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EURJPY Daily Analysis August 16th, 2020EURJPY Long Idea This pair has been very bullish on the daily and 4hour timeframe and we are going to continue with that trend. At the current level we have two potential long opportunities: 1.Price action pulls back to form structure at the 38.2% fib level and forms a higher low with strong bullish setups. Look to target higher toward the monthly zone and -27% fib level. 2.Price action momentum continues and pushes through our monthly zone. Look to enter on a higher low above this zone. Target significant resistance level. For us to consider short opportunities we need to see a significant bearish transition and a break below 121.250 with confirmed lower highs. Target low toward significant support levels.
Long
by ForexLeague
USDJPY 4Hour Analysis August 16th, 2020USDJPY Short Idea Overall we are very bearish on higher timeframes and are going to continue with this trend. Look for bearish setups at key fib & resistance levels. Ideally we want to see a reversal at the current level. Look to enter on a bearish transition and confirmed lower high below the 106.000 monthly zone. Target lower toward our weekly support & -27% fib level. For us to consider long opportunities we need to see a break of 107.400 with confirmed higher lows above. Target higher toward significant resistance levels.
Short
by ForexLeague
AUDJPY 4hour Analysis August 16th, 2020AUDJPY Long idea This pair has been in a very strong 4hour bullish trend and is currently at a major monthly zone. We’re going to continue with the bullish trend and look for long opportunities above this zone. Look for a significant break and retest of 76.700 with strong bullish setups to enter on. Target higher toward significant resistance levels. For us to consider short opportunities we want to see a break of major support around 76.000 with confirmed lower highs below. Target lower toward major support levels
Long
by ForexLeague
AUDUSD 4hour Analysis August 16th, 2020AUDUSD Long idea Price action is very bullish on the daily and 4hour time frames and recently broke a major zone around 0.70500. Now we are seeing some consolidation above 0.70500 and are looking for potential long opportunities. 1.Look for a break and retest of 0.71900 with a confirmed higher low. Target toward the -27% fib level. For us to consider short opportunities we need to see a major shift in price action. We would only consider selling when the major zone around 0.70500 is confirmed broken.
Long
by ForexLeague
EURJPY 4hour Analysis August 9th, 2020EURJPY Short Idea On the daily timeframe and below this pair is very bearish. Current price action is in a retracement and we are looking for long opportunities with the overall bullish trend. Ideally we would like to see a reversal at the 61.8% with strong bullish setups. We can target higher toward our monthly resistance zone and -27% fib level around 126.250 For us to consider short opportunities we need to see a significant break of 124.000 first with confirming lower highs. The real transition will take place after 122.750 is broken and price action moves below it.
Long
by ForexLeague
AUDUSD 4hour Analysis August 9th, 2020AUDUSD Long idea All significant timeframes are bullish on this pair and we recently had a change of trend on our daily timeframe when this monthly zone was broken and confirmed. Now we are looking to continue with this bullish trend and enter on long opportunities. We have 2 potential long scenarios: 1.We see price action reverse at the 61.8% and confirm structure. Look to enter on strong bullish setups, target toward the -27% fib level. 2.Price action falls toward the 100% fib level near our monthly support around 0.70800. Look for a reversal at that level and enter on strong bullish setups. Target toward the -27% fib level. For us to consider short scenarios we need to see a break of our monthly zone with a confirmed lower high below it.
Long
by ForexLeague
EURJPY 4hour Analysis August 2nd, 2020EURJPY Short Idea Overall we have been very bullish on this pair and are looking to continue with this trend. We recently saw a bullish break of a symmetrical triangle and are expecting a pullback. Look for long opportunities around the yellow zone between the 61.8% fib level and recent broken structure. (The blue trade path) For us to consider short opportunities we want to see a break of higher timeframe structure around 122.750 with a confirmed lower high.
