mleader1

mleader1

USDCHF has completed 0.618 fib retracement since last jump, and reaching to a support around 0.9126 This is my last trade for today, and I'm going long. as stated in chart I'm in already, so if you want to enter you can enter around 0.913 which is not a bad position, but anything above that I'll consider risky SL: below the mini trend line which I set as...

mleader1

Yesterday I had a rush into buying USDCAD, today by looking at the chart I think I want to give it another try. Double lot size used given I've already made a loss and want a small risk to recover It has reached to it's previous first line of support which is around 1.261 - 1.264 and now at the base of it to break it, at which point I expect it to bounce back...

mleader1

EURUSD is in a falling wedge alike situation and sitting at the top edge of the channel, from the point it can either break out going further up or bounce back down to start another cycle. Similar like GBPUSD it rallied the whole day yesterday bringing RSI on lower time frames close to overbought level, but the higher time frames are still bearish. Therefore...

mleader1

GBPUSD reached to previous key support level it's reasonable to think it will retrace a little bit. RSI on 1H, 2H are over sold, 4H is reach to the point but with 1D RSI still bearish. Entry: 1.37447 SL: above 4H 50MA TP: 0.5 fib of yesterday's gain. GL

mleader1

This is a RISKY but high reward setup. GL USDCAD is going down revisiting its weekly 50MA (1.2672 around) , which should provide some decent support for a bounce or at least cushion period. Entry: now 1.2689 SL: slightly below 1.2672 TP: back up to 1.281 RISKY so GL

mleader1

GBPCAD is currently facing multiple MA trendline resistance (20MA daily, 200MA 2H, 1H and 100MA 1H) so if market is not fierce it should respect the technical indicators just a bit :D Overall GBP is not out of it's downtrend at all so let's be careful about this setup. SL: a few pips below any of the MAs, I set it rather low, it can be as tight as 1.738 if you...

mleader1

price has reached to 0.5 Fib since the jump of GBPAUD price when COVID-19 started. I expect the price to start falling down a bit from this level. SL: above previous resistance level and above 0.5 fib which I marked 1.9176 TP: It's a risky setup, so trailing is best option, targeting 1.9 Will close regardless by end of today. GL and have a nice weekend

mleader1

GBPUSD has broken it's monthly 50MA 1.36202, a strong pull back might happen. Entry: 50MA or 10pips around SL: 1.36 (yes extremely tight because it is extremely risky) TP: max 0.5 fib of yesterday's range. GL and safe trading - it's Friday!

mleader1

AUDCHF has been consistently diving under over sold RSI lately and need some breath just from the view of it. It has been consistently moving down in its downtrend formed since March and now is at a critical point to wipe all gains it had this year, from which point I also believe a hope of it moving back up is another potential. It's having a death cross formed...

mleader1

EURAUD is facing an extremely well formed reistance around 1.6189 area. RISK: it's also in an extremely well formed uptrend channel and moving up quite healthily, so it may beak the resistance and move up without much hesitation. NOTE: AUD employment data is coming out which may have some significant influence on this critical moment - it may simply accelerate...

mleader1

this trade got activated before I decided to cancel :D However after thinking of the possibility, I think it may well worth the risk The Risk - it broke previous bottom line around 1.1706 and decided to move lower Possibility - it is still within the reach for a bounce, and the mighty Asian market may drive it considering it had already had a tough day...

mleader1

:) Hope everyone is ok from today's GBPUSD drama (or to say mainly the US side due to yesterday's retail data). The retail data mainly to deal with the consumer market side so I guess it had much more impact on the stock markets which then had a reflected illusion of DXY going up. They are after all very important figures representing the US economy recovery so...

mleader1

Happy day finishing target early in the morning :) USDJPY is on its way to lower edge of trend channels (multiple time frames), and should either respect the recent support around 109.124 or otherwise going further downhill. I'm going long trade before any US data release today and leave it running till end with small loss or good profits... Entry: anywhere...

mleader1

GBPUSD buyers are fighting hard to keep pound afloat above 1.383 which is a first line support of bullish reversal confirmation from my point of view. Failing the battle would mean another fierce one at 1.380 - even if it stays there for a few days more I would think bull's fight is near over - so Pound if any chance of going up higher, it should be happening in...

mleader1

AUD has been in miserable state in the past few weeks if not months and reaching to the very bottom of the weekly trend line (descending), so it will either break it, or going back up. My previous trade got stopped out at break even (and then it went down further), I've now re-entered and expecting it to go back up again - and if not, we'll know the south is...

mleader1

Hope we all had a great week last week, this week there'll be turbulence just like last week so trade carefully... AUDUSD has gone back to previous level and stayed above the weekly support, I expect last week's analysis to be still valid till some drastic news coming out soon this week from US that may bring AUDUSD down to its next level - before that happens,...

mleader1

:) DXY stayed in consolidation after yesterday's drop. AUD didn't manage to keep the gains from yesterday however it did create higher high and higher low. AUDUSD pair has reached to a very low level close to the lower end of its weekly trend channel (purple line), and if no more further surprises, it should start some decent pull back movement (or otherwise...

mleader1

AUDNZD is at the near bottom of weekly trend line, and has been having some decent buyer power recovery signs on lower time RSI. I'm expecting a break out today/tomorrow, if not I'll revisit later. SL: slightly below the weekly trend line TP: fib based, can be very high, but I will be trailing as soon as it break out above 1.049.... Will close trade...