Forex League

2023-04-18 21:48:46 EURJPY 1D

We're waiting for the pullback on EJ.
Price broke above 145.500 and push for a new high. Now we're looking for buys on the retest.
We'll stay patient for that to happen.. Открыть/Комментировать

2023-04-18 11:46:28 USDJPY 1D

UJ. Price is slowly transitioning into an uptrend.
The current obstacle is the resistance level at 134.500. Price needs to break this zone to continue moving to the upside.
If price breaks this zone, we can look for buying opportunities to the next zone. Открыть/Комментировать

2023-04-18 11:31:16 EURAUD 4H

Here's EA. We've been waiting for the retest of this key level for a while now.
For buys to continue, price needs to reject the zone and bounce. If that happens, then the trend might continue to the upside.
Targets would be at the previous high or at a new high. Открыть/Комментировать

2023-04-17 21:41:47 GBPCHF 1D

Here's GBPCHF, and we're clearly in a range.
In situations like this, it is best to stay out. There's no need to fight any positions.
Price can bounce off this support to continue the range, or price can break below this support. If price breaks below the level, we'll look out for selling opportunities. Открыть/Комментировать

2023-04-17 21:25:56 GBPUSD 4H

Remember GU we talked about last week? We are still trading around the weekly level of resistance.
Price created a double top and is not following through to the upside. Since price is rejecting the weekly level, it will not be wise to look for buys.
We'll still allow price to develop some more. We'll be looking for trading opportunities as time progresses. Открыть/Комментировать

2023-04-17 11:43:53 NZDCAD 4H

NCAD finally breaks the support level.
The trend is clearly to the downside. Look at how price continues to form lower highs as the trend continues to the downside.
Now price has broken below the level, we'll now wait for the retest. That's when we'll look for selling opportunities. Открыть/Комментировать

2023-04-17 11:33:28 EURNZD 4H

EN from last week Friday is now pushing to the upside.
Price bounced off from this daily level last week as we talked about.. Now price is set to make a higher high in this trend. So far +200 pips.
Target is around 300 pips. We'll just wait to see if price will stretch some more. Открыть/Комментировать

2023-04-17 11:18:46 USDCAD 1D

After the massive drop last week, price is now resting on a daily support level.
Since price has already dropped massively, it is likely that there will be some sort of relief rally.
We're not going to force buys from this support zone. We're simply just stating what can happen from this zone. Открыть/Комментировать

2023-04-14 11:42:01 GBPAUD 4H

Another bounce is possible on GBPAUD.
We took the bounce from the previous higher low which made the new high, and now price might be bouncing here again.
If that happens, we'll just continue to ride the trend. Открыть/Комментировать

2023-04-14 11:39:46 EURNZD 1D

Price is still clearly in an uptrend.
This daily support level around 1.75000 was a resistance level a week ago. Price broke above it and is back for a retest.
If price successfully hits a bounce here, then a new high is imminent. Открыть/Комментировать