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AUDJPY 4hour Analysis January 23rd, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are very bearish here on AJ but price action is sitting right at support near 81.500. Price action will most likely bounce from support to form the next lower high in the channel. Look for short opportunities near 82.400 after a confirmed lower high. Trade scenario 2: If price action continues falling look for a significant break of 81.500 with a lower high below.
Short
by ForexLeague
AUDUSD 4hour Analysis January 23rd, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are looking bearish but we need to see how price action reacts near 0.72000 first. Ideally, we can see price action push lower then form a lower high below 0.72000. We can then look for short opportunities and target lower support levels. Trade scenario 2: For us to consider AU bullish we would need to see a higher low above 0.72000.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis January 23rd, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are looking bearish and the current level near 95.800 will determine where price action goes next. Ideally, we see rejection from 95.800 with confirming lower highs below. We will then look to target lower toward key support levels. Trade scenario 2: For us to consider DXY bullish we need to see a break back above 95.800 with a higher low above.
TVC:DXYShort
by ForexLeague
EURJPY 4hour Analysis January 16th, 2021EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish here on EJ although we did see a fairly large pullback to 130.000 support. From this level we’re looking for strong bullish candles to reject off support which could present a slightly aggressive entry opportunity. For a more conservative buy entry wait for a higher low to form above 131.350. Target higher toward key resistance levels if this happens. Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.000. Look to target lower toward key support levels if this happens.
Long
by ForexLeague
USDJPY 4hour Analysis January 16th, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Looking very bearish here on the 4hour timeframe while the higher timeframes remain overall bullish. Price action is in a tricky area because we have re-entered a known range and the trend now becomes less clear. The most likely scenario is that price action finds resistance around 114.150 and falls back into the range. Trade scenario 2: For us to consider UJ bullish we would first need to see a higher low above 114.150 resistance.
by ForexLeague
AUDJPY 4hour Analysis January 16th, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: On the daily timeframe we are looking pretty bullish but the 4hour timeframe is looking bearish and we have some room to fall here. Ideally, we see price action form a lower high near 83.250 resistance and we can target lower toward 81.500 support. Look to enter short on confirming bearish candlestick setups. Trade scenario 2: For us to consider AJ bullish we would need to see a break of 83.250 with a higher low above. Look to target higher toward 85.000 resistance.
Short
by ForexLeague
AUDUSD 4hour Analysis January 16th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Higher timeframes are still holding an overall bearish trend while the 4hour trend is bullish and looks promising for the week ahead. We’re looking for higher lows near 0.72000 support with strong bullish candlestick setups to enter long on. Look to target higher toward key resistance levels. Trade scenario 2: For us to consider AU bearish we need to see a break of 0.72000 support with a lower high below. Target lower toward major support levels.
by ForexLeague
DXY (USD Index) 4hour Analysis January 16th, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Looking very bearish here on DXY as we recently saw a bearish break of a large 4hour range. Ideally, we can see price action pullback to 95.800 and form a lower high with strong bearish candlestick setups. This would confirm further bearish movement down to major support levels. Trade scenario 2: For us to consider DXY bullish we first would need to spot a break back into the range between 95.800 & 96.300.
TVC:DXYShort
by ForexLeague