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Lehforex

EURGBP head & shoulders, price struggle and new covid-19 news. In the curious case of EURGBP we have a very prominent struggle for price to push towards the upside. Price has struck the 0.90460 key area twice so far, with the second time creating a railroad track of sorts. Now with the third hit, at the right time (london gap) and forming a head and shoulders of sorts. We're in a prime sell reversal formation. Now I do expect price to move towards the 0.89805 point for +50 pips then consolidating/bouncing a little bit before ultimately pushing for more towards the 0.89477 price point. This is also backed by the recent news of the new covid-19 which will set back the currency.
Short
by mrleh
3
XAUUSD clear for BUY continuation or sell breakout?seeing XAUUSD continuing the uptrend. Looking to sell at the next strong key areas for hundreds if not thousands of pips. If price breaks out of the trendline, we could see for the sell immediately in the next few hours. ------------------------------------------------------------------------------------------------------------------------------- Hey there---Thomas here, If you like what you see, check out the FREE Telegram channel: t.me/Lehforex Real-time analysis, signals, psychology training, free content and overall a better group of traders. Working on a lot of things, come along and join the journey and see how we'll grow together. my insta: @mr.leh forex insta: @lehforex website: lehforex.com my telegram: @lehthomas Youtube: YOUTUBE I hope you're staying safe and good luck in trading!
FX_IDC:XAUUSD
by mrleh
1
AUDCHF up +160 pips, AUD making a return after A HUGE drop Currently up +167 pips on AUDCHF. This was a VIP signal that I called out a couple of days ago. Here's the original analysis: AUDCHF and correlating AUD pairs could be making a comeback after HUGE hits towards their economy for the past month. The bubble finally blew and it came in the form of the coronavirus. With news of the virus hitting its peak soon and sights of the economic outlook after 1-2 months appearing to grow back. All AUD pairs could be bought long-term. AUDCHF BUY start: 0.59579 stop loss: 0.59022 take profit: 0.65159
Long
by mrleh
2
GBPAUD sell potential is off the charts *peep the pips* GBPAUD restested the strong key support/resistance area box. This will be a good re-entry/continuation trade for the pair. AUD news coming out in a couple hours which is looking positive which could push GBPAUD lower. Check out the 1h chart or the 2h chart and you'll see price reversing exactly at the key area box. Some good indications but if you place a fibonnaci from the last high to the low you'll see the 32.8% fib is just at the top of the key area box so this trade is rather risky. Overall, I'll check on the trade after the news settles and I get home tonight.
Short
by mrleh
USDCHF big BUY potential, currently at last years lowUSDCHF at the last yearly low and slightly bounced off the low with a wick break. What I'd like to see is price push 15-25 pips towards the key area (low) and continue pushing upwards. Friday is non-farm payroll which is looking rather positive so we'll see what happens. All we need to price to bounce off the key area and push up and we'll place our stop loss to break even hopefully before NFP. USDCHF BUY LIMIT start: 0.95481 stop loss: 0.94978 take profit: 0.98668
Long
by mrleh
1