Forex League

2023-05-02 00:16:17 CADCHF 1D

We're still waiting for the completion of this pullback.
Price can still go all the way to the resistance level to complete the pullback. That's where we have our eyes on.
Once the pullback is complete, we'll start looking for selling continuations. Открыть/Комментировать

2023-05-02 00:12:30 EURCAD 1D

Price is pulling back after the impulse move to the upside.
We're interested in the support level which is indicated by the black horizontal line.
If price pulls back to that zone, we'll be watching out for buying opportunities. Открыть/Комментировать

2023-05-01 12:21:43 EURJPY 1D

Finally, we have the break above the daily/weekly resistance!
Price smashed through the level with serious momentum on the close of the monthly candle. Now we'll wait for a pullback before looking for any trading opportunities.
If price pulls back to the zone, we'll be looking for continuation entries. Открыть/Комментировать

2023-05-01 12:10:13 CADJPY 1D

Looks like CJ is finally ready to change trends on the daily timeframe.
We can see this slow transition and change of structure as the downtrend is now making a switch to the upside.
We're waiting for that switch to complete. We need price to break above this resistance and continue to the upside. Once we have a clear break, we'll look for buying opportunities. Открыть/Комментировать

2023-05-01 11:58:24 AUDNZD 4H

Price finally broke below this daily level with momentum.
Now, price is pulling back to the zone for a retest. Should we sell?
We'll need to see what the retest looks like, or if price will actually test the level as resistance. If there's a test and price begins to fall, we'll look for selling opportunities. Открыть/Комментировать

2023-04-28 11:43:28 GBPJPY 1D

GJ finally at 169.000
After a long while, price eventually finds its way to the daily/weekly level. What's next?
First off, we can't continue to buy, not yet. Price is testing a key resistance level. We'll wait to see how price reacts around here... most likely we'll see price reject the level and take a dump. If price eventually breaks above the zone, we'll stay on course with buying opportunities. Открыть/Комментировать

2023-04-28 11:19:30 USDJPY 4H

UJ had no doubt of continuing to the upside.
We see the higher highs and higher lows as price continues to push higher. We also see the trendline that price has been respecting.
Since price has broken above the key daily level, we'll look for buys on the retest. Открыть/Комментировать

2023-04-27 21:48:37 XAUUSD 4H

Gold looks miserable right now.. There's no clear direction, just wicks here and there..
No need to rush. As Gold continues to consolidate, we'll focus on other pairs.
We'll be back once price breaks out of this range.. Either the break to the upside, or price falls below. Once there's a break, we'll bring our focus back to Gold. Открыть/Комментировать

2023-04-27 21:44:17 GBPNZD 4H

GN has been trending to the upside for the last two months. All we've done is take the pullbacks before the continuations.
At the start of this week, price pushed with bullish momentum breaking above the last high. Now, price has pulled back to the zone.
Except we see a change of trend from here, then price should overall continue towards the black horizontal line, which is the weekly level. Открыть/Комментировать

2023-04-27 13:16:40 AUDNZD 4H

We're waiting for price to line up for selling continuations..
Price dropped hard from the resistance level into the support level. We're now waiting for the break of this support level.
Once price breaks the support level, we'll be looking for sells on the retest of the level. Открыть/Комментировать