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Leh

EURNZD on downtrend confirmed but reversal imminent? With EURNZD, we have good potential for buys but there seems to be a little backlash if we get into the buy now. Price just broke the key area of 1.70479 and retested that key area on the hourly timeframe. Though looking at the bigger picture, I slapped on a Fibonacci and a strong key area box and we have price reversing towards the high at the 50% fib. This is a good indication of the buy continuation yet the closest key area is already retested. What we'll do is put a BUY STOP position so we can wait for the price to break up past the key area and continue up. Good luck EURNZD BUY STOP start: 1.70542 stop loss: 1.70137 take profit: 1.71868 Want to keep up to date on trades? Join the group Community on Telegram: t.me
Long
by mrleh
Natural Gas on it's way for one more push towards the high?Never traded natural gas before but price currently is at a very strong support area and the ascending trendline. This trade is more based on the history of the commodity, an idea. A long term trade that has the potential for 2000 pips or a loss of 200 pips. Why is the target all the way up there? Well in you back on the daily/weekly charts, price moves up and down within a sort of channel downwards. It looks like price might make one more big push towards the top of the channel and again push towards the low again. We'll see how it plays out over the next couple of months. NATGASUSD BUY LONG TERM start: 2.298 stop-loss: 1.841 take profit: 4.557 use small lot size, hold long term Want to be updated live? join the community on Telegram: t.me
OANDA:NATGASUSDLong
by mrleh
EURGBP long term sell already pushed over1000 pips,could we buy?EURGBP inside of a channel that has been said to be a long term sell, the channel only proves it further with fibonnaci & key areas combined...we have an overall trend downwards. But wait, the current closing candlestick is closing above the strong key area, could this be a sign? Coudl EURGBP be buying instead? Let's wait and see what candlesticks we can get over the next couple days. Very likely if EURGBP breaks out of the channel, we will BUY.
by mrleh
USDCHF clear buy?USDCHF played out exactly how we expected. Currently, Price hit our strong key area of 1.00610 and starting to reverse. This indicates that the strong key area which was broken last month has been retested and is planning to continue rising towards the next key area of 1.03000. Now, this week many news on US-CHINA trade may cause havoc in the markets. We will enter with the stop loss just below the key area and if the price continues dropping instead...we will watch to see if the price is ethier simply testing the key area or making it's way down for the rest of the week. Cheers. USDCHF BUY start: 1.00620 stop loss: 1.00300 take profit: 1.02814
Long
by mrleh