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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
USDJPY 4hour Analysis August 14th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking bearish on the daily & 4hour timeframe for UJ and we’re looking to continue with that bearish trend. Ideally price action breaks support at 133.000 and forms structure below. Look to target lower toward key support around 129.500. Trade scenario 2: For us to consider UJ more bullish we would need to see rejection off 133.000 support right now and start pushing higher.
Short
by ForexLeague
AUDJPY 4hour Analysis August 14th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are looking bullish on AJ. Going into this week we are going to look for reactions near our 95.000 resistance zone. For us to continue bullish we need to see a significant high above 95.000 with a confirmed higher low above. Trade scenario 2: For us to consider AJ bearish again we would need to see strong rejection from 95.000 with a lower high below. Look to enter short and target lower toward major support levels.
by ForexLeague
AUDUSD 4hour Analysis August 14th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are back to bullish on the 4hour. We are actually looking a bit overextended at the moment. We can see price action is resting at our 0.71100 zone where we are waiting for reactions. Ideally, price action swings back to find structure and rejects support around 0.70000. This would present a higher low and good entry opportunities. Trade scenario 2: Price action is from any bearish opportunities but the first thing we would need to see is a break of support around 0.70000 with structure below.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis August 14th, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking overall bearish since price action broke below our 106.400 zone. We can see a bit of a pullback happening after we hit 105.000 support and ideally we reach 106.000 then see strong bearish reaction. Look for strong rejection with a confirmation of a lower high below 106.000. Look for DXY to head lower toward major support levels. Trade scenario 2: For us to consider DXY bullish again we would need to see a break above 106.400 with a higher low above.
TVC:DXYShort
by ForexLeague