GBPUSD 1h Analysis February 14th, 2022Market is not clear it is still ranging so we could possibly do is to wait for the retest of the support then enter bullish trade.
Forexleague
EURUSD 1h Analysis February 14th, 2022Price is already approaching our support level which is a good sign for us to watch this pair for our possible setup. Now be careful not to enter early so wait for confirmations before entering a trade.
USDCAD 1h Analysis February 11th, 2022Still in a consolidation period but price is pretty bullish in the short term bias could pullback and retest the support level. So we could buy at the support level then target the resistance level.
GBPUSD 1h Analysis February 11th, 2022Yesterday the price retested the 4h resistance level. Now that it is pulling back and would like to retest it again could be the possible scenario for us or look for the next level of danger in the lower timeframe.
EURUSD 1h Analysis February 11th, 2022The price is currently in the support level now. As the price broken below the support level we are anticipating that it is now a retest of that level. So we are interested to go short and look for confirmation in the lower timeframe.
USDCAD 1h Analysis February 10th, 2022In overall structure we are still in consolidation period. But since the volume now is moving to the upside then either we could ride the momentum or wait for the pull back.
GBPUSD 1h Analysis February 10th, 2022Price is really moving sideways for now and we are neutral with our directional bias. So if the market closes below the support below then we are short if it rejected it then we are bullish.
EURUSD 1h Analysis February 10th, 2022Just wait for the hourly candle to close below the support level to confirm our short bias in the market. If it didn't happen wait for further confirmations to support our bias.
USDCAD 1h Analysis February 8th, 2022This pair is till ranging, the market hasn't broken any key levels so we are still in consolidation period. If you want to trade it by buying at the support and selling at the resistance it's fine. Or just wait for the price to break either support or resistance level.
EURUSD 1h Analysis February 8th, 2022Price broken the support level but it could be a liquidity grab if it can't manage to push to the downside. It's crucial to enter short right away so be careful and wait for confirmations.
GBPUSD 1h Analysis February 8th, 2022Still bearish with the overall market structure and as we could see that the price rejected the resistance level. Now we could ride the bearish impulse then target the next possible level of danger.
USDCAD 1h Analysis February 7th, 2022The momentum of this pair is bearish and we could ride it or wait for confirmations. If you are a momentum trader a quick short would be a good one if not then no.
GBPUSD 1h Analysis February 7th, 2022The market structure is still bearish and we are looking for short positions. We could ride the bearish impulse now during NY session.
EURUSD 1h Analysis February 7th, 2022Market is still ranging since the weekly high hasn't been broken. We are waiting for the price to break whether the weekly high or the support level. But we are more interested to short the market based from the massive bullish impulse last week that needs to have a retrace.
XAUUSD 4hour Analysis February 6th, 2021Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking overall bullish here on Gold but we are still technically between the range of 1825.00 & 1785.00.
The most likely scenario is that price action continues to range.
Trade scenario 2: For us to get into some high probability long setups we want to see a break of 1825.00 with a higher low above.
EURJPY 4hour Analysis February 6th, 2022EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are looking extremely bullish as well as over extended here on EJ. When we see this much volume and lack of structure it makes it difficult to find a trade opportunity. We essentially need to wait for the market to resume normal movement.
Ideally, we can see some consolidation followed by a structure forming higher low before continuing with the trend.
Trade scenario 2: Price action could also pullback quite a bit due to the previous volume. Look for price action to fall back below 131.450 and form a lower high below.
USDJPY 4hour Analysis February 6th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking very bullish here on UJ and it seems to be setting up nicely for a long opportunity. We need to see a higher low above our 115.000 level before we enter a position.
Trade scenario 2: For us to consider UJ bearish would need to see price action fall back below 115.000 and form a lower high below.
AUDJPY 4hour Analysis February 6th, 2022AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish here on the 4hour as we saw a recent break of our 81.500 resistance.
From where we are now we need to see a few confirmations before we can enter long. Look for strong bullish conviction candles off our new 81.500 support levels.
Trade scenario 2: For us to consider AJ bearish we would need to see a break of 81.500 again with a lower high below.
AUDUSD 4hour Analysis February 6th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AU and last week we saw a significant bearish leg form.
From here we’re looking to continue with the bearish trend and we will be looking for lower high setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break of resistance near 0.71000 with a higher low above.
DXY (USD Index) 4hour Analysis February 6th, 2022 DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are recently looking bearish here on DXY and we could continue in that direction. We just need to establish structure before we can determine where price action is going next.
Ideally we can form strong lower high formations below 95.800 to consider entering short.
Trade scenario 2: For us to consider DXY bullish again we would need to see a break of 95.800 with a higher low h above. This would be the first step in continuing with the higher timeframe bullish trend.
USDCAD 1h Analysis February 2nd, 2022Now that the price is in the support level we wait if the price could break below it or could sustain it. If it manage to break below it we are looking for short posisitons.
EURUSD 4h Analysis February 2nd, 2022Still bearish in overall structure and bias with this pair. Be patient waiting for the price to reach the resistance level and wait for its reaction. But we are looking to short the market as the higher timeframe is still bearish.
GBPUSD 4h Analysis February 2nd, 2022For long term bias we are still bearish with the market especially on the higher timeframe. So as the price approach our resistance level we are interested to enter short on that level.
