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EURJPY 4hour Analysis July 17th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall bearish on EJ but price action is resting at a critical zone. From here we’re ideally looking for a strong reversal near 140.000 with bearish setups we can enter short on. Look to target lower toward key support levels. Trade scenario 2: For us to consider EJ bullish we would first need to see a break of 140.000 with a higher low above. Look to target high toward key resistance levels.
Short
by ForexLeague
AUDJPY 4hour Analysis July 17th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Back to bullish for AJ. We recently broke a 4hour bearish trend when price action pushed through our 92.850 zone. Going into this week we’re looking to continue bullish. Ideally we can spot some quality higher lows close to our 61.8% fib level for entry opportunities. Trade scenario 2: For us to consider AJ more bearish we would need to see a break back through our 92.850 zone. If this happens and price action forms new structure we will consider entries on lower highs.
Long
by ForexLeague
AUDUSD 4hour Analysis July 17th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while. The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000 Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken. After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
Short
by ForexLeague
1
DXY (USD Index) Daily Analysis July 17th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still very bullish on DXY. Going into this week we’re expecting the overall bullish trend to continue. Look for higher lows above 107.600 & near our 38.2% fib level Trade scenario 2: For us to consider DXY bearish on this 4hour timeframe we would need to see a break of 107.600 support and retest as resistance. Look for price action to confirm a new bearish trend after a lower high is confirmed below 107.600
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis July 10th, 2021Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: All major timeframes on gold are now bearish after last week. Clearly we are in a new bearish trend and we will look to continue with it. Ideally, price action retraces to form structure closer to 1800.00 resistance and presents a great short opportunity. Look to target lower toward major support levels. Trade scenario 2: The other likely scenario is that price action just keeps falling. We will then have to re-analyze and come up with new potential scenarios.
FX_IDC:XAUUSD
by ForexLeague