ForexLeague

ForexLeague

NZDUSD Short Idea Price action perfectly rejected off the daily 38.2% fib level around 0.64280 and is showing strong bearish pressure toward our target at the -27% fib level around .60440 This pair may show a slight pullback at the current level which would potentially give us another opportunity to enter on a lower high followed by more bearish variations If...

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NZDJPY Short Idea As our analysis suggested last week, we were bearish on NJ. Current price action broke through weekly support and is now testing the 38.2% daily fib level around 69.28 We could see price start to fall from this region toward the lower trend line & support level around 68.00 If price action break that 68.00 level we will continue to target...

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AUDJPY Short Idea AJ still has a lot to prove at the current zone to confirm our short idea, however, everything I typically look for is lining up nicely We have a major resistance at the current level and again at 75.000, I’ll be looking for higher timeframe bearish variations for me to gain reason to start dropping timeframes with intent to enter a...

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AUDUSD Short Idea On par with the analysis last week AU dropped after a double top formation, confirming rejection of the monthly zone around 0.68500-0.68800 Recent price action this week already has found some minor support around our moving averages, so this may give us another potential opportunity to enter on a lower high/more confirmation Look for strong...

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AUDUSD Short Idea Overall price action on higher time-frames has been bearish and we are looking to short upon proper confirmation at the current level Current price action is at the daily 50% fib level as well as a major daily resistance around 0.688 Ideally rejection from this level in the form of strong bearish signals would be enough confirmation to...

ForexLeague

NZDJPY Short idea Price action on higher time-frames has been primarily bearish so we will look to trade with the trend after a strong bearish signal at a key level is formed Current price action is at the daily 38.2% fib level right now as well as weekly resistance, if price confirms a reversal here it would solidify a daily double top pattern Ideally we would...

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USDCHF Short Idea Price action recently broke out of a bullish trend last week and is now establishing a new bearish trend which we now want to trade with In order to confirm our short idea we need to see price action retest broken support as resistance. Price action could fall from the current level toward a daily support level around 0.9800 before forming...

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NZDCAD short Idea On higher time-frames we have seen that this pair has been very bearish and as always we trade with the trend Current price action has yet to form higher time frame structure, so we will look for price to reach our daily 38.2% fib level around 0.8500 or even the 61.8% around 0.86500 Ideally a swift push to the 38.2% fib level and weekly...

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AUDJPY Short Idea Price action has been primarily bearish on higher time-frames and we will continue to look for potential short entries Current price action is at key daily resistance around 74.500 as well as the daily 61.8% fib level Ideally we would like to see a strong bearish signal at this level before targeting lower. A bearish engulfing or evening...

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GBPAUD Long Idea Price action has been bullish since mid July so we will stick with the trend until we see Higher Lows being broken on the larger time-frame trends Current price action has swiftly broken through key resistance last week due to positive gbp news so we will look to enter on a retest of that resistance now turned support which will also line up...

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AUDUSD Short Idea Price action for AU has been majorly bearish on larger time-frames so we will look to short in favor of the trend Current price action has rejected the 50% fib level & key resistance around 0.688 the current pattern looks a lot like a head & shoulders pattern as well Upon enough confirmation we will look to short and target the monthly support...

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EJ Short Idea Price action has been majorly bearish on the daily and weekly timeframes and we are waiting for a confirmed reversal around one of our prz level. Currently price is at the 50% weekly fib but we would ideally like to see the 61.8% fib level hit and rejected Our target will be the monthly support level around 116.000 followed by the -27% fib level...

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NZDCAD Short Idea Price action on the daily and weekly time-frames have been majorly bullish but have yet to form structure after this extended push to the downside According to our rules we would like to see price action come up to the 38.2% fib level at least before continuing. Ideally a push to our weekly resistance and 38.2% around 0.85000 would be...

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USDCHF Trade Idea Price action on the weekly timeframe has been stuck within a wide range between 0.94000 and 1.03500 Current price action on the daily timeframe has been steadily bullish and has just broken above a daily resistance level around 0.99000 If we take a look at where price action is we can see it is consolidating in an ascending triangle, this...

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UsdChf Trade Idea Recent price action since August has been bullish up until this monthly resistance level where are seeing a little bit of buyers exhaustion Ideally we would like to see price action test the daily 61.8% fib level (in blue) around 0.99150 and continue the trend after a strong bullish signal presents itself. Our target will be the monthly...

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GbpUsd Daily Short Idea As we know GU has been primarily bearish on all higher time-frames Price action recently rejected the weekly resistance around 1.25500 at the end of September We are now looking for price action to test broken structure as well as the daily 78.6% fib level Ideally a strong bearish pattern like an engulfing or star pattern that blows...

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Gold (XAUUSD) 10/6/19 Gold Long Idea Last week price action completed a Head & Shoulder pattern after a break of key support turned resistance around 1485.00 then quickly reversed and blew back through key resistance turning back into support. Gold is now in a consolidation phase and is building momentum for the next explosive move. The 4hour 38.2% fib level...

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NzdUsd short Idea Still waiting on NU to reach a prz level for this week Current price action is at the 23.6% fib level and is showing signs of bullishness on lower time-frames. We would like to see this pair present an opportunity half way through the week. A rejection off of the 38.2% fib level as well as broken structure is what we are looking for. Ideally...