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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
EURJPY 4hour Analysis February 6th, 2022EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking extremely bullish as well as over extended here on EJ. When we see this much volume and lack of structure it makes it difficult to find a trade opportunity. We essentially need to wait for the market to resume normal movement. Ideally, we can see some consolidation followed by a structure forming higher low before continuing with the trend. Trade scenario 2: Price action could also pullback quite a bit due to the previous volume. Look for price action to fall back below 131.450 and form a lower high below.
by ForexLeague
AUDJPY 4hour Analysis February 6th, 2022AUDJPY Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are looking bullish here on the 4hour as we saw a recent break of our 81.500 resistance. From where we are now we need to see a few confirmations before we can enter long. Look for strong bullish conviction candles off our new 81.500 support levels. Trade scenario 2: For us to consider AJ bearish we would need to see a break of 81.500 again with a lower high below.
Long
by ForexLeague