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USDJPY 4hour Analysis December 18th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking overall bearish still but this week we are waiting for reactions near our 137.000 zone. If we are to continue bearish we need to see strong rejection from 137.000 with lower highs below. Look to target lower toward key support levels. Trade scenario 2: For us to consider UJ bullish again we first need to see a break above 137.000 with a higher low above.
Short
by ForexLeague
AUDJPY 4hour Analysis December 18th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are overall very bearish looking on AJ but we just hit key support around 91.000. At the moment we may not have any short opportunities but we will be looking for reactions from this zone. The most likely scenario is that price action will go to form structure and hit one of our key fib levels before continuing bearish. Trade scenario 2: If we see price action go to retrace we could have a nice counter trend trade on our hands. Look for a strong reversal from 91.000 support and target toward 92.300.
by ForexLeague
AUDUSD 4hour Analysis December 18th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short. Look for price action to consolidate and establish a larger presence below 0.67000, when we can spot clear bearish conviction we can then consider trades. Trade scenario 2: For us to consider AU bullish again we need to see price action push above 0.67000 with structure and bullish conviction.
Short
by ForexLeague
1
DXY (USD Index) 4hour Analysis December 18th, 2022 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1:DXY is still holding bearish but we are approaching key resistance around 105.000 so we will be looking for reactions around this zone going into the week. Ideally we maintain the 4hour bearish trend and see a strong reversal from 105.000. Assume a bearish dollar for the week ahead if this happen. Trade scenario 2: For us to see DXY as more bullish we first need to see a break above 105.000 with new structure in the form of a higher low above the zone.
TVC:DXYShort
by ForexLeague
3
XAUUSD 4hour Analysis December 11th, 2022Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish and without structure. This makes the current situation high risk in my opinion. Ideally we want to continue with the overall bullish trend but there is not a high probability opportunity present. In a perfect world, we would like to see our 38.2% fib level hit before continuing bullish. Trade scenario 2: Because we are so far from our 38.2% fib level we could spot a short opportunity on the expected retracement. Look for a clear reversal plus strong bearish rejection from 1800.00 to enter short.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis December 11th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement. Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short. Trade scenario 2: If we are to see EJ as bullish again we would need to see quite a bit happen. We would need to first break the descending channel and 145.000 resistance. If we spot structure above we are confidently bullish on this timeframe.
Short
by ForexLeague
USDJPY 4hour Analysis December 11th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend. Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next support level. Trade scenario 2: For us to see UJ as more bullish we first need to see a break above 137.000 resistance with structure above.
Short
by ForexLeague
AUDJPY 4hour Analysis December 11th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still technically bearish on AU although we are seeing a large retrace to our 93.000 resistance zone. Going into this week we are looking for reactions around 93.000, either a break or bounce of the zone. For us to remain bearish we want to see convincing rejection with strong bearish variations to enter short on. Trade scenario 2: If we see a break above 93.000 resistance we will be looking more bullish for the coming week.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis December 11th, 2022 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1:Looking bearish going into this week and price action is currently right where we want it. Going into this week we ideally want to see strong rejection from our 105.000 resistance level. This would give us confidence that the USD will continue bearish for at least the next week. Trade scenario 2: For us to see DXY as bullish we would need to see a break back above 105.000 with a higher low above.
TVC:DXYShort
by ForexLeague
1
EURJPY 4hour Analysis December 4th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000. Going into this week we’re looking for lower highs to form below 143.000 so we may target lower. Trade scenario 2: For us to see EJ as bullish again it would require a break back above 143.000 with confirmed higher lows above. This move would invalidate any short potential we had for the time being.
Short
by ForexLeague
2
USDJPY 4hour Analysis December 4th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible. Look to target lower toward 131.000 if this happens. Trade scenario 2: For us to see UJ as bullish again we would need a break above our 140.500 zone with convincing higher lows above.
