Lukman_M

Lukman_M Updated 

We had seen a very bullish trend accompanied by high volatility in gold trading instruments. The price however, had done some downward pullback which i assume will be ending soon. We can see that the price make a sideway movement for a few hours in the yellow box and broke upward signaling the price is ready for another bull run.

Lukman_M

During the end of last week’s trading session, we can see that this pair made a sideway movement signaling uncertainty in the direction of price. Since the support of the ranging market was penetrated, it shows the presence of selling pressure. Trade safely! Telegram channel : t.me

Lukman_M

Last week gbpjpy experiences a downtrend which was a retracement on H4 timeframe. It is possible for GBPJPY to continue its uptrend now. Due to this, I am going for long position. Drop a comment below, lets open a discussion. Trade safely! My telegram channel : t.me

Lukman_M Updated 

There are no sign of strong buying momentum yet, so I am going to short this pair the the marked zone. Why the zone is there? Market tend to try to close the gap they make before continuing going in the current trend which is downtrend. My telegram channel : t.me

Lukman_M

This is an important area that will determine the movement of this pair next week. If the support line hold and there is presence of buying momentum, we should take the long position. If the support line is broken and the selling pressure does not diminish, we should continue to take the short position. I personally think that instantly taking long position near...

Lukman_M

Many support levels were broken this week due to the selling pressure. As long as we don’t see any buying pressure, we are better off to initiate a short position rather than long position. Trade safely !

Lukman_M Updated 

Few hours ago I shorted GBPJPY at 146.450 and closed all my position a moment ago. I believe that GBPJPY is still on selling pressure, but I want to try shorting another position in the new zone that the price might reach if an upward pullback were to happen. I am targeting to hold this position until the area of 145.200 - 145.000 ( support area ). Trade safely!

Lukman_M Updated 

The price has broken the support level of 146.600 signaling a possible downtrend. I upward pullback to take place soon, but I am not placing a buy order due to the pessimistic market of GBPJPY. I am focusing to short GBPJPY in the zone. Trade Safely!

Lukman_M Updated 

Minor resistance was breached 2 hours ago signaling an optimistic view on gold. It is possible that trend reversal is going to take place soon. Trade safely!

Lukman_M Updated 

We can see that past 3 hours, GBPJPY has been showing bullish sign. However, I personally think that is only an upward pullback which will be ending soon. The price might continue to go down for the time being. Trade safely!

Lukman_M Updated 

The price of GBPJPY recently broke below 147.500 signaling a strong selling pressure. 147.500 was a minor support area turning into new resistance are. I am placing my short position near the new area of resistance with stop loss of 40-50 pips.

Lukman_M

GBPJPY is aiming for the D1 resistance level at 149.200. We have chance to open buy position now to ride what might be the final wave before price going for major retraction.

Lukman_M Updated 

It is a strong uptrend indeed. However, it is possible for the price to move in sideway (taking a break) for some time. We will try to buy near the support area to catch some pips.

Lukman_M

The gold recently broke the support line indicating a strong downtrend.The price might make a strong downward movement anytime soon. Probability of gold going down is higher than going up.

Lukman_M Updated 

The buying pressure is still high. Short with caution!

Lukman_M Updated 

GJ has been going up a lot lately, it is possible that it will make a side way before trend reversal or continuation. We can try to catch some pips in this price range.

Lukman_M Updated 

Last week, the price make a sideway movement between 144-145 and the price had broken the sideway structure signalling strong buy. I am placing my order in the area of new support.