Greetings and good morning to all of my respected forum members and visitors from different places in the world. From tomorrow the market will open again and hopefully, everyone is enjoying your weekend with your dearest friends and family mates. Everything was moving fine except today I have witnessed that a fake forum user has given me a bad reputation. For a weird reason, this fake reputation made this post- an extremely negative post!!! I think this is done by one single user who was the leader in the dark age. I would like to request our honorable MT5 Administrator and hard-working dearest moderators to check this issue. And I would like to request that person to stop this silly work. It won't make any difference. You tried it in the past and failed to get success and hopefully, this time once again you will become hopeless. Giving a bad reputation on the good user's post won't make any difference on your weekly bonus. You have to improve your own trading journal's update. A few days ago another good user also witnessed this problem. After almost two months I have witnessed this issue. As I never hide anything with my forum members so that's why I have shared it here. I am not worried about this childish work but I want to inform everyone that it's not a big deal on your weekly bonus. This fake reputation won't create any problem with your performance. So just focus on your posting quality mates. As usual, if you need any kinds of help you can contact me. I never feel bored helping anyone.
Scheduled news for tomorrow:
Tomorrow there has no high-impact news on the market. So the market will move as per buyers and seller's demand. So the ultimate market movement will be very slow. Last week I managed to withdraw $222 profit and after that, I was hanging on the market for the rest of the days. If the USD index continues this bearish trend then my trades in GBPUSD will lead me to get another margin call for sure. On the other hand, if the market trend moves upwards direction then I can survive in the market for this time. The USD index is moving downwards direction for a weird reason. Although last Friday it tried to regain its strength again, it falls down due to the extra bearish pressure of the market. Last week GBPUSD tried to test the 1.3880 level and then fall down to test the 1.3790 level. It's clear that the trend is bullish and try to test the 1.3900 level. In the next week, I think GBPUSD will try to test the 1.3950 level. Gold looks unstable right now. Last week it tried to test the 1855 level and then moved downwards direction to test the 1806 level. At any time market can be moved in any way. So it's not a wise decision to avoid trading in gold right now. Crude oil is also flying in an upwards direction now. It's testing the 60.0 level now. It may try to test the 65.0 level in the next week. Let's have a look at the attached scheduled news for tomorrow and prepare your trading plan accordingly.
Update of my running trades in GBPUSD:
GBPUSD looks clearly bullish right now. Last week it had broken many old records and everyone is expecting that in the next week it will try to test the 1.3950 level by this heavy bullish trend. GBPUSD is not respecting any resistance now. Everyone thought that the 1.3750 level is strong resistance and it couldn't break this resistance by this weave. But it was a wrong concept. Now GBPUSD went to test the 1.3900 level. I don't think that it will create any problem to break this resistance. But for correction, it may try to test the 1.3750 level again. It's really tough to survive in the market by going against the market trend. I have a total of $7 lot size in GBPUSD pair. All are in a sell position. I think soon GBPUSD won't fall down soon. So I have to wait another week to close those running trades in GBPUSD. I really hate to hang on the market but due to my bad trading strategy most of the time I have to face it. It's recommended to wait for a potential buying opportunity for tomorrow with targeting TP at 1.3950 level and set your SL at the 1.3740 level. But most importantly please use strong money and risk management whenever you will try to trade on the GBPUSD pair.
Analysis and forecast of USD index:
The USD index is trying to test the 90.0 level. Last week it was clearly in the bearish trend. Only Friday was exceptional. In the next week, the USD index may try to test the 89.50 level if it continues this bearish trend. If somehow it changed its trend then the USD index will try to test the 91.20 level. According to my point of view, I think the USD index will try to test the 90.0 level by tomorrow. The market's momentum is not clear. So it's better to wait till the market confirmation.
What do you think about these running trades mates? Do you think that I can close these running trades by the next week? Please share your valuable analysis with us so that we can learn from your valuable and informative analysis mates. Hope for the best and keep me in your prayer mates. Wish you all the best and good luck with your next week's trading mates.