Short
by ForexLeague
AUDJPY 4hour Analysis December 4th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking overall bearish on AJ but we are resting at key support near 91.000. From here we need to see a lower high closer to 92.250 to identify a safer short opportunity. We can then re-target 91.000 support. Trade scenario 2: For us to consider AJ bullish on this timeframe we would need to see a break above 93.000 resistance with a higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis December 4th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking very bullish on AU and we can see a wedge pattern forming at this recent high. Going into this week we’re looking for the bullish trend and pattern to continue. Ideally we see some good rejection off 0.67000 support and can target higher resistance levels. Trade scenario 2: For us to see AU as more bearish we would need a break back below 0.67000 with some convincing lower highs below. Look to target lower toward 0.65500 if this happens.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis December 4th, 2022 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking overall bearish on DXY since the trend change that occurred around november 10th, 2022. We ideally want to see this trend maintain and identify a clear downtrend we can use to our advantage on tradeable pairs. Look for DXY to show signs of rejection below 105.250. If we can confirm a 4hour lower high we can confidently suggest another bearish leg down to the next support level. Trade scenario 2: For us to look at DXY on this timeframe and consider it bullish, we would need to see a break above our 108.500 area with confirmed higher lows above.
TVC:DXYShort
by ForexLeague
EURJPY 4hour Analysis November 27th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we are bullish as long as we are holding above 144.000. This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower. If we are to turn bearish, look for a confirmed lower high below 144.000. Trade scenario 2: If we are to consider EJ bullish again we need to break this consolidation. Look for 1hour higher lows + convincing bullish variations to enter long.
by ForexLeague
USDJPY 4hour Analysis November 27th, 2022USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: UJ is looking very bearish lately and currently we are at a low, just below 140.500 resistance. Going into this week we want to continue the overall bearish trend but we need to see something clear. Ideally, price action rejects 140.500 with convincing bearish variations we can enter short on. Look to target lower toward 137.000 support. Trade scenario 2: For us to consider UJ bullish again we would need to see a break above 140.500 with a confirmed higher low above.
Short
by ForexLeague
AUDJPY 4hour Analysis November 27th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking at some serious consolidation on the daily timeframe however, we are holding at a high so overall we are bullish. The 4hour is telling us a different story where price action looks like it is ready to fall a bit. Going into this week we’re simply looking for reactions at our 93.750 zone. Look for a lower high below 93.750 to confirm downside movement. Target toward 93.000. Trade scenario 2: If we are to consider long opportunities we would like to see a clear break above 93.750 with convincing bullish variations to enter long on.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis November 27th, 2022 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall DXY is looking more bearish and now price action is looking like it’s consolidating. Going into this week we want to continue with the recent bearish trend, we are looking for price action to commit bearish again and push toward 105.250. From here we will look for a break below with a lower high to confirm a bearish continuation. Trade scenario 2: If price action fails to push lower, look for a rally back up to 108.500 resistance where we will look for reactions.
TVC:DXYShort
by ForexLeague
1
XAUUSD 4hour Analysis November 20th, 2022Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very clearly bullish on gold now but we have rallied pretty high and are due for a retracement. As price action sits now, we are right near our 1800.00 major zone. It all comes down to this level, break or bounce. Ideally, price action reverses here and commits to a retracement. If this happens we will look for price action to fall to 1675.00 and then form a higher low we can enter long on. Trade scenario 2: There could be a decent short opportunity here on this retracement but we first will have to identify a lower timeframe bearish trend. Look to enter on lower highs after a confirmed reversal from our 1800 area.
FX_IDC:XAUUSD
by ForexLeague
EURJPY 4hour Analysis November 20th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still overall bullish but this chart is showing us it’s getting ready to break lowe. Going into this week we are looking for reactions from our 144.000 zone. Ideally, price action breaks below 144.000 and forms a lower high below. If this plays out it could send us into a massive short opportunity. Trade scenario 2: The other likely scenario is a bounce off 144.000 sending EJ back into the range. Look to target higher resistance levels.
Short
by ForexLeague
USDJPY 4hour Analysis November 20th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: UJ fell off hard last week and has been hanging around this new low below 140.500. We are technically in a phase of consolidation so we will have to wait to see some conviction kick in. Ideally, price action continues bearish and proves so by rejecting 140.500 and forming clear bearish variations we can enter short on. Trade scenario 2: The other likely scenario is a rally from UJ. It’s not uncommon to see a large retracement after a recent high volume push. So if this happens look for higher lows above 140.500. We will try and catch the pullback to 145.000 if this happens.
Short
by ForexLeague