ForexLeague

ForexLeague

NZDCAD 9/7/19 SHORT NZDCAD is currently retesting a major resistance zone around 0.85000, recent major support from last month. Some exhaustion has appeared around our weekly resistance level as well at 0.84750, we are looking for more strong bearish signals on the 4hr early in the week. Confirmed short after 0.84455 is broken. Looking to target toward our...

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USDCHF 4HR 8/25/19 Price action has fallen from the upper trendline after trade war news erupted last Friday. We are expecting new lows for USDCHF followed by a projected bounce from a key level. Currently a minor support level is being tested at 0.97250, if this level breaks we will target our next level of support around 0.96800. This level has potential for...

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USDCAD 8/19/19 LONG IDEA 4hr TF Usdcad is once again testing this resistance level at 1.333. We are going to stick with the trend on this one and look for a break and retest. Only look for long positions after this level is clearly broken. We will look to target the 1.363 area **Ideally we would like to see a retrace followed by a bullish engulfing candle If...

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USDJPY 8/19/19 LONG IDEA Daily TF Usdjpy has reacted off a major support level around 105.000. If a reversal is confirmed on a break of structure and weekly resistance we can then target higher. A Monthly double bottom is waiting for confirmation as well. Even more evidence of a potential push higher. If we see a break of current resistance we will look for a...

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BTCUSD 8/18/19 LONG IDEA 1hr & 4hr TF BTC price action has been consolidating between 9800-10550 in an ascending triangle pattern. Due to the significance of this 10k area and the recent rally behind btc we are going to stay with the overall trend and look for long positions. A clean break of the 10550.00 zone will confirm a strong bullish movement toward our...

ForexLeague

USDCHF 8/18/19 LONG IDEA 1hr TF Price action has been majorly bullish since August 13th, 2019 We will continue to ride this bullish wave and look for precise entries as price action retraces. At the current level we are looking for a prz level to hit before considering entering long positions. Ideally a nice double bottom at the second touch of the 61.8% fib...

ForexLeague

AUDUSD 8/18/19 SHORT IDEA 1hr TF Price action has held around the 0.690 area which is in confluence with the 78.6% fib level & the 200 ema The option we are looking for is a break of structure (the grey zone at 0.677) before we can enter a short position to target back down toward the 0.67500 area Ideally a strong bearish engulfing candle breaking...