YourLazyTrader

YourLazyTrader

Dear traders, we can see the formation of a rising channel in GBP/USD in the 4Hour chart. If you see the chart, we can see that there is a big bearish impulsive candle after touching the upper trend line of the rising channel . So, if this set up holds, expect GBP/USD to fall further and reach 1.2450 . Therefore, sellers can take advantage of this and consider...

YourLazyTrader

Dear traders, USD/CAD is on a support level in the daily chart. So far, the bears have not been able to break the support level. So, if the level continues to hold, there is possibility of going long in USDCAD@1.33-1.3320 with SL below the support level and TPs at 1.3470,1.2550 and 1.3650 respectively .

YourLazyTrader

Dear traders, for the last few days, we have seen that Gold bulls are struggling to break the dynamic resistance on the 4H chart. Price is basically moving between the 4H resistance and 1937 support level. In order for Gold to go bullish, it must first break the 1970 dynamic resistance. In case this level is broken, we can expect 2000 and 2050 in the coming days...

YourLazyTrader Updated 

Dear traders, many GBPJPY Traders are waiting for GBP/JPY to decline. However, GBP/JPY is on a relentless bullish pursuit. That being said, if you look at the daily candles in GBP/JPY, the last 10-12 daily candles indicates exhaustion which means when price finally reverses, the fall would be pretty quick. So, in case you are holding sells or have sold at...

YourLazyTrader

Dear traders, USD/JPY is getting some support from the EMA in the 4Hour chart. Price has rebounded after hitting the EMA. 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 move. However, 140.80 is a key level that can offer...

YourLazyTrader

Dear traders, AUD/USD is slowly reaching a long-term resistance level on the 8H chart from where price could fall if bearish price action takes place at the resistance level. Based on the above information, traders can consider selling AUD/USD@0.6800 with SL above the resistance zone and TP at 0.6630 . However, keep in mind that you should only sell if price...

YourLazyTrader

Dear traders, as per the trading plan published 7 hours ago, we have already sold XAUUSD@1970. As you can see from the chart, there is the formation of multiple bearish candlestick patterns at the dynamic resistance on the 4H chart. I am already holding sell from 1970 with target at 1940 level. Fresh sells can be executed if Gold reaches the resistance level...

YourLazyTrader Updated 

Dear traders, in my previous idea posted yesterday, I mentioned buying Gold@1940 As you can see, Gold reach 1969 which is about 300 pips profit for the ones who followed my idea. Currently, XAU/USD is struggling at the dynamic resistance on the 4H chart. In previous occasions as well, Gold failed to break the dynamic resistance. So, if price doesn't break this...

YourLazyTrader

Dear traders, USD/CAD is currently at an area of support from where price has bounced up multiple times in the past. So, if the support region around 1.3300 holds, we can expect a similar bullish move towards 1.3650. So, t raders can buy USDCAD@1.33-1.3320 with SL below 1.3250 and TP at 1.3650 . The above bullish scenario would be invalid if the support region breaks.

YourLazyTrader Updated 

Dear traders, on account of US dollar weakness across the board, GBPUSD spiked to the 1.2560 level. However, it has not been able to breach the zone that I have highlighted in my chart. Current price action is showing the formation of bearish candlesticks in the PRZ( potential reversal zone). So, if the price does not break 1.2560, traders can consider...

YourLazyTrader

Dear traders, in my previous idea, I mentioned selling AUD/USD@ 6710 level (previous idea is attached below for reference) based on daily chart analysis. As you can see AUD/USD has dropped close to 20 pips from the double-top resistance level. So, if the resistance level at 0.6715 holds, we can expect AUD/USD to fall further towards 0.66. Traders can sell the...

YourLazyTrader Updated 

Dear traders, in my previous idea, I mentioned about selling XAUUSD at 2050 level. As you can see, price dropped from that level and reached my final TP. Currently, I am exploring the bullish scenario for Gold. As price is at the 100-day EMA, and it appears to be consolidating, there's a chance that the institutional buyers could step in at this level . So, ...

YourLazyTrader Updated 

Dear traders, after the bearish move for the last 1 month, EURUSD appears to be consolidating. A minor support at 1.0660 has been created and EURUSD is currently consolidating in a small range. However, since price has fallen below the 100-day EMA, bulls need to be a little careful . That being said, 1.0660 appears to be a good point to buy if price doesn't...

YourLazyTrader

EUR/USD has spiked to 1.0780 key level on account of USD weakness across the board. However, in case the key level that I have highlighted in my chart shows any weakness, we can expect EURUSD to fall back to the 1.0710 level.

YourLazyTrader

GBP/USD may slide back to the 1.2460 level if the current resistance at 1.2560 doesn't break. Check out the chart image. In case of a false break or rejection candlestick in the highlighted level, we can consider sell entries.

YourLazyTrader Updated 

Dear traders, in a quite expected move, GBP/JPY rallied almost 200 pips from 172.65 and reached the resistance level as indicated in my chart. Currently, we are seeing the formation of multiple bearish candlesticks in the 4H chart. So, this gives us a moderate bearish bias. If this bearish price action persists, traders can consider selling...

YourLazyTrader

Dear traders, GBP/USD is currently in consolidation mode. The price action is neutral at the moment which is why it would be unwise to buy or sell at the current price level. However, the level 1.2310 is very important as it is the confluence of the 100-day EMA and previous bounce point. So, if price dips to the said level and we see formation of bullish price...

YourLazyTrader

Dear traders, after Bank of Canada's rate event yesterday, USD/CAD dropped to the 1.3321 level. However, the fall was arrested as it is a strong support level . Based on the current price action, it seems the 1.3320 support level would continue to hold. So, if price action becomes bullish at this level and the support level stays unbroken, traders can consider...