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XAUUSD 4hour Analysis January 22nd, 2023Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish on GOLD! We are due for some structure so that is a high priority at the moment before we can enter any trades. Ideally, price action confirms new structure near 1900.00 with bullish setups we can enter long on. Trade scenario 2: If we want to consider short scenarios we need to see 1900.00 break and bearish structure form below.
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis January 22nd, 2023EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking bearish on EJ with some dramatic swings in both directions as of recent. Going into this week we want the bearish trend to continue but we need to see more clear price action. Ideally, price action slows down and shows us clear rejection from 140.750. A little bit of consolidation would do us good at this moment. If this happens we can consider shorts down to 138.000 support. Trade scenario 2: If we want to consider long scenarios we need to see price action push through 140.750 resistance and start forming structure above.
Short
by ForexLeague
1
USDJPY 4hour Analysis January 22nd, 2023USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Clearly we are bearish overall and in a healthy trend. Going into this week we’re looking for the trend to continue bearish. Ideally, we can spot clear rejection from our 131.000 area and enter short. Trade scenario 2: If we are to consider a bullish scenario we would first need to see a break of 131.000 resistance and form structure above.
Short
by ForexLeague
2
AUDJPY 4hour Analysis January 22nd, 2023AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are actually bearish but this large 4hour range is throwing off some lower timeframe trends. As we know, we have to let the range do its thing as it is very likely the range will continue. We specifically are looking for reactions near our key resistance 91.000. If the range continues, look for strong rejection from 91.000 to enter short on. Trade scenario 2: If we see price action break above 91.000 we will look for the next point of structure (higher low) before we enter long.
by ForexLeague
3
AUDUSD 4hour Analysis January 22nd, 2023AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish overall on AU but we have some minor zones to be aware of before we enter into any positions. Going into this week we want to see clear price action and confirmations. Ideally, we see the next higher low with strong bullish setups we can enter long on. Trade scenario 2: For us to consider AU bearish we need to see price action fall below 0.68600 with structure formation below.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis January 22nd, 2023 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are significantly bearish on DXY. Going into this week we’re looking to continue with the bearish trend but we are seeing some consolidation just below 102.700 that needs to play out. Ideally, we can spot rejection from this area and identify the bearish continuation. Trade scenario 2: If price action pushes back above 102.700 we may consider a bullish dollar with convincing structure.
TVC:DXYShort
by ForexLeague
XAUUSD 4hour Analysis January 1st, 2023Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We have been seeing gold turn very bullish but we also noticed a consolidating pattern which usually suggests a large move is imminent. Going into this week we’re looking to continue with the bullish trend. The safest scenario would be to see another rejection off of our 1800.00 support zone with strong bullish conviction to enter on. Look to target higher toward 1850.00 Trade scenario 2: For us to consider gold bearish again we would need to see price action break below 1800.00 and form bearish structure below.
FX_IDC:XAUUSDLong
by ForexLeague
1
EURJPY 4hour Analysis January 1st, 2023EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support. The most likely scenario is price action forming a lower high below 140.750 which we can enter short on. Trade scenario 2: If we want to consider EJ bullish we would first have to see a break back above 140.750 with a higher low above.
Short
by ForexLeague
1
USDJPY 4hour Analysis January 1st, 2023USDJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are clearly looking bearish on UJ as expected due to DXY falling. There is a strong likelihood we will continue bearish this week but personally I am not satisfied with the current price action, we are a bit extended with a large amount of volume still in the market. The safest and most ideal scenario would be entering long for a retrace up to 135.000 resistance & our 61.8% fib level. Trade scenario 2: The other likely scenario is that UJ continues to plummet without any structure. This would make a safe trade scenario very difficult to spot.
by ForexLeague
1
AUDJPY 4hour Analysis January 1st, 2023AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking quite bearish on AJ but we are in the process of confirming a retest. Recently, price action rejected 91.000 resistance and started forming a lower high. These are all great signs that price action will continue bearish but we are not convinced just yet. Ideally the best situation for us to enter would be on a break and retest below 89.250, which would also be the next lower high. Trade scenario 2: If we fail to break below 89.250 it’s likely price action will make another attempt at 91.000 resistance.
