Forex_League

Forex_League

On the weekly timeframe we found support again at our weekly level. Overall I am still bearish on this pair. The H4 timeframe has made consecutive LH’s and retest the same support level. It just so happens that this support level is also a weekly level of support which is MAJOR. As we retest a minor level of H4 resistance I will look at this bearish confluence...

Forex_League

On the weekly timeframe we closed last week with a lot of buyers exhaustion out of our weekly supply zone! On the daily timeframe we respected a key level of daily resistance but at the moment are slowing up as we retested a minor level of support. I am manly focusing on the H1 flag that is forming. We need to break below the lower trend line and H4 support level...

Forex_League

On the weekly timeframe we are still below the moving averages. Last week closed with a lot of sellers exhaustion failing to form an evening star. ON our daily timeframe we are still bearish but finding some buyers coming in at a H4 support level. I am focused mainly on the H1 timeframe at the moment. Endlesss we break all the way above 1.24000 I will be looking...

Forex_League

On the weekly timeframe we are looking very bearish. Down to the daily timeframe we formed a LH and are continuing to descend out of our supply zone. On the H4 timeframe is where I see structure the clearest. We will look to continue this trend on the lower timeframes.

Forex_League

On the weekly timeframe we closed last week with a rejection of monthly level of resistance. This could show some signs of reversal from this position. On the daily timeframe is where I will put my fibs as this is where I see structure the clearest. We are breaking below some levels of resistance down on the H1 timeframe which will have me looking for selling...

Forex_League

On the weekly timeframe we are definitely still bearish. But last week closed with slight sellers exhaustion which is important to take note of as we go down to lower timeframes. My overall fib is on the daily timeframe where I see structure the clearest. We are currently retesting 61.8% failing to forma bearish variation to close out the week. The H4 timeframe is...

Forex_League

On the weekly timeframe we close last week with a lot of sellers exhaustion off of our key level of support. The daily timeframe has turned bullish leading us to look for buying opportunities. The H1 timeframe has cleanly broken structure and we will be looking to continue this trend

Forex_League

Overall on the weekly timeframe I can see that structure is very clearly bearish. Last week we closed with a spinning top which normally can signal reversal. The main timeframe I am drawing structure on is the daily. We’ve already respected 100% level, 88.6% level and now are looking to retest 78.6%. The H4 timeframe is bearish as well with lower timeframes...

Forex_League

On the weekly timeframe we are most definitely bearish. On the daily timeframe our moving averages are starting to turn downwards showing the selling pressure kicking. Down to the H4 timeframe we have broken through major support and I expect movement lower

Forex_League

On the weekly timeframe we closed with a bearish engulfing candle. Down to the daily timeframe we are testing a key level. On the H4 timeframe the 200 day moving average is playing as a last level of support. We could get a bounce higher here. Or we will break below and wait for retest before shorting.

Forex_League

On the daily timeframe we are retesting a main level of resistance. We must see significance closure on the H4 timeframe before considering long opportunities. I few break below minor H4 support we will look too short.

Forex_League

On the H4 timeframe we broke above the 200 day moving averages. Which is our last line of defense. On the daily we have a lot of room before we reach our next key level of structure. I am expecting price to continue to rise based on currently structure. Let’s bump down to a lower timeframe to see if we can recognize any setups. On the H1 timeframe I am seeing a...

Forex_League

On the weekly timeframe we are overall bearish closing last week below the moving averages. We close the week with a bearish engulfing candle through the moving averages. On the H4 timeframe we are maintaining below the moving averages continuing a bearish trend. We are currently testing a H4 level of structure but considering how all of our higher timeframes are...

Forex_League

Overall on the weekly timeframe we are bearish. But at the moment we formed a bullish engulfing two weeks ago. Last week we closed with a spinning top showing some indecision. On the H4 timeframe we are in a bullish trend. But this does not tell the whole story. We are in a downtrend on the H1 timeframe. If we get a break of the 0% level or a retest again of our...

Forex_League

Up on our weekly timeframe we are still in the supply zone that we are finding a lot of resistance at. We need to cycle down timeframes in order to get a better idea of what’s going on. On the daily timeframe we are currently showing some indecision candles and I believe we are getting ready to push lower. H4 timeframe we have broken below our key level of support...

Forex_League

On the weekly timeframe we are still bearish but we did manage to close above the 8 and 18 moving averages to close off the week last week. We will need to cycle down timeframes to get a better look but keeping in mind that daily and above is bearish at the moment. On the daily timeframe we are definitely still bearish and are actually reentering the supply zone...

Forex_League

GBPUSD: On the weekly timeframe we are overall bearish but two weeks ago we formed a bullish engulfing. We will need to go down timeframes to see the significance. On the daily we are clearly still within a down trend. But we are still respecting the moving averages for the last 8 and 18 days as they have crossed bullish. On the H4 timeframe we are forming a...

Forex_League

We are currently rejecting a weekly level of resistance as we target lower first at our H4 key level. We are simply following along with our previous analysis as we look to target lower. We can monitor this trending market down on the H1 timeframe with LHs and LLs being formed. Throwing on our fib I will look for a retest of the 61.8% level before heading lower