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USDJPY 4hour Analysis October 23rd, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Last week we saw a huge drop on UJ but it is still bullish, that’s how bullish overall we have been on higher timeframes. Ideally, we would love to see some consolidation to get a clearer look at price action but all we have is volume so scenarios are scarce. The most likely scenario is price action surging back to 150.000 with consolidation following. Trade scenario 2: If we are to consider another scenario we would look for price action to fall lower with consolidation closer to our 145.000 support level.
Long
by ForexLeague
1
AUDJPY 4hour Analysis October 23rd, 2022AUDJPY Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are newly bullish on AJ 4hour timeframe as we saw price action push up to 95.000 resistance. The most likely scenario is a continuation of this pattern formation with price action falling to support. You can either trade inside the pattern if this happens or wait for a bearish break to short. Trade scenario 2: If we do see AJ continue bullish we need to see structure above 95.000 resistance. Look to target higher if this happens.
by ForexLeague
AUDUSD 4hour Analysis October 23rd, 2022AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AU saw some bullish movement at the end of last week and price action is now resting near our 0.64000 resistance level. Price action did break a significant level and pattern but i’m not convinced we are bullish yet. Ideally we can spot structure above 0.64000 to get behind a bullish 4hour outlook. Trade scenario 2: For us to consider AU bearish again we would need to see a lower high below 0.63250. That would be the most comfortable scenario.
by ForexLeague
DXY (USD Index) 4hour Analysis October 23rd, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Last week we experienced some bearish news and we saw price action fall to our support around 112.000. We haven’t broken anything yet, the news seems to have just accelerated the pattern formation. Going into this week we are looking for a break or bounce of 112.000 to better understand where DXY is going next. Because no trend was broken it’s more likely that we will see DXY hold a bullish trend and move higher. Trade scenario 2: For us to consider DXY more bearish on a 4hour timeframe we would need to see a break below 112.000 with a lower high below.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis October 16th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are back to bearish on GOLD and it looks like it will continue with this trend into the week ahead. Ideally, price action forms a lower high near 1660.00 followed by strong bearish variations. If this happens look to target lower toward 1630.00. Trade scenario 2: For us to see GOLD as more bullish we would need to see a break above key resistance around 1675.00 with a higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis October 16th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: All timeframes are back to bullish trends and price action is now right near a key zone, 144.000. Going into this week it’s more likely that we will continue bullish and see price action break 144.000 and form a higher low above. Look to target toward 148.000 if this happens. Trade scenario 2: If price action falls back through 144.000 look for strong rejection + bearish variations to confirm a new bearish trend.
Long
by ForexLeague
AUDJPY 4hour Analysis October 16th, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is also looking very bearish going into this week. Ideally, price action can form a clear lower high below 93.000 resistance and give us good entry opportunities. Look to target lower toward 91.000 support. Trade scenario 2: For us to consider AJ more bullish we first would need to see a break back above 93.000 resistance with a confirmed higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis October 16th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU going into this week. We recently saw massive rejection from our 0.63200 zone and it is likely that AU will push to a new low before showing us structure. If this happens we’ll have to remain patient and look for future structure. Trade scenario 2: If price action pulls back to 0.63200 we will have another potential short opportunity. Look for strong rejection and clear bearish price action to enter short.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis October 16th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are overall bullish on DXY on all timeframes. Going into this week we’re looking for reactions from our 113.500 zone. The most likely scenario is that we will continue bullish and push above 113.500 Consider the USD bullish for the week ahead if this happens. Trade scenario 2: The other likely scenario is price action rejects from 113.500 and continues to range. Look for price action to fall to our 112.000 zone.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis October 9th, 2022Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are finally looking more bullish here on GOLD. This week we’re looking for our new bullish trend to continue. Ideally, price action forms a significant higher low near our 1675.000 support zone. Look for strong reversals and target higher toward 1735.00. Trade scenario 2: For us to consider Gold bearish again we would first need to see price action break below 1675.00 and form a lower high below.
