currently, EUR/USD has pulled back from the broken support possibly turned resistance level as indicated in the chart. We are also seeing the formation of a long-legged doji in the daily chart . So, a...

YourLazyTrader Updated 

Dear traders, it seems like GBP/USD uptrend might finally be slowing down. Post FOMC, price might have done a false break of the upper trend line . So, if that's the case, we can expect GBP/USD to decline in the next few days . Potential targets for the sellers are 1.27, 1.2580 and 1.2390 eventually.

YourLazyTrader Updated 

Dear traders, after the strong rally in the past few weeks, GBP/USD is struggling to advance any further. On the daily chart, we are seeing the formation of a bearish reversal pattern. To further strengthen the bearish price action, we need to see the formation of bearish candlesticks in the lower Timeframes as well. So, if the price continues to struggle at...

YourLazyTrader Updated 

Dear traders, in my previous idea, I recommended you to buy Gold at 1930 level. That trade gave us more than 270 pips profit. Currently, if you switch to the daily chart, you can see that Gold is giving conflicting signals. One one hand, we are seeing the formation of a big bullish candlestick at the 100day EMA, which is a bullish signal . On the other hand,...

YourLazyTrader Updated 

Dear traders, AUD/USD has been in a relentless uptrend for the last 2 weeks or sell. Post FOMC, Price spiked up rather quickly. However, it is possible that the spike was a melt-up scenario and AUD/USD may have reached the top. So, in case the resistance level at 0.69 holds, we can consider a potential sell set-up in AUDUSD@0.6880-0.69 with SL above the...

YourLazyTrader Updated 

Dear traders, GBP/JPY is finally showing some bearish signs on the 1Hour chart after a huge bullish rally. So, there could be some short-term pullback in GBP/JPY. In the 1 hour chart, the price is very overextended from the hourly moving average. So, there could be a pullback to 178.80 level. If price continues to struggle at the resistance level highlighted...

YourLazyTrader Updated 

Dear traders, similar to other JPY pairs, USDJPY has also rallied heavily in the past few days. However, in the hourly chart, we are seeing that UJ is turning bearish with 141.90 level as the resistance. I have already sold at 141.82 and currently holding my sell with a TP at 140.70. SL has been placed above the resistance zone highlighted in my chart .