forexlye

forexlye Updated 

A Happy New Year! Welcome 2023. In 2022 Dec, GBPUSD did a strong surge from 1.200 to above 1.2400 (400 pips) but closed nearer to 1.2000 for the year. For first week of the new year, we start with long bias towards 1.2240 about 130 pips of potential range.

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EURUSD rejected the lows below 1.1000 yesterday. It's a good indication that there might be more buying

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If price close back above 1.3550 (today's opening), we might have a quick up move for the day. Any pullback when the price hits the blue line, I would most likely consider for more entries

forexlye Updated 

It has been well supported around 1.3520 for the last 2 days. GBPUSD might make another push to test the high. There is a good 70 pips range.

forexlye Updated 

Last week, there was an early attempt above 1.2260, though it fizzled off but Friday it was a nice bounce up. We shall look out for more support and enter into our buy positions.

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Will it try 1.3200 again?

forexlye Updated 

Eyeing a sell to the next low.

forexlye Updated 

Likely consolidation, short term long

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Broke low. 1.2905 next and 1.2800 soon Consolidated since Christmas. Trendline broken. Playing the down move

forexlye Updated 

immediate support at 1.3035, key is 1.3000, if broken, we are likely to see a quick drop to 1.2900 level. i.e. the previous bullish view is negated.

forexlye Updated 

Tested 1.2970 several times. struggled to remain above 1.3080 and eventually above 1.3120. taking the view that price should find supporters to keep it above 1.3080. Bought at the lows of 1.3000, scaled from 1.3038 to 1.3065.

forexlye Updated 

another attempt to push past 1.3050

forexlye Updated 

Assuming price is going to stuck within the last down swing from 1.3500 to 1.2960. I am looking at some move from current support level to above 1.3100, probably testing near highs of 1.3200 within this week. If price breaks point D, then it's likely a resume of the downtrend.

forexlye Updated 

Taking 0.8818 as bottom price, this stock presents buy opportunities. Decide how much of your portfolio you would add this stock. Plan your buying capital and start accumulating in buy zone 1, not exceeding 50% of your plan. Another 35% could be use when price is in buy zone 2. The average price should be lower than 1.13 (high of zone 1) Start capitalizing when...

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Planning on: 1.Anticipating a quick move to test 1.1200 or 2. Price might consolidate between 1.1100 and 1.1120 before continuation to test 1.1200

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Will it test and push past 1.1260? More inside my blog post m.facebook.com

forexlye Updated 

Let's see if this round the test of 1.1200 would hold. A push through 1.1260 should provide momentum towards 1.1300 and eventually trading above this level.

forexlye Updated 

Review: After Wednesday's up move, price stuck in a 40 pips range for 2 days. Friday, price did close near the high of the day. This likely set the stage for next week. Trade: Managed to build entries around 1.1240+, carried it over weekend as I still hold the view that EUR should move towards 1.1300, 1.1400. Plan: As price moves into the green zone, I would...