Forex_League_Analysis

Forex_League_Analysis

AUDJPY Long Price is forming a corrective structure on the 1h timeframe. Wait for price to retest the weekly zone and previous resistance zone at 77.0. Enter on bullish momentum/variation. We can wait for price to break and retest the resistance trendline on lower timeframes.

Forex_League_Analysis

USD is still showing signs of weakness but is very clearly overextended. Trade Scenario 1: Short - For us to take a short we will need to see a break and retest of 1.291. Price is a bit overextended and at higher time frame support levels so we need to be patient on the retest as a fake breakout can occur at these levels. Trade Scenario 2: Long - For us to...

Forex_League_Analysis

Price has been consolidating in a box pattern for the past two days. NU has been in a strong bullish channel for a few weeks but is getting close to key supply zones on the higher time frames. Trade Scenario 1: Long - We want to see price break and retest the 0.7077 handle. We will look to enter on any bullish momentum/variation. Look to first target the top of...

Forex_League_Analysis

USDJPY Short Price is consolidating around the 200MA on the 1h and 30min timeframes. 104.250 has been a key level of support so we are waiting for a break and retest of this level. Enter on bearish engulfing/variations and look to first target 103.7 for profits.

Forex_League_Analysis

USDJPY Short Price is still respecting the 200MA on the 4h timeframe. We need to see price break the supporting trendline and the 200MA on the 1h timeframe. Look for a corrective structure to form a LH around the 104.3 zone. Take shorts on bearish momentum/variation.

Forex_League_Analysis

Trade Scenario 1: Bullish - We need to see price break above the minor level of resistance and key monthly level at 139.8. Enter on a retest of this level on any bullish momentum or variation. Trade Scenario 2: Bearish - We have a significant level of support at the 139 zone, including the 30min 200MA. We will need to see price break down past 139 handle before...

Forex_League_Analysis

AUDJPY Long Price has made a beautiful break and retest to the upside. Wait for price to pull back to at least the .382 fib around 77.250. Still targeting profits at the key weekly level of 77.6 We are already at key supply zones on the higher time frames so take longs cautiously up at these levels.

Forex_League_Analysis

Trade Scenario 1: Bearish - Price is bearish across all time frames but currently at a key demand zone. We will need to see price break below .899 and then form a clear LH flipping the .899 zone to resistance. Trade Scenario 2: Bullish - For us to consider longs we need price to break above .903 handle and above the 200MA on the 30min. We will then look for...

Forex_League_Analysis

Trade Scenario 1: Bullish - Price is still above the 200MA on the 1h timeframe. For us to go long we need price to find support above .737 handle. Wait for price to break above this level before looking long. Trade Scenario 2: Bearish - Price is starting to print a LH on the 1h timeframe. We still need price to break below the 200MA on the 1h timeframe, and...

Forex_League_Analysis

GBPUSD Short Price has just printed a bearish engulfing on the 4h at the top of an ascending channel. We are still waiting for price to break minor support below 1.331 handle before looking short. After structure is broken, wait for corrective pattern to form a clear LH around or below 1.331

Forex_League_Analysis

EURJPY Long Bulls have stepped-in and price has broken to the upside past the 125.00 handle. Furthering confirmation of the inverted H&S pattern on the 4h. Wait for bullish corrective structure to form. Price can pull back to 125.00 handle to test the neckline on the inverted H&S, so be patient on this pair.

Forex_League_Analysis

GBPJPY Long Price has broken key resistance level creating a new HH. Wait for price to pull back to the .318 fib and key monthly level at the 139.8 zone. Enter on strong bullish momentum/variations. Target the -.272 level at 140.65

Forex_League_Analysis

Price is starting to break above the 77.0 level. Wait for a clear breakout to the upside and then a retest to create a HL above the 77.0 zone before entering long. Target would be at key weekly level at 77.6

Forex_League_Analysis

USDJPY Short Price is forming a rising wedge up into a key weekly level and the 4h 200MA, which price has respected for months. Enter on strong engulfing out of the support structure or wait for a break and retest on lower timeframes.

Forex_League_Analysis

Trade Scenario 1: Price action continues bullish. Possible double bottom forming on the 1h. Wait for price to break above .737 and come back to retest this level to form HL. Enter on bullish momentum/variation. Trade Scenario 2: Price action goes bearish . We will need to see price break below the 200MA on the 1h timeframe and then look for a LH to form on strong...

Forex_League_Analysis

1.340 Still acting as strong resistance. Waiting for a break to the downside below minor support at 1.332. Wait for this level and the 200MA on the 1h to be retested and flipped as resistance. Enter on bearish confirmations/setups.

Forex_League_Analysis

Price has been ranging between 77.0 and 76.5 for the past week. Wait for a break and retest above or below this range. Breakouts should have conviction, with long bodied candles closing past these resistance and support levels. Then wait for corrective structure to form.

Forex_League_Analysis

GBPJPY Short Idea A key monthly level at 139.8 is acting as strong resistance and possible double top. Price has broken the 1h structure and starting to form a LH around the 200MA on the 30min timeframe. Wait for price to break below 139 for stronger short confirmations.