MonLife Fx Institute

03/08/2025

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Trading is Just RetailMany overcomplicate forex trading, treating it like a secretive skill or business that only special people or experts or geniuses can master. But if you've ever operated a simple neig...

31/07/2025

The book is ready for reading. Free for first 10 people to inbox🥰🥰🥰😎

18/06/2025

Buy gold right now and target 3398.00 or 3402.00 or more and use 3382.00 as stop

18/06/2025

Explanations and analysis of Current Market Structure of gold in the daily chart or market
📍 Trend Direction:
✅ Overall Direction: Bullish

Price has been making higher highs and higher lows since late April.

The most recent daily candles show resilience near the 3400–3450 zone.

🔄 Current Phase:
⚠️ Consolidation at the Top (Distribution Phase Possibly Forming)

After a bullish run-up, price is pausing just below a recent high.

Candles are showing smaller bodies and wicks, indicating indecision or absorption of buy orders.

📆 Today’s Likely Move:
The most recent daily candle or yesterday's candlestick closed with a small body and wick, suggesting buying pressure weakening.

If price holds above ~3370–3380, bulls may attempt another push to retest 3450+.

However, if price breaks and closes below 3370 (support), it could retest 3310–3330 short term.

📈 Key Zones to Watch:
Type Level (approx) Significance
Resistance 3448–3455 Major high zone, supply area
Support 3370–3380 Key breakout zone, demand area
Support 3310–3330 Next support if 3370 fails

🔮 Conclusion – What’s the Next Likely Move?
🔔 If today’s candle holds above 3370 and prints a bullish body:

Expect continued bullish momentum → possible retest of 3445–3455.

🚫 If today’s candle breaks and closes below 3370 with strong bearish candle:

Expect a short-term pullback toward 3330–3310 before another rally.

17/06/2025

Based on XAUUSD H1 chart shared, here’s a clear breakdown:

🔍 Current Phase
Consolidation within a descending channel (bull flag structure).

This typically suggests a bullish continuation — especially when it forms after an impulsive bullish move (as seen in the left part of the chart).

🧭 Trend Direction
Higher timeframe trend is bullish.

Current short-term trend: pullback within a descending channel.

Price is respecting support at 3386.55 and forming higher lows inside the flag.

✅ Buy Entry Setup
You're looking for confirmation before entering:

Look for bullish candlestick patterns (like bullish engulfing, morning star, or a strong pin bar) at or near 3378.69 or 3386.55.

A break and close above the descending channel (around 3398–3402) would confirm bullish momentum — that would be the safer breakout entry.

📌 Entry & Exit Zones
Buy Entry Idea 1 (early):
Around 3378–3386 (support zone inside the flag).
✅ Only if a bullish pattern confirms here.

Buy Entry Idea 2 (safer breakout):
On a strong breakout and close above 3402.
🎯 TP1: 3415
🎯 TP2: 3430
❌ SL: Below 3380 (if buying early) or below breakout candle if buying the breakout.

Sell?
❌ No good sell setup right now. Only consider selling if price breaks and closes below 3386.55 with strong bearish volume.

📝 Summary
Current Phase: Bull flag (bullish continuation structure).

Trade Bias: Bullish, but wait for confirmation.

No trade yet? Wait for breakout or bullish candlestick confirmation at support.

Already long? Consider holding above 3386.

17/06/2025

GBPUSD SELL TRADE WE TOOK HOURS AGO HAS HIT TP. If you didn't put tp manually close your trade. Wait for next signals

17/06/2025

Today’s Entry & Exit Levels for Gold
Buy-the-Dip (Trend Continuation)
Entry Range: $3,370–$3,380.
Note: look for buying entry signals with confirmations around 3370 today
or for a safer entry wait for 4hr to close above 3404.50. Target 400 pips
That is tp will be 3445.00 which will be around 400pips. No signal or set up no trading. Trade only when you see a signal or set up.

Stop-Loss: $3,350

Take-Profit Targets:

TP1: $3,440–$3,450 (recent intraday resistance)

TP2: $3,500 (psychological level and prior all-time high)

17/06/2025

Trending Currency Pairs for Today
USD/JPY & AUD/JPY – Yen Weakness / Risk-on Rally
Trend: Strong uptrend, as the safe-haven yen softens amid improved risk appetite.
Why it’s trending: Traders are buying risk; USD/JPY and AUD/JPY are breaking higher ahead of the BoJ and Fed meetings
Consider long positions or breakouts above today’s high, riding the momentum.
Phase: Momentum-driven push with room to run—trend continuation likely.

17/06/2025

GBP/USD – Mixed/Bearish Short-Term
Trend: In a rising wedge pattern—signaling potential short-term reversal .

Why it matters: Approaching resistance near 1.3635–1.3650. Breakouts or rejections here could define today's direction.

Phase: Setup stage—either a breakout continuation (bullish) or reversal (bearish). Watch price action closely.

12/06/2025

Buy gold now and 100 pips or 3398.00