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AUDUSD 4hour Analysis July 17th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while. The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000 Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken. After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
Short
by ForexLeague
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DXY (USD Index) Daily Analysis July 17th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still very bullish on DXY. Going into this week we’re expecting the overall bullish trend to continue. Look for higher lows above 107.600 & near our 38.2% fib level Trade scenario 2: For us to consider DXY bearish on this 4hour timeframe we would need to see a break of 107.600 support and retest as resistance. Look for price action to confirm a new bearish trend after a lower high is confirmed below 107.600
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis July 10th, 2021Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: All major timeframes on gold are now bearish after last week. Clearly we are in a new bearish trend and we will look to continue with it. Ideally, price action retraces to form structure closer to 1800.00 resistance and presents a great short opportunity. Look to target lower toward major support levels. Trade scenario 2: The other likely scenario is that price action just keeps falling. We will then have to re-analyze and come up with new potential scenarios.
FX_IDC:XAUUSD
by ForexLeague
EURJPY 4hour Analysis July 10th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are now bearish on all major timeframes on EJ. This week we’ll be looking for bearish continuations. Ideally, price action reverses closer to 140.000 and forms a 4hour lower high. If this happens we will look to enter short on strong bearish setups confirming the lower high. Look to target lower toward major support levels. Trade scenario 2: For us to consider EJ bullish again we would need to see a break above 140.000 with a significant higher low above.
Short
by ForexLeague
USDJPY 4hour Analysis July 10th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: UJ is still extremely bullish on the higher timeframes but we can see that price action has been forming a range recently. The most likely is that scenario is that the range will continue to form and price action will reverse short term around 136.600 Trade scenario 2: For us to continue bullish we would need to see a bullish break of the range with a 4hour higher low above 136.600 Keep in mind this is a high risk pair at the moment due to unsustainable rallying & lack of higher timeframe structure.
by ForexLeague
AUDJPY 4hour Analysis July 10th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are clearly bearish on AJ and it looks like we are going to continue with this bearish trend into the week based on what we can see right now. Ideally, we spot a strong reversal near 92.850 with price action forming a lower high below. Look to enter short on strong bearish setups after the lower high. Trade scenario 2: For us to consider AJ bullish again we would need to see a significant higher low above 92.850 with strong bullish setups to enter on.
Short
by ForexLeague