ForexLeague

ForexLeague

Monthly - Bullish Weekly - Bullish Daily - Bullish 4Hour - Bearish Scenario 1: EJ has been looking bullish for a while and it has put us into an area we haven't seen since 2008. My max target on a long position would be around 171.400 due to the lack of other structure to base levels off of. It's likely we will continue bullish but nothing would be confirmed...

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Monthly - Bullish Weekly - Bullish Daily - Bullish 4Hour - Bullish "Do you think it's Bullish?" Scenario 1: We are kind of in uncharted territory because we have not seen UJ near these highs since 1991. Not sure I trust those levels so my max target for a long position will be the 160.00 area where the most recent highlighted wick is. We just need more structure...

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Monthly - Bullish Weekly - Bullish Daily - Bullish 4Hour - Ranging Scenario 1: We can see a clear range that price action is stuck in on the 4hr but overall all other TF trends are strongly bullish. We are looking for a break above the range with supporting structure. If bullish conviction is spotted and we can confirm a higher low above the range it's likely we...

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Monthly - Bearish Weekly - Bearish Daily - Ranging 4Hour - Ranging Scenario 1: We have been ranging for weeks and just found support for price action around 0.65800. Look for a higher low above the 0.66200 zone, If this happens expect AU to be move to the top of the range. Scenario 2: If the range breaks bearish look for price action to form a lower lower...

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Monthly - Bullish Weekly - Ranging Daily - Bullish 4Hour - Bullish Scenario 1: It is likely price action will continue higher but needs to find some footing above the 105.400 resistance zone. This would mean a bullish dollar for the week ahead. Scenario 2: If price action fails to push above our 105.400 zone we could see a sharp bearish leg. Look for lower highs...

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Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish on GOLD! We are due for some structure so that is a high priority at the moment before we can enter any trades. Ideally, price action confirms new structure near 1900.00 with bullish setups we can enter long on. Trade scenario 2: If we want to...

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EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking bearish on EJ with some dramatic swings in both directions as of recent. Going into this week we want the bearish trend to continue but we need to see more clear price action. Ideally, price action slows down and shows us clear rejection from 140.750....

ForexLeague

USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Clearly we are bearish overall and in a healthy trend. Going into this week we’re looking for the trend to continue bearish. Ideally, we can spot clear rejection from our 131.000 area and enter short. Trade scenario 2: If we are to consider a bullish...

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AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are actually bearish but this large 4hour range is throwing off some lower timeframe trends. As we know, we have to let the range do its thing as it is very likely the range will continue. We specifically are looking for reactions near our key...

ForexLeague

AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish overall on AU but we have some minor zones to be aware of before we enter into any positions. Going into this week we want to see clear price action and confirmations. Ideally, we see the next higher low with strong bullish setups we can enter...

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DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are significantly bearish on DXY. Going into this week we’re looking to continue with the bearish trend but we are seeing some consolidation just below 102.700 that needs to play out. Ideally, we can spot rejection from this area and identify the...

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Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We have been seeing gold turn very bullish but we also noticed a consolidating pattern which usually suggests a large move is imminent. Going into this week we’re looking to continue with the bullish trend. The safest scenario would be to see another rejection...

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EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support. The most likely scenario is price action forming a lower high below 140.750 which we can enter short on. Trade scenario 2: If we want to consider EJ...

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USDJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are clearly looking bearish on UJ as expected due to DXY falling. There is a strong likelihood we will continue bearish this week but personally I am not satisfied with the current price action, we are a bit extended with a large amount of volume still in...

ForexLeague

AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking quite bearish on AJ but we are in the process of confirming a retest. Recently, price action rejected 91.000 resistance and started forming a lower high. These are all great signs that price action will continue bearish but we are not convinced...

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AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are definitely looking bullish this week as AU is in an active long position. Most likely price action will push to 0.68500 resistance before reverses. If we get an opportunity to re-enter we want to ideally ride the bullish trend and look for confirmed...

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DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on the USD as we enter the new year. We ended the year with some consolidation near our 103.800 zone followed by a recent break of 103.800. Looking into this week it’s likely we will see the USD continue bearish. Look for lower highs to confirm...

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Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish here on gold but price action is having a hard time breaking through 1800.00 resistance. If we are to continue bullish we need that break above 1800.00 with structure above. Trade scenario 2: If we are to enter short we want to spot strong...