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.
NAS100 4h Analysis May 9th, 2022The overall bias is still bearish but as we approach the support level of the daily timeframe buyers could push this pair to the upside. But price could easily break the support level so be patient wait for more confluences in the market.