Long
by ForexLeague
USDJPY 4Hour Analysis August 2nd, 2020USDJPY Short Idea Overall we are looking very bearish on this pair. We recently saw a pullback after a large bearish push. Price action is resting at our 61.8% fib level and monthly resistance zone around 106.000 From here we are looking for short opportunities and will enter on lower timeframes setups confirming another bearish push. (The blue trade path) For us to consider long opportunities we want to see a break of our monthly resistance zone around 106.000 followed by a confirmed higher low. (The orange trade path)
Short
by ForexLeague
AUDUSD 4hour Analysis August 2nd, 2020AUDUSD Long idea We are looking for long positions only on this pair as all significant timeframes are very bullish and we recently saw a break of our major resistance/monthly zone at 0.70800 Price action is pulling back on this 4hour timeframe so we will watch for higher lowers and strong bullish setups to confirm another push higher. (The blue trade path) For us to consider short opportunities we need to see a break below our monthly zone with a retest and confirmed higher lower. (The orange trade path)
Long
by ForexLeague
EURJPY Daily Analysis July 26th, 2020EURJPY Short Idea Higher timeframe analysis suggests an overall bearish trend but the 4hour has been extremely bullish since mid May. Looking at the 4hour we can see that we will only be looking for long opportunities until we see a serious transition take place. Two potential scenarios for price action: 1.Price action retraces, confirms a higher low and presents strong bullish setups. Look to target higher toward key resistance. (The blue trade path) 2. Price action pushes lower and breaks our 121.250 zone. Look to enter for short opportunities when a lower higher is confirmed. (The orange trade path)
Long
by ForexLeague
USDJPY 4Hour Analysis July 26th, 2020USDJPY Short Idea This pair is looking bearish on higher time frames but also is significantly bearish on this 4hour timeframe. Looking for opportunities with this bearish trend we will have to wait for the right entry. Ideally we would like to see a retracement to a key fib level followed by bearish setups. This would confirm structure & a lowerhigh. Target lower toward significant support (The blue trade path) If price action does push higher we would need to see a break of at least the 106.700 zone and a confirmed higher lower before considering long opportunities. (The orange trade path)
Short
by ForexLeague
DXY (USD Index) Daily Analysis July 26th, 2020 DXY Short Idea The USD has been extremely bearish on the daily timeframe and bearish price action is not showing signs of slowing down. Currently we are at the 95.00 zone and have to wait for price action to break or bounce from this level. We have two potential scenarios: 1.Price action continues with bearish momentum breaks 95.00 and retraces. Look to target lower on bearish setups confirming a lower high (The blue trade path) *Most likely scenario* 2.Price action bounces at 95.00 and either consolidates or changes trend. In order to consider long positions we need to be well above 96.50 and in a strong 4hour/daily bullish trend.
TVC:DXYShort
by ForexLeague
USDJPY 4Hour Analysis July 12th, 2020USDJPY Short Idea All higher time frames are significantly bearish and we are looking to enter on a bearish continuation. We can also see that price action on the daily timeframe has been ranging between 109.250 & 106.000 and the most ideal trade would be a breakout of this range. Within this range we can also look for lower timeframe trade opportunities. 1.Looking for a confirmed retest of the 61.8% fib level. Enter on strong bearish setups and target lower toward 106.000 (The blue trade path) 2.We see a break and retest of 107.700 followed by strong bullish setups. Look to target toward major resistance near 109.250 (The orange trade path)
Short
by ForexLeague
DXY (USD Index) 4hour Analysis July 12th, 2020 DXY Short Idea Overall sentiment on higher timeframes is bearish We are now looking for continuation opportunities to the downside. Last week we saw a bearish break of our ascending triangle and price action is now establishing lower highs. We will favor a strong bearish continuation and are looking for bearish setups at the current level. Look to target significant support around our 95.00 monthly and -27% fib level If 97.00 is broken and retested we will re-analyze for potential bullish opportunities
TVC:DXYShort
by ForexLeague
