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AUDJPY 4hour Analysis March 13th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AJ is looking bullish but with a bit of cleaner structure so far compared to AU. Going into this week we’re looking to maintain the overall bullish trend. We’re actually looking for new structure above recently broken resistance around 85.000 Ideally we can spot a higher low above 85.000 with strong bullish confirmations to enter long on. Trade scenario 2: For us to consider AJ bearish we would first need to see a lower high below 85.000.
Long
by ForexLeague
1
AUDUSD 4hour Analysis March 13th, 2022AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are also looking very bullish on this pair, AU. We can consider our support level around 0.73000 as the key zone. As long as price action is above 0.73000 we will generally be looking for long scenarios. Ideally we can spot a strong reversal above 0.73000 with entry confirmations to enter long on. Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.73000 support with a lower high below.
Long
by ForexLeague
1
DXY (USD Index) 4hour Analysis March 13th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Everything is bullish on the USD! All major timeframes have been bullish and current price action is showing no real signs of slowing down just yet. The most likely scenario is that we will continue pushing toward 100.000 resistance while forming higher lows along the way. Trade scenario 2: If we are to consider the USD bearish again we would at least need to see a break of support near 97.850 with a lower high below.
TVC:DXYLong
by ForexLeague
[GBPJPY] Buy Limit - 03/09/2022 - London SessionMonthly & Weekly : On the monthly timeframe we don’t really see any clear trend. There was a trendline that was broken, so it’s safe to say that anything over this trendline is bullish, however we are stopped by the monthly resistance zone that has been respect for the past 4 years. I have noticed that the resistance zone also falls in the same place as the monthly key level and has continued to be rejected. It’s safe to say that this market will continue to fall into either the next monthly key level or the weekly support zone. There was also slight divergence which was acted upon as the price fell from the resistance zone. My bias here is bearish . Daily : This is a little bit more interesting now, because from the last high to the last low before the retracement, we had a 38.2 retracement which means that market would continue to the -27, which it is currently at as we speak. This -27 zone is also a monthly key level. Hmmmm. We don’t have any divergence which would be our indicator that the market is retracing, but we do have a -27 and a monthly key level being rejected off of so some reversal is expected. My bias here is bullish . 4H & Lower : You can’t get too detailed on this timeframe so we will combine the 4H with the lower timeframes as well. Price has been consolidating around this zone for about a week and is showing bullish momentum. On the hour we can see a clear trendline being formed with some support at the .50 zone. So we can expect a target at the -27. There has also been some resistance formed and support formed at the 38.2 zone. We are looking to get the best entry possible so on a smaller timeframe we can notice that within that support and resistance zone there were lower lows formed with a 78.6 zone. We know that the 78.6 means that it will eventually sell to the -61.8 so that is where we have made our entry, which would also be a retest of the trendline. But a 38.2 retracement also means that it should push sharply to the -27 however it has not done that. So either it will come down and retest the trendline or it will break the resistance zone and continue to the -27. My bias here is bearish , until entry where we will finish the bullish momentum.
Long
by growthbank
XAUUSD Daily Analysis March 6th, 2021Gold Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Bullish on gold but what else is new.. Currently we’re seeing overextended price action but that does not seem to be slowing down. The most likely scenario is that gold will continue to rally and we will see our 2000 level of resistance met before any reactions can be spotted. Trade scenario 2: For us to enter long on gold comfortably we need to see a higher low for structure as close to 1930.00 as possible. If this happens and we can confirm structure and look to target higher back toward our 2000 level.
FX_IDC:XAUUSDLong
by ForexLeague
2
USDJPY 4hour Analysis March 6th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Ranging Trade scenario 1: Overall UJ is bullish on the major timeframes, however, we can see that we have high volume ranging on the 4hour. Current price action is looking to break the range bearishly so we are looking for lower highs below 115.000 which is the key zone here. Trade scenario 2: If UJ continues to range we should price action turn bullish with reactions off of 115.000
by ForexLeague
1
AUDJPY 4hour Analysis March 6th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AJ is also looking bullish on all major timeframes after we saw a break of 83.250. Now we are waiting for key structure points to enter long on and ride the trend. Ideally, price action forms a higher low closer to 83.250 before continuing higher. Trade scenario 2: The other likely scenario is that AJ will continue to rally and break 85.000 resistance. If this happens look for a higher low above before entering long.
Long
by ForexLeague
1