GBPUSD 1h Analysis October 28th, 2021A rejection from the previous resistance could happen and target the support. But if the market breaks above the resistance then we are long on the retest and targeting the next previous high.
Forexleague
EURUSD 1h Analysis October 28th, 2021If you haven’t entered from yesterday’s analysis it was a nice trade that some of you may caught. So for now a ranging movement from this pair so for us to get in we should wait for the breakout either a break above or a break below structure. Then our interest would vary depending on the breakout.
GBPUSD 1h Analysis October 27th, 2021A break of structure from previous support happened and now retesting it to act as a resistance. So for us we are still bearish and trying to short the market.
EURUSD 1h Analysis October 27th, 2021We are currently trading at the resistance level where we wanted to take a short position and target the previous low. So be patient waiting and look for confirmation before entering short.
USDCAD 1h Analysis October 26th, 2021The price is approaching our previous support so we could expect buyers to kick in and target the previous resistance. But if the market breaks below the support then we are short to the market.
GBPUSD 1h Analysis October 26th, 2021The market is moving in a consolidation period so we could trade by selling in the resistance. For us to get in we could look for a potential entry on the lower timeframe before getting in on a trade then target the support level.
EURUSD 1h Analysis October 26th, 2021There was a big sell off in yesterday’s movement. Where we are just now waiting for the retest of the previous resistance before entering a selling position.
XAUUSD 4hour Analysis October 24th, 2021Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Gold is looking very bullish on the 4hour and just made an attempt to break 1800.00 which is moments from confirming. How price action reacts now will determine where we go for the week ahead.
Ideally we see some strong bullish setups right now and continue higher into 1825.00
Trade scenario 2: For us to consider gold bearish again we need to see some strong lower highs below 1800.00
EURJPY 4hour Analysis October 24th, 2021EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: The daily timeframe is bullish but we can see clearly on the 4hour that price action is retracing and still needs to form structure before we look to higher targets.
Ideally we see a higher low form near 131.300 which is a great confluence area.
Trade scenario 2: If we see a break of 131.300 with a lower high below we can begin looking for short opportunities.
USDJPY Daily Analysis October 24th, 2021USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Finally UJ retraced after a very extended rally. From here we’re looking for a reversal near our 38.2% fib level. Look to enter long on bullish setups confirming structure.
Trade scenario 2: If we see a break of our weekly near 113.000 we will consider entering short on lower highs below 113.000. Look to target lower toward support around 111.500.
AUDJPY 4hour Analysis October 24th, 2021AUDJPY Neutral idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are extremely bullish and overextended. Ideally we want to continue with the trend so we will wait for a pullback to spot structure formation.
We will catch the continuation of the very strong daily bullish trend right after.
Trade scenario 2: Because price action is so over extended we can actually spot a nice short opportunity on the potential retracement to 83.250.
Look for rejection of resistance right now near 85.000 to enter short on.
DXY (USD Index) 4hour Analysis October 24th, 2021 DXY Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Recent price action has been very bullish lately on DXY.
Going into this week we can see price action continuing bullish after we see a reversal around recent broken structure & our 61.8% fib level near 93.250. How price action reacts here will determine the next 4hour trend.
Either a continuation or reversal.
Trade scenario 2: If we do price action push lower we can declare this recent formation around 93.800 a daily reversal and NOT a daily continuation. Expect to see more downward pressure.
We will be targeting support around 91.500 as that is the next major daily support level.
USDCAD 1h Analysis October 20th, 2021The market is moving sideways where we could trade the range or to wait for a breakout. Either way we are for the breakout just be patient waiting.
EURUSD 1h Analysis October 20th, 2021A continuation of bullish movement or a break below the support level could happen. So be patient waiting for the market to play out then look for confirmations in lower timeframe.
GBPUSD 1h Analysis October 20th, 2021It's either the market continues to move to the 4h Supply now or it could retest the previous minor support before it reach the 4h Supply. So now it's a matter of being patience and wait for confirmations before placing a trade.
CADJPY 1h Analysis October 20th, 2021Currently trading in a range but the previous candles break above the resistance. So it could either be a fakeout if the buyers couldn't push the price to the upside. Or it could be a clear break of structure then look for confirmations if the price is changing it's structure to be bullish on lower timeframe.
EURAUD 1h Analysis October 20th, 2021The market structure is bearish since it breaks the previous support and now created a minor support which we would be looking to go short. So wait for the candle close below the minor structure and look for confirmations to go short.
EURJPY 1h Analysis October 20th, 2021Still in the bullish trend so we could wait for the pullback to go long. But if the market happens to break below the trendline we are short after a retest since the bullish trend is so steep.
USDCAD 1h Analysis October 19th, 2021A long waiting for the price to retest our previous support since the market is still ranging now and broken to the upside. Then if the market taps in to our previous support wait for confirmations before you enter.
EURUSD 1h Analysis October 19th, 2021Still bearish in overall structure so just wait on the price to taps in our higher timeframe supply then we look for possible entry. Be patient and look for confirmations before entering a position.
GBPUSD 1h Analysis October 19th, 2021The price is approaching our 4h supply zone where we could have a pullback first before another push to the supply. So be patient waiting for the possible entry retesting the previous support.
USDCAD 1h Analysis October 18th, 2021Bearish market structure in overall bias. Wait for the retest of the previous support that would act now as a resistance before going short.
EURUSD 1h Analysis October 18th, 2021Waiting for the price to retest the resistance level where we expect sellers to kick in. Just be patient waiting before entering a short position.
