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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
AUDJPY 4hour Analysis June 21st, 2020AUDJPY Short idea Higher timeframes are also bearish on this pair but we saw a huge rally which pushed price action to our monthly resistance zone around 76.000 From that level we saw a 4hour head & shoulders pattern which presented a very strong reversal after the neckline broke. With this reversal and overall analysis in mind we will remain with a bearish sentiment and will continue to look for short opportunities. At the current level we want to see strong bearish setups confirming this bearish continuation. Look to target toward our weekly support around 70.000
Short
by ForexLeague
AUDUSD 4hour Analysis June 21st, 2020AUDUSD Short idea Overall higher timeframes are bearish but we saw a strong 4hour bullish trend push price action up to our major resistance zone around 0.70250 where we saw a key reversal happen. At our resistance level we saw a double top then a lower timeframe transition to the down side. Since then price action has been printing lower highs repeatedly hinting at a larger bearish move to come. We did enter last week on a short position and would still be active if price action did not come back to entry around 0.69000 Now we are looking for a retest of broken structure with strong bearish setups before entering short again. Look to target lower toward our major support around 0.67500
Short
by ForexLeague
DXY (USD Index) 4hour Analysis June 21st, 2020 DXY Long Idea All higher timeframes are majorly bullish on USD although we did see a strong 4hour bearish channel push price action down toward our major support zone around 96.00 From this level we saw massive rejection followed by 1hr and now a 4hr transitions to the upside. We will remain with a bullish sentiment and target our next major resistance zone around 98.40. From this level we will re-analyze and see how price action reacts at that level.
TVC:DXYLong
by ForexLeague
EURJPY 4hour Analysis June14th, 2020EURJPY Short Idea As expected we saw a huge reversal from a key resistance zone around 123.500 last week. From the current level we want to see bearish momentum continue and break support levels on our way down confirming this transition. If we see strong bearish setups at the current level a short entry would present itself. Look to target lower toward the 61.8% fib and key support around 119.850 for our first target. If we see the 119.850 level break and retest followed by bearish confirmations we could see this pair drop significantly. Look to target toward 116.500.
Short
by ForexLeague
EURUSD 4Hour Analysis June 14th, 2020EURUSD short Idea Last week we saw a reversal on this 4hour bullish trend just before our major monthly resistance zone around 1.15000 If this transition continues we could see a fairly large drop to major support levels We want to see a lower high form right where price action is currently followed by strong bearish setups that would then present a short opportunity. We are looking to target lower toward our 1.11750 structure level followed by a lower target around our weekly support, 78.6% fib level, 200ema, and key structure around 1.10000
Short
by ForexLeague
AUDJPY 4hour Analysis June 14th, 2020AUDJPY Short idea Last week we saw a huge reversal from our monthly resistance zone around 76.000 in the form of a large head & shoulders pattern. We managed to catch a great short opportunity on a break of the right shoulder and rode price action down to our supporting daily trendline. From the current level we are looking to short again as price action is retesting the broken neckline. If we see strong bearish setups we will look to enter and target lower. Look to target toward the 200 ema around 72.000 and potentially lower as we see confirming lower highs form. Ideally a bearish leg down to the weekly support around 70.000 would be perfect.
Short
by ForexLeague
AUDUSD 4hour Analysis June 14th, 2020AUDUSD Short idea We saw a strong reversal from our monthly resistance zone last week. A double top formed on the 4hour timeframe and presented a bearish transition after a break and retest of our 0.69000 level. From the current level we want to see strong bearish confirmations further confirming this transition which would result in more bearish volume stepping into the market. Look for those bearish setups and look to target lower toward our next major support around 0.67500
Short
by ForexLeague
XAUUSD 4hour Analysis June 7th, 2020Gold Long idea Overall higher time frames are very bearish but we have seen a smaller bearish trend form pushing price action back down toward our monthly support around 1675.00 From this level we want to see a strong bounce which breaks minor resistance levels and starts forming higher lows. (The blue arrow) We will remain bullish and look to target 1800.00 The orange arrow represents the trade path that begins a daily bearish transition. Look to enter on lower highs and target next significant support levels.
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis June 7th, 2020EURJPY Long Idea Higher timeframes have been primarily bearish but we saw a clear break of our daily descending channel We are now seeing a strong bullish trend establish itself. Price action pushed all the way up to our major resistance zone around 123.500 From here we have two potential scenarios: Price action momentum continues and pushes higher into our next range. We will re-analyze but continue with a bullish outlook. Price action reverses from the current level and heads toward a key fib level The blue arrow represents scenario 1 and is the likely trade path for this 4hour trend The orange arrow represents scenario 2 and is only a pullback in an overall bullish trend
Long
by ForexLeague
AUDJPY Daily Analysis June 7th, 2020AUDJPY Long idea The monthly and weekly timeframes are very bearish, however, we saw this daily timeframe turn extremely bullish last week. We saw a break of our descending channel and large bullish volume enter the market pushing price action up toward our key monthly level around 76.000 From this level we have two potential scenarios: Bullish momentum continues and pushes price action through this monthly resistance level. We will then look for long positions targeting the 80.000 handle Price action reverses at the current level and presents a short opportunity down toward a key fib level and other major support levels.
Long
by ForexLeague