Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market. Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in Forex print Lukman - Dancing Glasses - Two dancing glasses! Cheers to your new wall art! This online shop is using cookies to give you the best shopping experience. Thereby for example the session information or language setting are stored on your computer LTTB Channel EP 07 with Janis Urste talking about Forex
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Focus mostly on swing trading. Current trend is downtrend, might want to consider short position. But for the time being, I'm neutral, forex lukman. Playing safe. xD and trade safely guys! Price is trading in the area of support, forex lukman. I would go long for a short term trade with stop loss about 15pips below the support line to make sure it is not triggered by the market's noise. Due to the recent election result, the GBPJPY pair has made a big bullish movement resulting in high volatility forex lukman. My view on this pair is that the price may not retest the new support area due to the high momentum.
I think that the price might go towards the area of major resistance and forex lukman a side way movement there. Price might retest the support become resistance area.
Apart from the price action, we can also see the divergence between RSI and price where RSI increases while price continue to move down.
In the longer time frame, we can see the price is trading near the support area. In the shorter time frame, the price broke the short term resistance line. This mean that price is building up momentum near the support area giving us opportunity to go long with minimal risk. The trend line and support line forms an area of confluence and so far the support forex lukman is still holding. We can start to search for long setup. As for now, my position is still neutral as I am waiting for more information and confirmation.
On the longer time period, the price is in the downtrend. Naturally, Forex lukman will be biased on the short opportunity. Now, forex lukman, I am waiting for the price to trade into the blue area where we will be ready to look for short opportunity, forex lukman.
Selling momentum is weakening as the buying pressure is almost equal to selling pressure. As you can see on the chart, the downtrend loses momentum and made a sideway movement.
This signals that forex lukman potential big move might happen. Price broke from the two weeks ranging market and form a symmetrical wedge pattern which is a trend continuation pattern. Looking for long movement, forex lukman. The price failed to penetrate the dynamic resistance line provided by the ichimoku cloud and the parabolic SAR shows a sell signal.
The price is trading near the D1 trend line. We should be looking for sell setup. Based on the trendline and ichimoku cloud, wen can see that the price is in the bearish movement for the forex lukman few weeks. The selling momentum is present. Time to short. GBPJPY pair was in a two weeks ranging market with an extremely low volatility. The recent breakout from the ranging market and accompanied by increased volatility and momentum signalling a possible trend continuation.
The usd currency is taking a toll from the trade war between China and USA. That is why this forex lukman is forex lukman able to break the new resistance, forex lukman. I am going in for a short position. Trade Safely! It is time to continue shorting GBP currency as the dark horizon of brexit is approaching soon. I would say that the downtrend momentum is still strong in the bigger time frames while the current short term uptrend might be the upward pullback taking place.
Anyway, Trade Safely! The current sentiment for gbpjpy is quite optimistic, forex lukman, however I personally forex lukman that the Great Britain economy will be hit when Brexit occurs. When Brexit occurs this October, we may see a temporary contraction of GB economy during the transition period that will weakens the pound sterling.
The selling momentum on the D1 time frame is also quite strong. For the past few months, this pair has been trading in a downtrend momentum until recently the price makes an upward movement, forex lukman. I believe that this is only an upward pullback and the price is going to continue its downtrend movement soon. Launch chart See overview Search ideas Search scripts Search people. About me I am a part time trader with 3 years of experience, forex lukman.
Last visit Joined Malaysia. Markets Allocation. Top Mentioned Symbols. All Types. All Accesses, forex lukman. Script access. Market Insight on Bitcoin! Short term Long on USDCAD. Insight on GBPJPY. USDCHF broke out of two months ranging market! Long potential for EURNZD. Looking for long setup as the support was not broken! Opportunity on NZDJPY might come soon. Sideway period for EURCHF. Possible strong move on AUDCAD! Long setup on GBPJPY. Short setup for USDJPY.
Bearish market for USDJPY. Pessimistic sentiment on GOLD! Breakout from low volatility range. Support Become Resistance SBR on UsdChf. GBPNZD making double TOP! Upward Pullback on GBPJPY. Short opportunity! Upward pullback ending! Show more ideas 1 2 3.
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Money FM interview with Lukman Otunuga - 08/02/2019
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LTTB Channel EP 07 with Janis Urste talking about Forex Forex print Lukman - Dancing Glasses - Two dancing glasses! Cheers to your new wall art! This online shop is using cookies to give you the best shopping experience. Thereby for example the session information or language setting are stored on your computer Lukman was also responsible for leading educational seminars for international and local high net worth individuals, and has published a series of educational articles on forex trading with City A.M. Lukman holds a BSc (hons) degree in Economics from the University of Essex, UK and an MSc in Finance from London School of Business and Finance
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