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EURJPY 4hour Analysis February 20th, 2022EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are still technically bearish on the 4hour while the higher timeframes remain bullish. The most likely scenario given price action formation is that we will see a break of support near 130.000 with a lower high below. If this happens look to enter short and target lower toward key support levels. Trade scenario 2: For us to consider EJ bullish we would need to see a massive reversal off 130.000 support with structure forming higher lows to enter long on.
by ForexLeague
USDJPY 4hour Analysis February 20th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Price action is looking newly bearish here on UJ and is currently resting at support near 115.000. The most likely scenario is that we will see support break with price action forming a lower high below. Look to target lower toward key support levels. Trade scenario 2: For us to consider UJ bullish again we ideally want to see a break of a prior lower high so for us that means we need to see a higher low above 115.350.
Short
by ForexLeague
AUDUSD 4hour Analysis February 20th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: The 4hour timeframe is looking bullish while the higher timeframes are still majorly bearish. From where price action is right now we’re looking for a higher low near 0.71450 with bullish setups to confirm. Look to target back toward 0.72000 and look for a break. Trade scenario 2: If we are to consider AU bearish on this timeframe again we need to see a break of support near 0.71450 with a lower high below.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis February 20th, 2022 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Technically we are still bullish here on DXY although we should note that we are between an existing range. Resistance at 96.350 & support at 95.800 The most likely scenario is that price action will reach 96.350 and reject from there, continuing the range. Trade scenario 2: For us to consider DXY full bullish we ideally want to see a higher low above 96.350.
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis February 14th, 2021Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Gold is looking very bullish and it has been forming great structure but it is currently a bit overextended and price action is now resting near 1865.00 resistance. The most likely scenario is that price action will head lower toward support before forming our next structure point. Trade scenario 2: If we see a break of resistance near 1865.00 we need to see a higher low above to confirm further bullish movement.
FX_IDC:XAUUSD
by ForexLeague
EURJPY 4hour Analysis February 14th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We have recently seen a huge amount of volume here on EJ and are looking bearish on the 4hour timeframe. The higher timeframes are looking bullish so we need to see some more confirmations before we can enter on a trade. Look for price action to follow through with bullish rejection off 130.000 support. Ideally, a higher low above 131.450 would be perfect. Trade scenario 2: The other likely scenario is that price action will find rejection near 131.450 and head lower toward 130.000 support once again.
Long
by ForexLeague
USDJPY 4hour Analysis February 14th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking very bullish here on UJ and we are forming good structure & a bullish channel. The most likely scenario is that price action will continue bullish so look for a break of resistance around 116.250 with a confirmed higher low above. Trade scenario 2: The other likely scenario is that price action will react near 116.250 resistance and send price action lower. Look to target our support level near 115.000
Long
by ForexLeague
AUDJPY 4hour Analysis February 14th, 2022AUDJPY Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Overall this pair has been fairly bearish on higher timeframes but we have recently seen a ton of 4hour bullish movement. Currently, price action is bouncing between 83.250 & 81.500 with HIGH volume. The mostly likely scenario is that we will find resistance around 83.250 and price action will fall toward lower support around 81.500. Trade scenario 2: If we see price action break resistance around 83.250 we need to see a confirmed higher low above before considering any long positions.
Long
by ForexLeague
AUDUSD 4hour Analysis February 14th, 2022AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1:Overall we are bearish on AU but we have been seeing a bit of bullish 4hour trend. Currently, if we’re to consider long positions we need to see a higher low above 0.72000. Also look for strong break out signals and strong bullish variations leading up to 0.72000. Trade scenario 2: If we are to consider AU bearish again we need to see a lower high below 0.71000.
by ForexLeague
DXY (USD Index) 4hour Analysis February 14th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are looking very bullish here on DXY but we can see that price action is right near resistance around 97.250. The most likely scenario is that we’ll continue bullish and break resistance. Wait for a confirmed higher low above 97.250 before considering the next move higher. Trade scenario 2: If we fail to break resistance near 97.250 it will be very likely that price action will continue within the range of 97.250 & 95.800.
TVC:DXY
by ForexLeague