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EURJPY 4hour Analysis 5/24/20EURJPY Long Idea Higher timeframes on this pair are primarily bearish, however, we are seeing a strong 4hour bullish trend emerge after breaking key resistance. Currently we have seen price action retrace to the 61.8% fib level and looks to be getting ready for a bounce. The blue arrow represents the most likely trade path considering we see more bullish setups from at the current level. Look to target higher toward the -61.8% fib level The orange arrows is the trade path that would need to take place for us to start considering short opportunities.
Long
by ForexLeague
EURUSD 4hour Analysis 5/24/20 EURUSD Short Idea Higher timeframes are primarily bearish on this pair but on this 4hour timeframe we have seen significant ranging between 1.10000 & 1.07750 We have an active short on this pair as we saw a bearish transition take place near the top of the range. The blue arrows are our trade projection and seem very likely based on strong bearish momentum and confirmations The orange arrow represents the scenario where we see a bounce from the current level and a potential pullback toward a fib level where we could see another potential opportunity to short.
Short
by ForexLeague
AUDJPY 4hour Analysis 5/24/20AUDJPY Long Idea The higher time frame is primarily bearish but we have seen a very strong 4hour bullish trend much like AU We are going to continue with this bullish 4hour trend and look for long setups within this 4hour bullish channel Confirmation to enter long could be seen after a break and retest of lower timeframe structure around 70.600 (the blue arrow) Look to target toward the -27.2 fib level around 71.650 The less ideal scenario would be a push lower toward the bottom of this 4hour channel (the orange arrow). Look for strong bearish setups at the current level with closure below our 38.2% fib level.
Long
by ForexLeague
AUDUSD 4hour Analysis 5/24/20AUDUSD Long Idea The higher timeframes are bearish on this pair but we have seen very strong 4hour bullish volume lately We are currently favoring a 4hour bullish push higher toward the top of this channel (the blue arrows) and a break and retest of 0.65580 would be confirmation enough The other potential scenario would be a drop in price action toward the bottom of this channel (the orange arrow). To enter short we need to see strong bearish setups at the current area with closure below 0.65150 Until this channel breaks from strong bearish momentum we will remain bullish on this pair
Long
by ForexLeague
EURJPY Daily Analysis 5/17/20EURJPY Short Idea This pair is very bearish on higher timeframes and is also in a very strong daily bearish channel, much like EU In the last couple weeks we saw a break of our major monthly support level followed by a retest which confirmed a Lower High. From the current level we want to see bearish setups which would be confirmation enough to enter short. Right now it’s looking like a 4 hour double top which further confirms our short bias. The blue arrow represents a high probability trade we will take once we have the entry confirmation. Look to target lower toward major support levels.
Short
by ForexLeague
AUDJPY 4hour Analysis 5/17/20AUDJPY Short Idea This pair has been primarily bearish on higher times but has been in a strong 4hour bullish trend up until this current level around our 70.000 resistance level. At the 70.000 level we saw a double top form followed by lower timeframe bearish transitions, very similar to what we saw on AU At the current level we want to see this yellow 4hour support zone break followed by more lower timeframe bearish transitions. The blue arrows are the preferred and highest probable trade outcome here. Look to target lower toward 67.500 after we see a lower high confirmed below or at the yellow 4hour zone.
Short
by ForexLeague
1
AUDUSD 4hour Analysis 5/17/20AUDUSD Short Idea This pair played out exactly as expected last week. We saw rejection from a key weekly resistance zone in the form of a double top and then saw lower timeframe transitions. This gave us the confirmation to enter short and target our next major support level around 0.64000 From this level we want to see this bearish transition continue and play into the overall daily bearish trend. This could be a huge move! Upon similar transition confirmations look to enter short and target lower toward major support levels.
Short
by ForexLeague
2
DXY 4hour Analysis 5/17//20DXY Long Idea USD is on it’s way to test the 101.00 area once again Price action has been forming very well within this range between 98.50 & 101.00 and we are expecting a bounce from this level to continue the range The blue arrow represents the most probable path for price action which in this scenario includes a bounce from resistance at 101.00 The orange arrow represents the possibility of a breakout to the upside if bullish momentum continues. This is not the preferred path but it is possible and could be the result of high impact news, dollar shortage & extreme dollar demand!
TVC:DXYLong
by ForexLeague
AUDUSD Daily Analysis 5/9/20AUDUSD Short Idea The daily timeframe and higher are significantly bearish but we have seen a very strong 4 hour bullish trend. From the current level we will be able to decide if the overall bearish trend will continue or if this 4hour trend will push price action higher and start the daily trend transition to the upside. Price action is currently at the 88.6% fib level and we could see a strong reversal from our weekly resistance. Ideally we want to see a break and retest of 0.64000 to confirm a bearish transition. Look to target lower toward 0.60300 if good bearish volume presents itself after a confirmed lower high.
Short
by ForexLeague
DXY 4hour Analysis 5/9//20DXY Long Idea Last week we saw news push DXY lower out of a 4hour bullish trend toward 98.50 From the 98.50 area I’ll be looking for a bounce as all higher timeframes are significantly bullish and the 98.50 has been holding as key support for quite some time. We also want to see DXY continue to remain stable and continue to range between 101.00 and 98.500 In the scenario we see DXY break 98.50 and continue to the downside look for a confirmed lower high
TVC:DXYLong
by ForexLeague
EURJPY Daily Analysis 5/3/20EURJPY Neutral Idea Last week it looked like this pair was ready to make a push to the downside before it quickly surged higher. From the current level we want to see more confirmation before we decide where this pair may be going. We have 1 of 2 potential scenarios: Price action finds support at the current level and pushes higher. Look to target higher toward 118.500 Price action continues with the overall bearish trend. Look for a break and retest of 116.250 before targeting lower toward 111.650
by ForexLeague
1
AUDUSD Daily Analysis 5/3/20AUDUSD Short Idea Last week we saw price action push up toward our key resistance around 0.65000 which was consistent with a strong bullish 4 hour trend. Now we are seeing a bit of rejection from this level which fits the very bearish daily trend as well as higher timeframe trends. If we see a clear break of 0.64000 then we can consider short positions. If the overall bearish trend starts to take over here we could see a large push to the downside toward our monthly support around 0.60200
Short
by ForexLeague
EURJPY Daily Analysis 4/26/20EURJPY Short Idea This pair is looking very bearish on all significant timeframes The current level 116.250 is where we will see if price action is going to continue lower or bounce We have 2 potential scenarios here: 1. Price action bounces from 116.250 with strong bullish setups. Look to target toward our next resistance level around 118.500 2. Price action breaks 116.250 with good bearish momentum. Look for a retest with the proper bearish confirmations. Target lower toward 111.650
Short
by ForexLeague
1