YourLazyTrader

YourLazyTrader Updated 

Dear traders, in my previous Gold ideas, I mentioned about selling Gold@1966-1970 with target at 1935, As you can see, people who sold with me made more than 300+ Pips of profit. Currently, Gold is at a minor support level, which is the last chance for the bulls to hold the price. If the bulls doesn't manage to defend this level, we will see 1920 and 1890 in the...

YourLazyTrader Updated 

Dear traders, for the last 2 weeks, EUR/USD is forming a base in the 1.0650 level. We have seen a long consolidation at this zone and now, price is slowly moving to the upside. 1.0780 is the first challenge for the bulls . If this key level is broken by the EUR/USD bulls, expect a strong rally to 1.09 and 1.11 eventually as the path of least resistance is to...

YourLazyTrader Updated 

Dear traders, EUR/USD has finally broken through the 1.0780 resistance level that I have been talking about in my previous ideas. Also note that price has broken and settled above the dynamic resistance in the 4Hour chart . So, the confluence of these two factors give us a bullish bias in EURUSD. That being said, we have US CPI data in a few hours which might...

YourLazyTrader Updated 

Dear traders, EUR/USD is steadily moving up after consolidating at the 1.0673 level for the past few days. If you look the chart, you can see that the path of least resistance is to the upside. That being said, I do not recommend buying EUR/USD at the current price levels. In case we get another dip to 1.07 or lower, it can be considered as a buying opportunity...

YourLazyTrader Updated 

Dear traders, EUR/USD has been struggling to break the 1.0785 level for the last 12 hours. If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion zone that I have highlighted in my chart. So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down to the 1.0720 level . Short-term traders...

YourLazyTrader Updated 

Dear traders, after the FOMC event yesterday, GBP/USD pulled back from the highs. If we look at the daily chart, GBP/USD has not managed to break the resistance level so far. So, we can continue to look at the price action for a couple of days. In case price doesn't break the resistance level and we see the formation of bearish candlesticks in the resistance...

YourLazyTrader

Dear traders, AUD/USD is back in the resistance level. So far, price has not broken the resistance level. So, if AUD/USD doesn't break the resistance level and bearish price action strengthens at this level, then selling AUD/USD@0.6820 with SL above the resistance level and TP at 0.6585 would be a potential sell set-up .

YourLazyTrader Updated 

Dear traders, as I mentioned in my previous idea GBP/USD is slowly moving towards the 1.2680 resistance level. So, it would be better to wait and watch the price action at this level before executing any trades. Also, keep in mind that we have the FOMC event later in the day which could lead to a lot of volatility in GBPUSD pair. In case we can see the...

YourLazyTrader

Dear traders, AUD/USD has been in an uptrend for the last few days. However, price has not been able to break the resistance level that I have highlighted in my chart. Keep in mind, that we have the FOMC event later in the day which could lead to a lot of volatility in the AUD/USD pair. So, be very cautious with your entry. That being said, if bearish price...

YourLazyTrader

Dear traders, we can see the formation of a potential triple top pattern in EUR/JPY. EUR/JPY is currently in the resistance level. So, if we see bearish price action that this resistance zone, we can consider selling EURJPY@ 151.30-151.60 with SL above resistance and TPs at 148.73, 146.60.

YourLazyTrader

Dear traders, GBP/JPY is in a relentless uptrend for the last few days. The rally is not showing any signs of stopping so far. In fact, if we look at the daily, there is literally no resistance until 193. That being said, we have the FOMC event today which could change the current dynamics of all pairs including GBPJPY . So, in case we can see the formation of...

YourLazyTrader Updated 

Dear traders, Gold has not dropped below the 100-day EMA which is a positive sign for the bulls. However, the descending trendline and the dynamic resistance on the 4Hour chart is capping the upside move. If Gold manages to break the 1970 resistance level with strong bullish impulsive candle, there is a chance for a further rise towards 2000 and 2050 levels in...

YourLazyTrader Updated 

Dear traders, despite yesterday's 100 pips fall which gave us a good profit of 87 Pips on our sell trades, GBP/USD has managed to recover. If you are planning on selling GBP/USD, I would recommend you to wait for a better entry. Keep in mind that a perfect entry is crucial to ensure your trading strategy is profitable. So, if GBP/USD reaches 1.2675 level and...

YourLazyTrader Updated 

Dear traders, check out the chart image and you can see that AUD/USD is struggling to break the resistance level. The likelihood of a decline in AUD/USD is increasing after the price hits the resistance level. Sell AUD/USD@6785-.6810 with SL above resistance and initial TP at 0.66

YourLazyTrader Updated 

Dear traders, USD/JPY is getting some support from the dynamic support in the 4Hour chart. As long as price stays above the EMA, there is a likelihood of uptrend continuation You can also see the formation of a triangle pattern in the chart. If USD/JPY manages to break through the upper trend line of the triangle, then we can see the next leg of bullish...

YourLazyTrader

Dear traders, Gold bulls have been unable to break the dynamic resistance on the 4Hour chart despite multiple attempts to break it. The support level in the 1937 level also looks fragile now. In my previous couple of Gold ideas, I have mentioned that selling Gold@1970 is wise choice as it offers a low-risk-high reward set-up. So, based on the current price...

YourLazyTrader

Dear traders EUR/USD has failed to break the 1.0780 resistance level on the 4H Chart. As I mentioned in my previous ideas, breaking this resistance level is crucial for the uptrend to continue. Now, since we have seen a bearish candlestick formation at this key level, price can fall further to 1.07 or 1.0680 in the coming days .

YourLazyTrader Updated 

Dear traders, GBP/USD has rallied quite a bit after consolidating for a few days. Currently, price has crossed a key level 1.2560 which is a moderate resistance level. Whether the level has been broken or not can not be said with certainity because we are not seeing a big bullish candlesticks in the level. In case, bearish price action happens at this level, we...