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USDJPY 4Hour Analysis September 19th, 2021USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall we are still technically bearish as long as we are below 110.000 but DXY has shown to be very bullish. I am sticking to a bearish outlook because we have multiple levels of resistance and the technicals show that a short scenario is closer to happening than a long scenario. Look for lower highs below 110.000 to enter short on. Trade scenario 2: For us to enter long we need to see a break of resistance at 110.000 and also 110.300 where we have seen multiple fakeouts in the past. We will enter long when price action forms a higher low above these levels.
Short
by ForexLeague
AUDJPY 4hour Analysis September 19th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is also looking very bearish and had some nice movement last week. At the current level it looks like price action formed a pattern and is now continuing. This is an area where entry signals are present and there could be a decent trade here. We will look to target lower toward support around 79.000. Other entries would include confirmed lower highs on our way down. Trade scenario 2: For us to consider AJ bullish we would first need to see a 4hour transition and a break above 80.800 with higher lows above.
Short
by ForexLeague
AUDUSD 4hour Analysis September 19th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on all timeframes and we recently broke support at 0.73000. Ideally, we will see price action retest 0.73000 and form a lower high with confirmations we can enter short on. Trade scenario 2: For us to consider AU bullish again we will first need to see a 4hour transition. Look for a break of 0.73000 with a confirmed higher low above.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis September 19th, 2021 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We’re still very bullish on the USD overall and it looks like it will continue. Currently we can see price action will most likely continue into resistance around 93.800 where we will have to re-analyze. If we see a higher low above 93.000 that will be acceptable for a continuation of trend as well. Trade scenario 2: For us to consider the dollar bearish we would need to break back below 93.000 first. If this happens it is likely price action will fall to 92.500 support.
TVC:DXYLong
by ForexLeague
US30 Daily Analysis September 12th, 2021US30 Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: All timeframes are mainly bullish but we’re seeing what looks like an attempt at a 4hour transition. We saw rejection around 35000.00 and current bearish setups are confirming a reversal. From here we’re looking for a lower high below 35000.00 with strong bearish setups to enter short on. Trade scenario 2: For us to consider US30 bullish we would need a 4hour transition. Ideally, a break above 35000.00 with a higher low.
OANDA:US30USDShort
by ForexLeague