Forex League

2023-05-04 21:53:36 EURCHF 1D

Price is finally breaking below this consolidation.
We'll wait to see if the current candle closes below this level and then we'll scale down to look for selling opportunities.
No targets yet. This trade is still setting up. Открыть/Комментировать

2023-05-04 21:41:47 EURJPY 1D

We've been waiting for EJ.
First we had the breakout, then we're seeing the retest of the key level. What's going to happen next?
We're going to wait for the clear rejection and bounce off of this zone. Then we'll take the continuations to the upside. Открыть/Комментировать

2023-05-04 13:02:12 USDJPY 1D

Price fell from the resistance zone like we said it would. This fall brought about 300 pips.
Now, price has come back to this support zone. The current daily candle is reacting to the zone. If there's a rejection and a bounce, then we'll see a move back to the resistance zone.
If price will bounce from here, then we might have enough momentum to break the resistance zone. We'll wait to see how this plays out. Открыть/Комментировать

2023-05-04 12:55:50 GBPAUD 4H

Following the last update on GA, we were only looking for a short bounce off of the zone.
Price bounced off the zone for 200 pips. But now the weekly resistance level is around 1.89000.
We wanted a short bounce, we got a short bounce. Now we'll move on to other pairs. Открыть/Комментировать

2023-05-03 12:58:10 USDCAD 1D

Looking at the charts, we were waiting for the complete test of 1.35200 before bullish continuations.
Price did not drop deep enough for the test before pushing up. Now we have to wait for price to clear out the resistance level before looking for buying opportunities.
We'll be taking this as a break and retest if it sets up that way. Открыть/Комментировать

2023-05-03 12:32:06 NZDCAD 1D

NCAD is claiming this reversal.
If we zoom out, this looks like a bull flag pattern. This usually depicts a correction after an impulse move.
Since we're waiting for the uptrend to come back into play, price will first need to break above the trendline and the resistance zone. Открыть/Комментировать

2023-05-02 23:57:45 USDJPY 1D

UJ pushed bullish into 137.500.
Price reacted to the level and is now taking a fall. How far will it drop?
Well, we can't say for sure as we're not so interested in sells. We're waiting for another opportunity to buy. So if price once again breaks above 137.500, we'll look for buying opportunities.. Открыть/Комментировать

2023-05-02 23:10:25 GBPAUD 4H

GA, after the last push to the upside has come back all the way down to the 4h/daily level for a test.
As we can see, price is reacting and bouncing off the level, so it is likely that it will continue higher.
We're not expecting a higher high just yet. The weekly/monthly resistance level is around 1.89000 so we'll have to carefully watch our positions. Открыть/Комментировать

2023-05-02 12:37:18 GBPUSD 1D

GU continues to move sideways..
Price is still trading above this support level, so sells should not be in the picture. This week is packed with high impact news events which can affect GU.
We'll need to treat this pair with utmost care to avoid being caught up on the wrong side or getting wrecked. Updates will follow. Открыть/Комментировать

2023-05-02 12:26:31 GBPJPY 1D

We've been wondering what's going on with GJ. What's price doing, and how can we follow through?
Looking at price action, it looks like price is done with the push phase. We had seen bullish momentum in the last few days and now price might start a pullback.
We'll wait to see where the pullback ends. And then we'll look for buying continuations. Открыть/Комментировать