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USDJPY Daily Analysis April 3rd, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Every timeframe on UJ is looking very bullish but also pretty steep. We have to be careful when scoping trades. Ideally we continue bullish and spot some strong bullish confirmations right in this area. Look to target higher toward 125.000 resistance. Trade scenario 2: For us to really see UJ as bearish we need to see a break of support around 121.250 followed by 120.000
Long
by ForexLeague
AUDJPY Daily Analysis April 3rd, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking very bullish here on AJ and nothing here suggests otherwise. We have experienced a very large increase in volume which leaves us lacking structure. Before we can consider any trade scenarios we need to see a massive pullback with structure. Trade scenario 2: The other scenario is that price action is not done rallying. It is very likely price action pushes toward 95.000 resistance then present reactions.
by ForexLeague
AUDUSD 4hour Analysis April 3rd, 2022AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high. From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long. Trade scenario 2: For us to consider AU bearish we need to see a break of 0.74000 with a lower high below.
Long
by ForexLeague
2
DXY (USD Index) 4hour Analysis April 3rd, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Technically all timeframes are looking bullish, however, we can see a large 4hour range between 99.250 resistance & 97.850 support. The most likely scenario is that price action continues toward 99.250 resistance before seeing any sort of reaction. Trade scenario 2: For us to consider DXY bearish we would need to see a break below 97.850 support with a lower high below.
TVC:DXYLong
by ForexLeague