Forex League

2023-06-02 11:25:38 CADCHF 1D

This one is finally changing structure..
This downtrend, after failing to make lower highs and lower lows is now trying to make a higher high. This indicates a reversal.
To complete this move, price will need to make a higher low, and we'll be waiting to see where it forms. More updates will come. Открыть/Комментировать

2023-06-01 11:52:17 GBPNZD 1D

GN is back with momentum..
Price just broke above this monthly key level of resistance, and this means a lot for trend continuations.
We'll have to wait for a pullback before looking for buying opportunities.. more to come. Открыть/Комментировать

2023-06-01 11:27:18 CADJPY 1D

Price broke above this resistance zone around 102.000
As the chart shows, price is retesting and bouncing off of the zone. This could mean a potential move higher.
As long as price doesn't break below the level, we are good for buys. Открыть/Комментировать

2023-05-31 23:02:11 AUDCAD 4H

Price has stretched from this impulse and it may be time for a correction.
If price pulls back to the key level, it will line up with the 50% retracement zone.. This will add confluence to this trade idea.
The impulse move took approximately one month, so this correction might stay another two weeks. We'll continue to remain patient. Открыть/Комментировать

2023-05-31 22:48:41 USDCHF 1D

Price is currently testing the daily resistance level around 0.91000
If price respects the zone, we might see price try to trade back down to the support level.
The price action leading up to the test of this zone indicates that price might try to break above instead. So we'll wait to see what happens. Открыть/Комментировать

2023-05-31 12:12:21 GBPCAD 1D

Price has broken back above the key level..
We'll wait to see what the retest of this zone looks like. If we get a proper retest, we'll be looking for buying opportunities.
The trend is still up, and we've been patient with this one. Once it sets up properly, we'll take buys to continue the trend. Открыть/Комментировать

2023-05-31 11:48:30 GBPUSD 1D

GU playing out well so far.
Price broke below the support level and has now retested it as resistance. Price is already reacting to it, so we might see a drop by the end of the week.
This is a break and retest of the daily key level. We're looking at a 300 pip move. Открыть/Комментировать

2023-05-30 22:47:11 USDJPY 1D

UJ is also setting up for more upside continuations..
After this impulse moves, it is likely that price will retrace. This means that the support zone at 137.500 could be tested.
We'll stay patient with UJ and take buys when the time comes. Открыть/Комментировать

2023-05-30 22:40:13 USDCAD 1D

USDCAD could be setting up for upside continuations.
Price is still in this range, but we might see a break to the upside. If price breaks above this resistance level, we'll be looking for buys on the retest.
The next level target will be around 1.4000, and updates will come as the trade sets up. Открыть/Комментировать

2023-05-30 12:51:23 NZDUSD 1D

NU is very similar to AU.
We have the break of this key support level, so we'll wait for the retest of the zone. If price goes back for a retest and then confirms, we'll look for sells.
No targets yet. We have a potential for a huge drop.. Открыть/Комментировать