Short
by ForexLeague
1
AUDUSD 4hour Analysis January 1st, 2023AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are definitely looking bullish this week as AU is in an active long position. Most likely price action will push to 0.68500 resistance before reverses. If we get an opportunity to re-enter we want to ideally ride the bullish trend and look for confirmed higher lows to enter on. Trade scenario 2: If we are to see AU as more bearish we need to see a break back below 0.67000 support with strong bearish confirmations.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis January 1st, 2023 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on the USD as we enter the new year. We ended the year with some consolidation near our 103.800 zone followed by a recent break of 103.800. Looking into this week it’s likely we will see the USD continue bearish. Look for lower highs to confirm further downside movement. Trade scenario 2: For us to see the USD as bullish again on this 4hour timeframe we need to see higher lows above 103.800 with convincing price action.
TVC:DXYShort
by ForexLeague
1
XAUUSD 4hour Analysis December 18th, 2022Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish here on gold but price action is having a hard time breaking through 1800.00 resistance. If we are to continue bullish we need that break above 1800.00 with structure above. Trade scenario 2: If we are to enter short we want to spot strong rejection from 1800.00 with bearish variations to enter short on. Target lower toward key support levels.
FX_IDC:XAUUSD
by ForexLeague
1
EURJPY 4hour Analysis December 18th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Looking newly bullish but we still have to get through key resistance at 145.000 to confirm the new 4hour trend. Going into this week we want to look for reactions from 145.000 as it is the zone that is holding the daily trend. If we break above, look for a higher low to enter long on. Trade scenario 2: If we reject from 145.000 resistance we may be looking at a reversal back down to 143.000. At the moment this looks like the most likely.
Short
by ForexLeague
2
USDJPY 4hour Analysis December 18th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking overall bearish still but this week we are waiting for reactions near our 137.000 zone. If we are to continue bearish we need to see strong rejection from 137.000 with lower highs below. Look to target lower toward key support levels. Trade scenario 2: For us to consider UJ bullish again we first need to see a break above 137.000 with a higher low above.
Short
by ForexLeague
AUDJPY 4hour Analysis December 18th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are overall very bearish looking on AJ but we just hit key support around 91.000. At the moment we may not have any short opportunities but we will be looking for reactions from this zone. The most likely scenario is that price action will go to form structure and hit one of our key fib levels before continuing bearish. Trade scenario 2: If we see price action go to retrace we could have a nice counter trend trade on our hands. Look for a strong reversal from 91.000 support and target toward 92.300.
by ForexLeague
AUDUSD 4hour Analysis December 18th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short. Look for price action to consolidate and establish a larger presence below 0.67000, when we can spot clear bearish conviction we can then consider trades. Trade scenario 2: For us to consider AU bullish again we need to see price action push above 0.67000 with structure and bullish conviction.
Short
by ForexLeague
1
DXY (USD Index) 4hour Analysis December 18th, 2022 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1:DXY is still holding bearish but we are approaching key resistance around 105.000 so we will be looking for reactions around this zone going into the week. Ideally we maintain the 4hour bearish trend and see a strong reversal from 105.000. Assume a bearish dollar for the week ahead if this happen. Trade scenario 2: For us to see DXY as more bullish we first need to see a break above 105.000 with new structure in the form of a higher low above the zone.
TVC:DXYShort
by ForexLeague
3
XAUUSD 4hour Analysis December 11th, 2022Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish and without structure. This makes the current situation high risk in my opinion. Ideally we want to continue with the overall bullish trend but there is not a high probability opportunity present. In a perfect world, we would like to see our 38.2% fib level hit before continuing bullish. Trade scenario 2: Because we are so far from our 38.2% fib level we could spot a short opportunity on the expected retracement. Look for a clear reversal plus strong bearish rejection from 1800.00 to enter short.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis December 11th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement. Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short. Trade scenario 2: If we are to see EJ as bullish again we would need to see quite a bit happen. We would need to first break the descending channel and 145.000 resistance. If we spot structure above we are confidently bullish on this timeframe.
Short
by ForexLeague
USDJPY 4hour Analysis December 11th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend. Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next support level. Trade scenario 2: For us to see UJ as more bullish we first need to see a break above 137.000 resistance with structure above.
Short
by ForexLeague