There is no success that does not prioritize discipline
The US dollar has initially plunged against the Japanese yen during the trading session on Monday, but then turned around to show signs of life again. By doing so, itís very obvious that the market is trying to stabilize near the ¥108 level, an area that has been important in the past.
The US dollar has plunged initially against the Japanese yen but then turned around to rally, only to pull back a bit from there. This type of back-and-forth trading during the session shows that at least there are buyers out there willing to jump in. At this point, the best trade is probably simply wait for the daily candlestick to form, can follow whichever direction the market moves at that point. In other words, if we break above the high of the day during the trading session, then itís time to start buying and perhaps aiming towards the ¥111 level above. On the other hand, if we break down below the lows of the trading session, we probably go looking towards the ¥105 level again.
Update: GBPUSD analysis for today
Hi traders this is wonderful week now because starting day there was not much volatility and high pace was seen so everyone getting relaxed now. I have seen that few of your guys made profit and some got their withdrawal today.yes obviously trading GBPUSD is really much easier now because it was showing bullish trend but a big swing back was seen to . price got down below 1.2360 from 1.2484 level yesterday. I think today's market will show some big movement. chart is clearly showing a long bullish trend possibility for daily chart.
let me know your opinion about today's market prediction.
Update: gold analysis today
hello guys this is another trading day start, we can see lots of movement today , price of GBPUSD having big drop earlier and now we can see usd index having good gain up to 99.60 level from 99.00 so gold price goes down at 1604 lowest from 1623.If we can see that price of USD index goes up again cross 100+ then price of gold must have to goes down below 1590. i think if this trend continue we might see that price level can hit 1580 today easily.
o great sir my take profit is already hit at the 1612 and the gold move backward position for the seller side of the 1601 touching and then again pulled backward for the 1609 and now i want to say tat it will be more down for the target of the below the 1600 and for the 1590 in this day i mena today target for it will
Mian gee trading journal