mleader1

mleader1

valid before US session - we never know what impulsive move can take us. :) Be aware the current tip price is not a resistance, it's simply dropped because it touched the rising wedge trend line, as everyone draw the lines differently, I may be wrong. BUT, in general, it goes to the right direction. SL: previous resistance, I've drawn two red lines, you can...

mleader1

Was lucky enough to catch the tip of the price and started a safe sell with very good lot size. AUDUSD had a huge gain in the past few days and now will retrace a bit for a reasonable correction. SL: above previous high, although I do believe a few pips above the current high is ok - risk free setup if you were lucky to catch the tip too. TP: Fib based, can go...

mleader1

EURUSD has attempted to break 1.185 which used to be a strong support now resistance but failed and dropped agressively given back all its daily gain however managed to survive above daily 50MA. the daily 50MA currently at 1.18074 was proven to be a strong support (last week's high 1.18099) so I expect the price to stay strong and hopefully above 1.1805. It's...

mleader1

GBPNZD has experienced drama downfall in the past few days, I expect a correction needed in the current falling wedge alike channel. it attempted to reach 1.9487 and bounced back up in multiple occasions in the past few hours, which make it a valid support considering it was also strong demand area in the past. SL: below 1.9487 TP: fib based RISKY. and I only...

mleader1

Gold has continued its rally from the drop to 1801 which I was late to catch. I believe it will continue to rise from the Asia session and highly possibly to go higher above 1830 (obviously not within one jump) RSI on all time frames are extremely healthy above 50 with good room to support higher rise, there are couple of resistance levels which I have marked out...

mleader1

AUDUSD has completed it's correction/re-test, and now on the way to rise further up. I believe AUD is highly under valued, however the situation will only gets better when their economy gets out from COVID and other pressures. The move can target high to 0.74, however I'll be trading on daily basis so current target will be just under 0.7357 which is a fib...

mleader1 Updated 

I was nearly stopped out on this one, since it wasn't published I'm sharing it out just in case anyone is on the same situation. I caught the right and booked profits, then expecting expecting a rising wedge to be respected and then fall hard, but it didn't - it went up breaking my trend line and nearly hit my stop loss (the red line, yes I dragged my stop loss a...

mleader1

DXY has suffered from continuous loss in the past few days and broken previous up trend channel which was formed not long ago and seems to heading back down again. Currently it is on a level that's previously proven to be so so strong as support, including the sudden drop happened on 13th, Aug which got supported back up from current position, will history happen...

mleader1

NZDUSD has been in consolidation with not much of movements today. It is in downtrend so in general it should go down when sellers kick, but for now I believe there's still potential room for this pair to go up higher. I'm setting this up with very tight SL and small lot size considering risky setup requiring higher reward. :) Considerations: potential...

mleader1

Gold has been trending down in the newly formed up trend channel and looking into the new rise today, it's trying to consolidate itself into a falling wedge, at the moment it seems to be at stage of building a falling wedge in 30mins chart, and the price has just reached to a level close to the lower edge. I have put in a long trade 1809.64 with just tiny SL at...

mleader1

GBPAUD decisively broke the up trend line and now on a potential direction going down hill, the impulsive move on last Friday was contributed by the dollar weakness I believe. I did have a long setup on Friday which got stopped out by the sudden drop with some good profits. By the look of it, I believe GBPAUD is due for a correction for at least 0.3 - 0.5 fib...

mleader1

EURGBP has been overall rallied in the past few days and reached to it's peak after touching weekly 20MA on 23rd. SL: above 0.8595 TP: fib based, 0.85678 is a nice TP point already when it reaches. GL

mleader1

GBPAUD has been in ascending channel for many weeks and the base has not been broken in many occasions, now that it is in the same situation again I expect it to follow the same pattern. There's also a change that it may choose to break the trend line because it has just reached to yearly ATH at 1.91597 and now may want to do some deep retracement. On that...

mleader1

Here's another risky but I 'feel' good setup. CADJPY rose to a previous high and stalled for the past many hours, it is also within a rising wedge alike channel building downward movement since the high of 87.5 which was in mid of historical resistance zone. (87.26 - 87.6) I didn't manage to catch the tip but entered at 87.4 which is still a ok risk level -...

mleader1

I entered a bit late, however the SL should provide some support and finger cross it not be hit. :) GBPNZD has been lingering around it's weekly base trend line and starting upward move having tested the lows and didn't manage to break below 1.97 I consider this a risky setup so do manage your risk if you agree what I see. SL: below 1.9744 --> 1.974 is a better...

mleader1

CADCHF has reached a high of the 18th, Aug and then retraced, it's countered not only the high but also the a zone of previous support which now is turned to resistance. Given the fact oil is falling today and CADCHF has rallied in the past few days causing lower time frames RSI approaching/is over bough, I believe a downward movement is a must. SL: around...

mleader1

I made some significant loss this week so I decided to check my DXY analysis seriously before the big US events... In general, if the market moves healthily, it should really move towards what I initially thought - maybe I was just waiting too impatiently this week! On weekly chart like previously spotted, the beautifully formed W chart on the weekly should...

mleader1

AUDUSD reached to previous high and stalled. it still has a bit room to rise further (0.73) so if you are buyer you can watch if it can break 0.726 For me I am looking at a potential downward movement starting from the current 1H 20MA point, and my SL is much lower than 0.726. Reason for me is that it's close to the weekly high and the weekly high has been a...