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XAUUSD 4hour Analysis September 11th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still overall bearish and we can see price action attempted to break the range but failed to form above the zone at 1720.00 The most likely scenario is gold continuing the range it's in. If this happens look to target toward the bottom of the range. Trade scenario 2: For us to consider gold bullish again we ideally need to see a bullish break of the range with a higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis September 11th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: EJ is unshakeably bullish and is currently resting right near our 144.000 zone. Going into this week we’re hoping for a reversal from 144.000 to form structure near 142.000. If this happens look for a higher low with strong bullish setups to enter long on. Target back toward 144.000 Trade scenario 2: For us to consider EJ bearish again we would need to see a break below 142.000 with structure forming lower highs below.
Long
by ForexLeague
USDJPY 4hour Analysis September 11th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: UJ is overall bullish and is still far away from being considered bearish. The most likely move is a continuation at confluence near our 38.2% fib level & 140.000 zone. Look to target higher toward 0% & our -27%. Trade scenario 2: For us to start looking at UJ more bearishly we would need to see a break below our 140.000 with very convincing structure below.
Long
by ForexLeague
1
AUDJPY 4hour Analysis September 11th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are still majorly bullish on AJ and we are currently consolidating at a high. The most ideal scenario for us would be to look for entries on structure points only (38.2 & 61.8). The safest move would be a clear reversal near 96.000 with strong bullish confirmations to enter on. Look to target toward the prior high & our -27% fib level. Trade scenario 2: For us to consider AJ full bearish on the 4hour we would need to see a break below 96.000 with confirmed new structure.
Long
by ForexLeague
1
AUDUSD 4hour Analysis September 11th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Overall AU has been bearish on major timeframes but we recently saw the 4hour timeframe turn very bullish. Currently price action is resting near 0.68500 resistance and we’re waiting for reactions. Ideally, if price action is to continue bullish we need to see a significant higher low above 0.68500. Trade scenario 2: If price action reverses at 0.68500 we will look for strong bearish confirmations to enter short on. Look to target lower toward 0.67750 followed by 0.67000
Long
by ForexLeague
DXY (USD Index) 4hour Analysis September 11th, 2022 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking newly bearish on the 4hour timeframe while we have been mainly bullish on the higher timeframes. The most likely scenario based on recent price action is that DXY will continue to fall. Look for structure below 108.600 to confirm. Trade scenario 2: For us to consider DXY bullish again we would need to see a reversal at 108.600 first, followed by a break of 109.500
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis September 5th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking steady bearish here on Gold and it will most likely continue bearish into this week. Ideally we can spot good rejection from 1720.00 with bearish variations to enter on. Look to target lower toward 1675.00 Trade scenario 2: For us to consider gold bullish we first need to see a push above 1740.00 with a significant higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis September 5th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: We are looking more bullish lately but we can see price action is at major resistance around 140.000, a daily zone. From here we’re looking for a break above 140.000 with a higher low above. Trade scenario 2: For us to consider EJ bearish again on the 4hour timeframe we would need to see a sharp reversal and push below 139.000 Look for lower highs on the way down toward 137.000 if this happens.
Long
by ForexLeague
USDJPY 4hour Analysis September 5th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking bullish overall and we’re currently seeing no signs of slowing down. The most likely scenario is that we continue bullish without structure. It looks like at most we may see a higher low near 139.000 before continuing higher. Trade scenario 2: For us to even think about looking for shorts on UJ we need to see a significant break below 137.000 with a lower high below.
Long
by ForexLeague
AUDJPY 4hour Analysis September 5th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We recently broke the daily range after price action pushed above 95.000. Currently price action seems to be ranging between 95.000 & 96.000 so we will have to wait for clear price action to make a decision. If we are to look for long entries we need to see a clear continuation. Look for a bullish break of 96.000 with confirmed higher lows above. Trade scenario 2: The other scenario is that ranging continues. If price action is to continue ranging we need to see rejection from 96.000 with strong bearish variations.
Long
by ForexLeague
AUDUSD 4hour Analysis September 5th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking super bearish on AU and looks like price action will continue with this trend. We recently broke below our 0.68500 level and will look to continue short. The most likely scenario is price action rejects 0.68500 with strong bearish setups to enter on. Look to target lower toward 0.67000. Trade scenario 2: For us to consider AU bullish again we need to see a break above 0.68500 with a confirmed higher low above.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis September 5th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Every timeframe suggests more bullishness on DXY. Going into this week the most likely scenario is price action rallying higher. As long as we’re above 108.600 price action will look more bullish overall than bearish. Look for higher lows above 108.600. Trade scenario 2: For us to consider DXY bearish we would first need to see a bearish break of 108.600 with lower highs below. This is the first step in transitioning to a bearish chart.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis August 21st, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: All timeframes are back to bearish and price action is not showing any signs of slowing down. Going into this week we’re looking for structure. Ideally, price action forms a lower high close to 1760.00 then starts pushing lower again. Trade scenario 2: For us to consider Gold bullish again we need to see a break above 1760.00 with a structure forming higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis August 21st, 2022EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We have been pretty bearish on EJ lately but price action seems to be struggling near our 137.000 zone at the moment. From here we’re looking for reactions to determine what to do next. Ideally, price action reverses from 137.000 and starts heading lower with significant lower highs. Trade scenario 2: For us to consider EJ bullish we would need to see a break above 137.000 with structure forming higher lows above. If price action pushes through it will also confirm an inverse head and shoulders pattern.
by ForexLeague
AUDJPY 4hour Analysis August 21st, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Ranging 4Hour Trend: Bullish Trade scenario 1: Overall we are bullish on AJ but we have been seeing a ton of ranging on the daily timeframe and now we can see some choppiness happening here on the 4hour. The most likely scenario is price action rejecting 95.000 resistance and heading lower. Trade scenario 2: For us to consider AJ bullish again we need to see a break above 95.000 with a significant higher low above.
by ForexLeague
AUDUSD 4hour Analysis August 21st, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are looking super bearish on AU and it’s not showing signs of slowing down yet. We are right near key support (0.68500) and how price action reacts here will determine everything. If we are to consider long scenarios we need to see a very convincing reversal off current support. Trade scenario 2: If falling price action does not slow down, look for a clean break of 0.68500 with any sort of confirmation below.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis August 21st, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish on DXY after last weeks’ massive rally. Currently price action is just above our 107.600 zone and very extended. The likely scenario is that DXY will rally toward a new high near 109.000 before reversing. We have to wait for structure so we can identify the strength of the trend. look for higher lows near 107.6000 after a new HH is established. Trade scenario 2: No scenarios suggest bearish momentum at the moment. We will have to see how price action reacts at these highs first.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis August 14th, 2022Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish but we still need to see a bit more price action before we can enter in any positions. Ideally, price action continues bullish and forms a significant higher low above 1800.00. Look to enter long and target higher if this happens. Trade scenario 2: For us to consider gold bearish again we need to see a break back below 1800.00 with significant lower highs below.
FX_IDC:XAUUSDLong
by ForexLeague
1
EURJPY 4hour Analysis August 14th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking super bearish on EJ and we seem to have broken a key zone near 137.000 Look for strong bearish variations right now and look to enter short on confirmation below 137.000. Target lower toward key support levels. Trade scenario 2: For us to consider EJ bullish again we would need to see a significant break of 137.000 with a higher low above.
Short
by ForexLeague