Forexleague
NAS100 May 16th, 2022Price is very bearish so we are looking for a short position in the lower timeframe so we could have much better entry.
GBPUSD 4h Analysis May 16th, 2022Price is pretty bearish so we have 3 options. First is riding the bearish momentum now and target the support level. Next is a a breakout of the resistance level to retest the previous resistance level and still be bearish. Lastly, a break below the support level and enter short on the retest.
XAUUSD Daily Analysis May 15th, 2021Gold Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish here on gold and are currently expecting a pullback.
Look for a lower high to form near 1830.00 resistance with good bearish setups to follow. Target lower toward 1800.00 support area.
Trade scenario 2: For us to consider Gold bullish again we need to see a higher low above 1830.00. Look to enter long on strong bullish setups and target higher toward 1870.00 resistance.
AUDJPY 4hour Analysis May 15th, 2022AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking very bearish here on AJ as we saw a daily head & shoulders pattern execute last week.
Going into this week we’re looking for lower highs and rejection from key levels of resistance like 91.000
Trade scenario 2: For us to now consider AJ bullish we need to see a break of resistance around 91.000 with a higher low above.