EURJPY 4hour Analysis June 28th, 2020EURJPY Short Idea The overall trend on this pair is bearish, however, we have seen a strong 4hr bullish trend push price action up toward a major resistance level around 123.400 From that level we saw price action swiftly reverse and began forming a descending channel which is in line with the overall bearish sentiment Currently we have two potential scenarios of how this could play out 1.Price action continues lower after rejecting 120.500. Look for a break and retest of 119.500 followed by strong bearish setups confirming a lower high. Target toward the monthly support around 116.500 (Trade Path #1) 2.Price action pushes higher and breaks 120.500. Look for a confirmed higher low and target significant resistance zone as profit levels like 121.500 & 123.400 (Trade Path #2)
Short
by ForexLeague
EURUSD 4Hour Analysis June 28th, 2020EURUSD short Idea Higher timeframe analysis shows that the overall sentiment is bearish but recently we have seen a strong 4hour bullish trend This 4hour trend found resistance around 1.1400 and formed a head & shoulders reversal pattern. We can now see that price action is in a descending 4hour channel and is currently at a crucial level around 1.11745 From this level we have two potential trade scenarios 1.Price action continues to fall and breaks & retests 1.11745. We will look to enter on a lower higher and target toward our next major support around 1.10450 (Trade Path #1) 2.Price action bounces off 1.11745 and breaks the descending channel. Look to enter on strong bullish setups/higher low confirmation and target higher toward major resistance around 1.13500
Short
by ForexLeague
AUDJPY 4hour Analysis June 28th, 2020AUDJPY Short idea Higher timeframes are significantly bearish although we have seen a strong 4hour bullish trend up until our monthly zone around 76.500 From this level we saw a strong reversal in the form of a large head & shoulders pattern. Price action has been forming lower highs and lower lows since which line up with the overall bearish sentiment At the current level we have two potential scenarios that could play out 1.Price action forms strong bearish setups at the current level below resistance at 73.800, look to target lower toward 72.600 (Trader Path #1) 2. Price action pushes higher, breaks & retests 73.800. Look to target higher toward major resistance around 74.650 (Trade Path #2)
Short
by ForexLeague
1
AUDUSD 4hour Analysis June 28th, 2020AUDUSD Short idea Higher timeframes are bearish although the 4hour has been extremely bullish up until our 0.70400 resistance zone At this level we saw a reversal with a confirmed Lower high & double top pattern From the current level we have two potential scenarios of how price action could play out 1.We see price action continue to push lower with strong bearish momentum. Look to target toward our next major support around 0.67500 (Trade Path #1) 2.Price action pushes higher and breaks 0.69000. Look to enter long on a higher lower above this level followed by strong bullish setups. Target toward our higher resistance level around 0.70500 (Trade Path #2)
Short
by ForexLeague
DXY (USD Index) 4hour Analysis June 28th, 2020 DXY Long Idea All higher timeframes are significantly bullish although we did see a 4hour bearish trend push price action lower toward our monthly support around 96.00 From the monthly support we saw a strong bounce and now price action looks to be forming a 4hour bullish trend which is now in line with the higher timeframes. For us to confirm a bullish continuation we need to see a break and retest of 97.75 (Trade Path #1) If we see a reversal at 97.75 we will look for price action to fall lower toward 96.50 and fill this range once again (Trade Path #2)
TVC:DXYLong
by ForexLeague
EURJPY 4hour Analysis June 21st, 2020EURJPY Short Idea Overall higher timeframes are very bearish on this pair despite the huge 4hour rally we saw to our major resistance zone around 123.500 At that zone we saw bears take over price action resulting in a clean reversal which plays into our overall bearish sentiment We saw a key 1hour bearish transition & now a 4hour bearish transition as the 119.850 has been broken. To enter short we want to see a retest of that 119.850 level followed by strong bearish setups confirming this short opportunity. Look to target lower toward our major support zone around 116.500
Short
by ForexLeague
EURUSD 4Hour Analysis June 21st, 2020EURUSD short Idea After the bullish rally on the 4hour timeframe we saw a strong head & shoulder reversal pattern form and execute. We were originally bearish on our higher timeframes and will remain bearish as we did not break to new highs on the daily. From this level we simply want to see a retest of the 38.2% fib level around 1.12350 with some strong bearish setups to follow before we can enter short. Look to target lower toward our major weekly support around 1.10450
Short
by ForexLeague