Forex League

2023-05-10 11:59:51 NZDJPY 1D

While we wait for AU to break out of its range, we celebrate NJ.
NJ has been ranging since the start of the year, with no decent trading opportunities to work with. Now, price has broken above this consolidation.
We'll be waiting for the retest of this zone to take buys. Открыть/Комментировать

2023-05-10 11:41:32 AUDUSD 1D

AU continues to play the range.
Since the month of March, price entered a serious consolidation. This is usually a preparation for a big move. So if price eventually breaks to the downside, then we might see long-term downsides.
As of now, we'll continue to watch. Since price is testing the top of the range, we can see a drop back down to the bottom of the range. Открыть/Комментировать

2023-05-09 21:52:05 USDCAD 1D

UCAD back within the range.
Now, we're not sure where price is headed as continues in this range. We'll have to wait for price to break below this support level to continue looking for sells.
As long as price continues to stay within this range, we'll not take any trades. Открыть/Комментировать

2023-05-09 12:16:46 GBPAUD 4H

GA is slowing changing structure as well.
The trend is still up, but we can see price trying to put in a head and shoulder.
We'll now wait for price to break below this support level with momentum and then we could switch from bullish to bearish. Открыть/Комментировать

2023-05-09 12:11:45 GBPCAD 12H

We're watching this key level for bullish continuations as price is currently testing it as support.
This is a daily/weekly key level and we'll need to see rejections and a bounce away from this zone.
Once the confirmation is clear, we'll continue with longs. Открыть/Комментировать

2023-05-08 21:47:31 EURNZD 4H

Looks like EN has changed its trend.
We had a great time buying this pair throughout the month of April, but now the momentum has changed.
Since price broke below this key level, we'll be looking for a pullback to look for selling opportunities. Открыть/Комментировать

2023-05-08 21:41:16 EURUSD 4H

As EU continues to play the sideways game, we'll wait.
We do not need to force a trade or tell a story that'll make us want to take one. We continue to wait as two scenarios are likely.
We'll only look for a trade setup once price breakout of this range, either to the upside or to the downside. Открыть/Комментировать

2023-05-08 11:38:17 CADCHF 1D

Price finally comes back for a retest.
This level matches the 78.2% retracement level, so price can take a hit from here.
We're watching intently for rejections and then a fall to the downside. Открыть/Комментировать

2023-05-08 11:30:28 EURJPY 1D

EJ is similar to GJ. We talked about this potential buying opportunity toward the close of the NY session on Thursday.
As we clearly see, price bounced off the key level and could be heading for upside as well.
We'll hold to see if price creates a higher high, so first target is around 152.000 Открыть/Комментировать

2023-05-08 11:26:50 GBPJPY 1D

We can see how price out exactly as we talked about.
We had the clear breakout of the key level and we agreed to go long on the retest of this zone.
Price came down to the zone, and after picking up orders is now headed to the upside. A new high could be set at 174.000, but we'll be looking at first targets around 400 pips. Открыть/Комментировать