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EURJPY Daily Analysis 5/3/20EURJPY Neutral Idea Last week it looked like this pair was ready to make a push to the downside before it quickly surged higher. From the current level we want to see more confirmation before we decide where this pair may be going. We have 1 of 2 potential scenarios: Price action finds support at the current level and pushes higher. Look to target higher toward 118.500 Price action continues with the overall bearish trend. Look for a break and retest of 116.250 before targeting lower toward 111.650
by ForexLeague
1
AUDUSD Daily Analysis 5/3/20AUDUSD Short Idea Last week we saw price action push up toward our key resistance around 0.65000 which was consistent with a strong bullish 4 hour trend. Now we are seeing a bit of rejection from this level which fits the very bearish daily trend as well as higher timeframe trends. If we see a clear break of 0.64000 then we can consider short positions. If the overall bearish trend starts to take over here we could see a large push to the downside toward our monthly support around 0.60200
Short
by ForexLeague
EURJPY Daily Analysis 4/26/20EURJPY Short Idea This pair is looking very bearish on all significant timeframes The current level 116.250 is where we will see if price action is going to continue lower or bounce We have 2 potential scenarios here: 1. Price action bounces from 116.250 with strong bullish setups. Look to target toward our next resistance level around 118.500 2. Price action breaks 116.250 with good bearish momentum. Look for a retest with the proper bearish confirmations. Target lower toward 111.650
Short
by ForexLeague
1
EURUSD Daily Analysis 4/26/20 EURUSD Neutral Idea This pair is extremely bearish on all significant timeframes and is in a steep bearish weekly channel. Currently price action is in a high risk area so we want to wait this one out and see if we can get a better entry opportunity. Look for price action to reach the 1.10000 level in which case we will look for either a break or bounce. If we see a bounce from 1.10000 look for strong bearish setups and confirmations to then enter short on. Look to target lower toward our monthly support around 1.06000 If we see a break to the upside look for a break and retest of 1.10000 followed by strong bullish setups. Look to target higher toward 1.15000
by ForexLeague
AUDJPY 4hour Analysis 4/26/20AUDJPY Long Idea Higher timeframes suggest that this pair is primarily bearish, however, we have seen a strong bullish 4hour trend. We are currently going to stick with the 4hour bullish bias as we are continuously seeing bullish confirmations. We recently saw this bullish flag form and break to the upside. Look for more bullish confirmations to then enter long on. Target toward our weekly resistance level around 70.000 If price action fails to push higher and actually falls out of this area look for support around 67.500 to break and retest followed by strong bearish setups. Look to target lower toward our next major support around 64.750
Long
by ForexLeague
NZDUSD ShortALOHA D - current day is resisting the 50 enamors and had bearish consolidation but still with some momentum for the downside. the last few days of been corrective creating nicer intra day patterns. 4hr - correction just under the 50 ema, now creating strong bear candles instead of high-test reversal candles. 1hr - Price bounced back up to the 50ema to reject and close below, then forming a 7 hour consolidation pattern that signaled a conituliation for myself. 15. Rising wedge ,2 touch top two touch bottom, rejection of the 50 ema, and at the bottom of the bigger 1hr structure. 30 pip stop. This is a continuation entry off the last few short trades I've placed with NZDUSD. This pair has been on my watch for the last week. Entry order was placed earlier this morning and triggered in the afternoon.
Short
by Reid_Hicks
2
AUDJPY 4hour Analysis 4/12/20AUDJPY Neutral Idea This pair has been holding a strong 4hr bullish trend but volume has been significantly dropping off. This week I expect to see a bit of a fall in price to the 67.600 level before we can accurately see where price action is headed. From this level we want to either see a break or bounce. If we see a break of 67.600 we will look for a retest followed by strong bearish setups before we start shorting again. If we see a bounce, assume the continuation of the 4hr bullish trend and target next significant resistance levels.
by ForexLeague
1
EURJPY Daily Analysis 4/5/20EURJPY Neutral Idea This pair has been moving with a large amount of volume over the last few weeks. At the current level it would be too risky to continue shorting although the overall trends on higher timeframes are very bearish Price action is just too extended to make a good trade at the moment. For us to enter a trade we want to see a retracement to a key fib level and resistance zone. Ideally a retracement to the 38.2% fib level around the 118.00 area or a retracement to the 61.8% fib level and our monthly resistance around 119.500 would be a good start. A retracement followed by strong bearish setups is great confirmation to enter. Look to target lower toward our monthly support around 115.500
by ForexLeague
1
EURUSD 4hour Analysis 4/5/20 EURUSD Short Idea This pair played out exactly as expected from last week's analysis. We saw a clean transition to the downside followed by strong bearish pressure. At the current level it would be too risky to enter so we will be monitoring this pair for retracements to key fib levels If we see a retracement to the 38.2% or 61.8% 1hour fib level followed by strong bearish setups it could be a great opportunity to enter and target lower. Look to target toward our monthly support around 1.07000 and potentially lower toward our 0% fib level
Short
by ForexLeague
AUDJPY 4hour Analysis 4/5/20AUDJPY Short Idea This pair is looking bearish on all significant timeframes. We saw a break to the upside out of this daily bearish trend but the push was not sustained and the bears took control once again. From this level we are looking for short opportunities. This new daily fib has seen confirmed rejection from the 38.2% fib and is holding nicely. Looking for lower timeframe retests as well as strong bearish setups We will be targeting lower toward our monthly support and -27% fib around 64.000 followed by a second target at our -61% fib level around 63.000
Short
by ForexLeague
1