Forexleague
EURJPY 1h Analysis September 9th, 2021Yesterday the market rejected the resistance level and we are trading in consolidation period where the price is moving sideways. So if the support level can hold and the price rejected it we are long towards the resistance level or if it breaks below then we are short.
GBPUSD 1h Analysis September 7th, 2021As the NY session opens we are currently trading at the support level where we are expecting 2 scenarios could happen. Scenario 1 is a rejection from the support level since we are still bullish with our structure. Scenario 2 is the break below the support level and continue to go down towards the next previous support.
XAUUSD Daily Analysis September 5th, 2021Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825.
For us to consider a long opportunity we would need to see that higher low form above 1825
Trade scenario 2: Overall we are bearish on the higher timeframes but the 4hour has been a big pain. We will have to wait until we can spot a lower high below 1800
If you prefer range trading go for it as there could be some nice movement but until we see the break I personally will not be trading gold.
EURJPY 4hour Analysis September 5th, 2021EURJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: The 4hour is clearly bullish while the daily is pending confirmation! We are a bit overextend but all we need to enter is a higher low above 130.000 for structure confirmation.
Trade scenario 2: For us to consider EJ bearish we would first need a break back below 130.000 with a lower high below.