ForexLeague

ForexLeague

USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall definitely bearish here on UJ. It looks like it could continue bearish but I doubt this momentum will sustain. I think it is more likely we will see UJ reverse at support and start to consolidate. Trade scenario 2: For us to consider UJ confirmed...

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AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely looking bearish this week! We currently can spot a potential perfect setup already. From the current level we’re looking for price action to retest broken support at 80.750 to confirm a lower high. Look to enter short on confirmation of the lower...

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AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are bearish on AU and price action looks like it will continue with that trend this week. From where price action currently is there are no perfect opportunities which is why a pullback would present a better opportunity. Look to target lower if...

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DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Higher timeframes still point bullish but last week we saw price action drop on the 4hour toward the bottom of the range. At the current level we could see price action continue to consolidate within this range but ideally some bullish setups are needed otherwise...

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Gold Short idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely looking bearish here on gold but we’re still in the area of consolidation. Going into this week we need to see a break back below 1800.00 with a lower high below. This is the transition we need to catch a massive short position. Look to target lower...

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EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ again is somewhat difficult to analyze this week as there is potential for a lot of movement. We have narrowed down the most likely scenarios here as price action rests at resistance near 130.000. Ideally we’d like to continue with the overall bearish trend as...

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USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Higher timeframes all point bullish on this pair and we’re looking good here on the 4hour but we’re still technically in an area of consolidation! Ideally we see a higher low form near the current level followed by strong bullish setups to enter long on. Look to...

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AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking overall bearish on this pair as well but structure is not yet that clear. We know we’re looking for short positions after we can confirm a lower high and that can happen at two major places on this chart. At the current level we could see a reversal...

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AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Ok this thing is primed and ready to drop! Looking very bearish and we’re currently in the middle of confirming a lower high at broken support. If we can spot some good bearish confirmations in this area we’ll be looking at a great short position with a target...

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DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We’re now looking very bullish on DXY, price action broke above the range and formed a higher low. From the current level it is very likely price action will continue higher toward major resistance levels. Look for bullish momentum early in the week to...

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Gold Short idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Alright so it’s gotten to that point with gold. We’ve been waiting on the daily for some sort of significant reaction around 1800 to continue with our overall bearish trend… It hasn’t happened yet. We can see that we’ve rejected our weekly at 1825.00 but still...

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EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking very bearish and honestly because of the high volume and how price action is forming it’s making our options more risky. We want to continue with the trend so we want to try to enter on high probability trades only. Either EJ will push lower now and...

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USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Higher timeframes still point bullish although we did see price action on the 4hour fall to key support at 110.000 where we are now consolidating. Ideally we want to continue with the overall bullish trend as it is the most likely. Look for a significant break...

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AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish here on AJ and it looks like it will be continuing with this trend. From where current price action is it will either push lower with strong bearish momentum or price action will pull back to a resistance level before...

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AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are SUPER bearish on AU right now. We are at key support near 0.74000 so we know to wait and expect some sort of reaction first. But we can also notice a pretty large descending wedge pattern at the bottom of a large bearish leg. Technically the...

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DXY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we’re looking very bullish on DXY but we are in a steady 4hour range. From this area we’re simply looking for a bullish break and retest of the range with strong bullish setups. Look for price action to head toward 93.800 Trade scenario 2: For us to...

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Gold Short idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we’re looking very bearish but price action is creeping above 1800 a bit. At this level we’re seeing some rejection but to be conservative we need to see a lower high form here and push back below 1800 for us to enter short on. We will have to be patient...

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EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are definitely overall pretty bearish on EJ and the trend looks like it could continue this next week. Ideally we see resistance and broken structure tested and rejected around 131.300 with strong bearish setups to follow. This will confirm the lower high,...