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EURJPY 4hour Analysis September 12th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking full bearish now! We just saw a perfect lower high right after a break of 130.000. We can find some lower timeframe entries now or in the next few hours if price action pullsback again. Trade scenario 2: For us to consider EJ bullish we ideally need to see a break above 130.000 with a higher low above. We’ll look to enter long after we see bullish confirmations following the higher low.
Short
by ForexLeague
AUDJPY 4hour Analysis September 12th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We’re seeing some strong bearish volume stepping in here and we officially have a 4hour transition with the confirmation of a lower high. From here we’re looking for support at 80.750 to break with a lower high below. We have a lot of room to fall if this level breaks so be patient. Trade scenario 2: For us to consider AJ bullish we would ideally need to see a higher low above 81.400 with strong bullish setups.
Short
by ForexLeague
AUDUSD 4hour Analysis September 12th, 2021AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation. For us to enter we ideally need to see a lower high below the range. Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.
by ForexLeague
DXY (USD Index) 4hour Analysis September 12th, 2021 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Last week we saw a 4hour change of trend. We confirmed a higher low just above 92.500 and we’re now looking bullish. Ideally, price action continues with this transition and pushes back toward resistance around 93.800 Trade scenario 2: For us to consider DXY bearish again we would need to see a massive reversal right now and a break below 92.500. If this happens look for price action to fall toward the bottom of the range near 92.000
TVC:DXYLong
by ForexLeague