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EURJPY 4hour Analysis August 7th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Clearly bearish on EJ going into this week. Ideally we can find some structure and a continuation. We are looking for price action to reject our 137.000 zone and start forming lower highs below. Look to enter on a significant lower high and target lower toward 133.000 support. Trade scenario 2: For us to consider EJ more bullish we would need to see higher lows above 137.000 first.
Short
by ForexLeague
1
USDJPY 4hour Analysis August 7th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are back to bullish on all timeframes for UJ. Last week we saw the 4hour transition back to bullish after rejecting our 133.000 zone. Going into this week we’re looking for a significant higher low to enter long on. Trade scenario 2: For us to consider UJ bearish again we first would need to see a break below 133.000 with structure below.
Long
by ForexLeague
AUDJPY 4hour Analysis August 7th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present. We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short entries. Trade scenario 2: AJ has to prove a lot for us to see this pair as more bullish so until our 95.000 zone is broken we will remain mainly bearish on this timeframe.
Short
by ForexLeague
1