ForexLeague

ForexLeague

NzdUsd Short Idea Price action has been primarily bearish on the Daily & Weekly time-frames so we will look to short upon a confirmed rejection of a prz level. Current price action is yet to form true structure on a daily time-frame after this drop since mid July. We will look for price to reach our 32.8% fib level or the 61.8% (The red zones) After a confirmed...

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UsdChf Idea Overall we know usdchf has been bullish on higher time-frames. So we will be looking for potential long positions first. Current price action is within a daily range at the moment, we will either look for price action to reverse at the monthly resistance around 1.000 or break through and retest. Assuming price breaks through resistance we will look...

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AudJpy Short Idea Aj has been extremely bearish on weekly & monthly timeframes. Clearly a very strong downtrend in which we will continue to trade! Current price action has been testing structure as well as a confirmed reversal from 38.2%. (red zone) However price action is holding steady at the 23.6% weekly fib level. I am expecting a Lower high or a double...

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EurJpy Short Idea Ej has been primarily bearish on the weekly and even monthly time frames. So we are going to stick with the trend! Current price action was just rejected from the weekly resistance around 119.150 last week. A weekly 50% fib level was rejected and prior structure was tested. What does this mean? Lots of bearish pressure is still present in...

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GOLD Daily 9/22/19 Gold has been very mainly bullish on higher time-frames, however, price action does look like it’s forming a head & shoulders on a daily time-frame. Will it play out or will the H & S pattern fail to form and execute? Long situations will be considered after 1525.000 has been broken. Ideally a nice retest of this area with bullish...

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NZDCAD Daily 9/22/19 Short Idea NzdCad has been very bearish on the daily time frame for a couple months now. Continuing with the trend at this current level we would like to see a push through the monthly support. The short term play would be to target the weekly -27% fib level about 130 pips lower. Ideally we would like to see a positive retest of recent...

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AUDJPY 4HR 9/22/19 Short Idea AudJpy made a great reversal around a higher time-frame resistance zone last week confirming a continuation of the overall trend. This reversal also included a rejection from the 38.2% daily fib level. We’re looking to enter short on a retest of broken structure, the 200 ema & a 4hr 61.8% fib level. Ideally we would see price come...

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EURJPY 4HR 9/21/19 Short Idea EurJpy has been primarily bearish on higher time-frames so we will continue to follow the trend and look to enter short after we have received enough confirmation that a continuation will happen. Current price action has broken out of this ascending pattern and is now looking to fall. A nice retest of the broken structure would...

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USDCHF 4HR 9/21/19 Long Idea UsdChf has been very bullish as the dollar has been strengthening. Currently price action is testing the 61.8% fib level along with key support. Price action also wicked the 78.6%. A nice bullish engulfing candle through the MA’s would be ideal as confirmation. For a more conservative entry wait for a break of 0.99365. We’re...

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GBPUSD Daily 9/21/19 Short Idea GbpUsd has been bearish on higher time-frames for quite a while now** Currently we are seeing some buyers exhaustion from this level around 1.25500. We’re going to follow the trend and our analysis. We’re looking to short upon proper confirmation. A nice bearish engulfing candle through the MA’s would be good enough...

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Short Idea EJ has been primarily bullish up to this monthly level. Considering news next week and the importance of economic data in Japan may cause EJ to fall back down toward the weekly support level at 115.500 Ideally we would like to see strong bearish confirmation signals coming off this monthly level and 50% fibb level around 119.950-119.500 If EJ...

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Long idea As we know the USD has been bullish for some time now. So we are going to stick to the trend! Price action came down to the 61.8% as said last week and wicked perfectly off the 200 ema as well. We are still looking for more bullish confirmation as price action is testing structure at 0.99 Ideally we would like to see a smaller pullback toward 0.987...

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GBPUSD 4hr 9/15/19 Long Idea: Recent price action has been majorly bullish after news events last week erupted. Looking for some rejection from this daily resistance zone at 1.2500. Ideally a long entry would be placed around 61.81% (at 1.395) and target back toward 1.2500 or the -27% fib (at 1.2555)

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NZDUSD 4HR IDEA 9/11/19 NZDUSD has been primarily bearish on higher time-frames so this trade is with that overall trend in mind. Current price action is within a 4hr range with resistance at 0.64475 and support at 0.64080 Looking for a break of support at 0.64080 and will target toward 0.62875 on a confirmed retest. If price action breaks toward the upside we...

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GBPUSD 1HR IDEA 9/11/19 Gu has been in a short term bullish trend after a bounce of higher timeframe support. If this short term trend continues we would need to see a break of this 1 hour range. Upon a break of resistance we will look to target 1.25 after a confirmed retest. ECB rate decision could be the driving volume needed to reach this zone. Upon a fall...

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EURJPY broke back into a range that was established back in early-mid August. Price action surged to the 200ema last week and sharply rejected, closing at the 61.8% fib level at 118.200. Lower timeframe support has been broken but we are not yet convinced. Looking for a confirmed break of the lower support level in this range. A strong bearish signal crossing the...

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AUDJPY 9/7/19 SHORT AUDJPY rapidly approaching our weekly resistance level at 73.500. Looking to enter a confirmed reversal after the 38.2% has been tested. We are looking to target the monthly support level around 68.500 and potentially lower toward the -27% fib level around 67.1

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USDCHF 9/7/19 LONG USDCHF is at what seems to be the start of a consolidation process. We are currently looking for an entry around a confirmed reversal of the 38.2% fib level. Looking to target the -27% fib level at 0.999