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Priceactiom

DXY (USD Index) 4Hour Analysis March 21st, 2021 DXY Long Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Currently we are looking for long positions inline with the overall trend. Price action is now consolidating in a range. To enter long we Ideally want to see a higher low above resistance at 91.950 with confirmed bullish setups. Target higher toward negative fib levels. Trade scenario 2: Price action could fall to the bottom of the range presenting a lower timeframe short opportunity. To consider usd primarily bearish we need to see a bearish break of this range with a lower high below. Target lower toward major levels of support.
TVC:DXYLong
by ForexLeague
USDJPY 4Hour Analysis November 1st, 2020USDJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish 1Hour Trend: Bearish Overall we are clearly bearish and will look for bearish opportunities specifically until we see a significant amount of bullish momentum Trade scenario 1: Looking to continue with the overall bearish outlook. Ideally we want to see a lower high below 104.500 and the 4hour timeframe moving averages. Enter short on strong bearish setups and target lower toward significant support levels. Trade scenario 2: If we are to consider going long we need to see a break of our 1hour resistance level at least. Look for a higher low above 104.650 with strong bullish setups and you can take a buy into our 4hour resistance level at 105.150
Short
by ForexLeague