Forex_League

Forex_League

We are still riding this pair based on last weeks analysis. Had a clean break and retest on the h4 timeframe and now we should continue to take long opportunities.

Forex_League

On the weekly timeframe we can see that price is moving to the upside and forming a new higher high breaking into an uptrend. We want to see a retracement to the 0.6900 level before taking any buy opportunities. On the h4 timeframe we can see that price is in a strong uptrend and just formed a higher low. We are seeing the formation of a rectangle pattern which...

Forex_League

On the weekly timeframe we have continued out move to the downside. We can see that last week closed with no week showing a lot of momentum here. Once price breaks the 1.24800 area. Our next target will be 1.23400 and then 1.2000. We want to enter on lower timeframes when there is a pullback to a key level

Forex_League

On the weekly timeframe we broke a resistance level that has not been broken since 2016. I am expecting their to be a correction here as price is above a major support level. Once price retests the 157.500 level then we will look for more buy opportunities.

Forex_League

On the weekly timeframe we just formed a Doji candle at a resistance level which means we could be in for some type of reversal here. We need to go down to the lower timeframe in order to see how market structure is forming to interpret whether we should sell. On the H4 timeframe we are still in an uptrend. We need the 1.31500 level to break in order to take...

Forex_League

On this pair let’s focus mainly on the weekly timeframe. We have 3 key levels that we are looking at. The 40,000 level which is where we currently are, is an area of support which signaled an entry in the form of a 10%+ weekly candle close (Jan 31, 2022) We have entered a position here with our targets being 100k. If price does manage to fall the 26,000 we will...

Forex_League

This pair is still respecting the analysis from last week. Our idea remains the same!

Forex_League

This pair is in a very similar position to last week. We are in a retracement on the weekly timeframe after a huge fall off. Price is looking to reach the 154.000 level which is a previous HL point. On the h4 timeframe we can see that we just formed a HL point so price will most likely continue to be bullish until we reach the resistance level at...

Forex_League

On the weekly timeframe we can see that price is just consolidating between the 1.2900 level and the 1.2600 level. It is likely that we will see a reversal back into the lower level from here but just be aware that we are trading within a range. On the H4timeframe as it stands now we are trending towards the downside. The best area to take a short opportunity...

Forex_League

On the monthly timeframe we can clearly see that we are within two ranges of price. The 1.4000 level is our major resistance level and the 1.27300 level is our major support. Last week we had a large sell off to the downside which will most likely be followed by some sort of retracement. On the h4 timeframe we can see that there are multiple areas to...

Forex_League

On the weekly timeframe we can see that we have had a huge rejection of the 0.69000 level as expected. Last week closed bearish with very little wick to the downside. We are expecting further downside movement on this one. The next level of support is near the 0.67400 level. On the H4 timeframe we can see that price just broke a level of support. We simply...

Forex_League

On the weekly timeframe we are about to close with an inverted hammer candle. This is a reversal signal and it also lines up with the double bottom area. This week if we close above 42,800 which would be a 10% gain I am loading up buy positions for a long term move.

Forex_League

On the monthly timeframe we can see that this pair is currently in a downtrend. We are finding some resistance but we have yet to show a real reversal candle. On the weekly timeframe we can also see that we need a reversal here as price is in a downtrend just falling week after week. On the H4 timeframe we just had a break of support and I am expecting a nice...

Forex_League

On the weekly timeframe we can see that price is just bouncing between the 1.26000 level and the 1.29000 level. This range gives us a good idea of where we will be trading within. Overall on the weekly we have been pretty bullish. On the h4 timeframe price broke to the downside to retest the lower support level then bounced up immediately. Now we will be...

Forex_League

On the weekly timeframe, we can see that price has broken below the key resistance level at 1.33000 area. We are testing a minor level of support at 1.32000 but I do expect their to be further downside movement here. On the h4 timeframe it lines up perfectly for sell opportunities. We just broke a previous LL point. Now we will wait for a retest of the 1.3300...

Forex_League

On the weekly timeframe we had an unexpected surge to the upside with a 180 pip candle coming in last week closing bullish. We currently sit near the 0.6800 level. Considering the amount of bullish momentum here, price could break the key resistance level and head to the upside. Between 0.69350 area and 0.68600 area we are looking at key resistance levels. On...

Forex_League

On the weekly timeframe as expected we can see a large drop off from the weekly resistance level. At this point we can expect a retest of the 154.000 level before price continues to drop lower to the 150.000 level. On the h4 timeframe we can see that price is lining up to continue to the downside here. I would not take any short opportunities until we retest...

Forex_League

On the weekly timeframe we can see there is a huge gap down which will most likely need to be filled. We are still anticipating a reversal as the weekly timeframe overall has been bearish for the last year. We see a lot of rejection to the upside so we most likely are getting closer to a complete downward movement to a new low. On the H4 timeframe we are...