Forex League

2023-05-30 12:43:21 AUDUSD 4H

AU is still building up for continuations to the downside.
Notice that we're waiting for the retest of the resistance level to look for sells.
Price may not go up all the way to retest the zone. Still we'll watch price action closely and react accordingly. Открыть/Комментировать

2023-05-29 22:37:24 GBPJPY 1D

GJ, so far +525 pips.
Price is making a new high. This means that we'll take a large chunk of partials as part of the trade management.. We'll leave out the rest to continue running 175.000 in sight..
We had bank holidays today, so we'll look at other major pairs tomorrow. Открыть/Комментировать

2023-05-29 22:32:34 EURJPY 1D

EJ so far +400pips.
Price is already at the previous high so this is where you can either close or take a chunk of partials.
We still expect a higher high here as the trend is still clearly up, so we'll wait to see what happens in the next few weeks. Открыть/Комментировать

2023-05-17 21:39:33 EURJPY 1D

EJ is doing well but still has alot of catching to do. So far +230 pips.
We'll continue to hold as there is still room for upsides here.
These're all very simple, basic trades. All doing very well. Открыть/Комментировать

2023-05-17 21:37:31 GBPJPY 1D

GJ moving with momentum. so far +350 pips.
Price is at the previous high, so it will be wise to close a large chunk of partials or close the trade altogether.
A higher high is still very much possible from here, but we're not taking any chances. Открыть/Комментировать

2023-05-17 21:29:59 USDJPY 1D

UJ hits take profit, 320 pips.
This was a simple trade idea which played out to the pip. We were looking for the bounce, in connection with the double bottom.
Since price has gotten to this supply/resistance zone, we can expect a reaction. Открыть/Комментировать

2023-05-17 12:11:37 GBPUSD 1D

GU is very similar to EU.
We're still waiting for the break of this support level. No sells yet.
We'll have a long way to go if price breaks the support level. All we need to do is wait for price to break below this support. Открыть/Комментировать

2023-05-17 11:58:06 EURUSD 1D

EU continues to line up with selling opportunities.
We're now waiting for the break below this support level. Price is already attempting it, so we'll see if it will be successful.
If price breaks below this level, we'll be looking for sells on the retest. Открыть/Комментировать

2023-05-16 11:57:20 USDCAD 1D

USDCAD is officially in a range. This is another time to wait.
This consolidation started in Nov 2022. Price tried breaking out a few times but failed to stay above the consolidation.
We'll have to wait for price to clearly breakout of this range, either to the upside or to the downside. Открыть/Комментировать

2023-05-16 11:48:52 EURJPY 1D

Here's the update on EJ.
Price came back for a deeper test of the level and bounced. This, being a solid bounce, aids the confirmation for more upside moves.
The structure hasn't changed. We're now waiting for more momentum to kick in to finish off this trade. Открыть/Комментировать