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XAUUSD 4hour Analysis December 26th, 2021Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish on gold 4hour timeframe as we confirmed a higher low above 1786.00 and we’re holding above 1800. From here it’s very likely price action will continue bullish toward resistance near 1825.00 where we will look for reactions. Trade scenario 2: For us to consider Gold bearish again we would need to see a lower high below 1786.00.
FX_IDC:XAUUSDLong
by ForexLeague
XAUUSD 4hour Analysis December 19th, 2021Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Looking more bullish now on gold on the 4hour timeframe. We saw price action push back above 1800 and now looks like it is coming back to retest. Ideally, we see a strong reversal and formation of a higher low. Look to target higher toward 1825.00 if this happens. Trade scenario 2: For us to consider Gold bearish on the 4hour timeframe again we need to see a lower high below 1800.00
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis December 19th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Ranging Trade scenario 1: We are technically still within a high volume range so it’s hard to trade with the overall trend. For us to enter short we need to spot structure forming lower highs which are completely absent right now. Play it safe and be patient with this one. Trade scenario 2: We could catch a potential long position after spotting a higher low above 128.000 but our max target would be 128.850. After that look for higher lows above 128.850 to continue buying.
Short
by ForexLeague
EURJPY 4hour Analysis December 12th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Ranging Trade scenario 1: We’re seeing a bit of ranging on the 4hour timeframe but overall we’re still mainly bearish on the higher timefrrames. From here we’re looking for strong reversals near 128.850 with bearish setups to follow. Look to target lower toward 127.500 support. Also look for lower highs below 127.500 for entries. Trade scenario 2: For us to consider EJ we need to see a higher low above 128.850.
Short
by ForexLeague
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