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis October 9th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ has been overall very bullish but here on the 4hour timeframe we’re looking more bearish, especially after the recent break of our 142.000 zone. Going into this week we’re looking for the 4hour trend to continue bearish. We will look for short scenarios after a confirmed lower high forms below 142.000. Look to target lower toward 140.000 support. Trade scenario 2: For us to consider EJ bullish again we would first need to see a break back above our 142.000 zone with a higher low above.
Short
by ForexLeague
USDJPY 4hour Analysis October 9th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still bullish on UJ and it looks like we will continue with this trend through the week. Ideally, price action forms a higher low near 145.000 support with strong bullish variations to follow. Look to target higher toward our -27% fib level. Trade scenario 2: For us to consider UJ bearish again the first move we need to see is a break back below 145.000 support.
Long
by ForexLeague
AUDJPY 4hour Analysis October 9th, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on AJ and it looks like we will continue with this trend through the week. Ideally price action confirms below 93.000 and forms a lower high we can consider entering short on. If this happens look to target toward our -27% fib level & 91.000 support. Trade scenario 2: For us to consider AJ more bullish we would first need to see a break back above 93.000 with bullish setups in the range.
Short
by ForexLeague
AUDUSD 4hour Analysis October 9th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are overall bearish on AU but we have been stuck in a range that looks to be breaking bearishly now. Going into this week we’re looking to ride the existing bearish trend and a break of 0.64000 with a lower high below would be enough to consider shorts. Trade scenario 2: If we are to consider AU more bullish we first would need to see a bounce off 0.64000 and the range continue. Look to target toward the top of the range then consider reactions at resistance.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis October 9th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are back to bullish after a significant rejection from 110.700 support. Price action reversed and pushed above 112.000 where it looks more bullish now. Going into this week we’re looking for this bullish trend to continue, we’ll look for higher lows near 112.000 before continuing higher. Trade scenario 2: If price action is to be seen as more bearish we would need price action to break back below 112.000 with significant bearish variations.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis October 2nd, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are still clearly bearish overall but the 4hour trend is pushing up. We are close to 1675.00 resistance and we will look for reactions near this zone this week. Ideally, price action rejects 1675.00 and continues bearish. If this happens look to enter short on clear lower highs. Trade scenario 2: If we are to consider gold bullish for entries we need to see a higher low above 1675.000
FX_IDC:XAUUSDShort
by ForexLeague
AUDJPY 4hour Analysis October 2nd, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are fully bearish on AJ and it looks like it will continue into this week. Currently we are in an active trade where we rejected from 38.2% sharply. It is likely price action will continue lower and establish a new lower low. If we are able to spot quality lower highs on the way we may consider entry opportunities. Trade scenario 2: For us to see AJ as more bullish we first need to break above the lower highs established at 38.2%. This needs to happen along with a higher low above 95.000, ideally.
Short
by ForexLeague
3
AUDUSD 4hour Analysis October 2nd, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall AU is still bearish and we are technically in an active trade. Currently price action is resting right near 0.64000 support and we are waiting for reactions. The most likely scenario is price action continuing to fall to a new low. If we see a break of 0.64000 we will look for lower highs to confirm more bearish pressure. Trade scenario 2: If we see a bounce off 0.64000 it is likely price action will push up toward 0.65500 resistance.
Short
by ForexLeague
1
DXY (USD Index) 4hour Analysis October 2nd, 2022 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we know DXY has been very bullish but this past week we have seen a pullback to our 38.2% fib level around 112.000. Going into this week we are looking for reactions around 112.000. The most likely scenario is a bounce form 112.000 and DXY heading higher again. Trade scenario 2: If DXY is going to continue bearish we need to see a break below 112.000 with a lower high below.
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis September 25th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking steadily bearish here on gold and we have strong evidence we will continue to do so. Going into this week we’re looking for new structure. Ideally, price action retests 1660.00 and forms our next lower high. We will then look to target lower support levels. Trade scenario 2: If we are to look at this chart and consider gold bullish we would need to see a break above 1675.00 with a higher low above.
FX_IDC:XAUUSDShort
by ForexLeague