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USDJPY 4hour Analysis July 10th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: UJ is still extremely bullish on the higher timeframes but we can see that price action has been forming a range recently. The most likely is that scenario is that the range will continue to form and price action will reverse short term around 136.600 Trade scenario 2: For us to continue bullish we would need to see a bullish break of the range with a 4hour higher low above 136.600 Keep in mind this is a high risk pair at the moment due to unsustainable rallying & lack of higher timeframe structure.
by ForexLeague
AUDJPY 4hour Analysis July 10th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are clearly bearish on AJ and it looks like we are going to continue with this bearish trend into the week based on what we can see right now. Ideally, we spot a strong reversal near 92.850 with price action forming a lower high below. Look to enter short on strong bearish setups after the lower high. Trade scenario 2: For us to consider AJ bullish again we would need to see a significant higher low above 92.850 with strong bullish setups to enter on.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis July 10th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are extremely bullish here on DXY and price action is not showing any signs of slowing down yet. Based on what we can see and how bullish DXY has been it’s likely that we’ll continue to push higher into the week. Trade scenario 2: For us to look at this chart and say “this is clearly bearish” we need to see a few things happen. Ideally, price action reverses and breaks minor support around 106.750 and starts forming strong characteristics of a bearish trend, Lower highs and lower lows.
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis June 27th, 2021Gold Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold is looking bearish but we are forming a bit of a pattern here. Price action is resting near 1830.00 and we are waiting for reactions here to determine where we’re going next. Ideally we continue bearish and we see structure below 1830.00. Look to enter short on strong lower highs below 1830.00 and look to target lower toward 1800.00 Trade scenario 2: The other likely scenario is that this pattern continues to develop and we see price action push toward our 1850.00 area. Look for reactions at this level for the next move.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis June 27th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: EJ is off! Looking bullish here and we are actually mid move/trade right now. Currently it looks like price action will rally into 144.000 resistance before we see any sort of reaction. For us to continue buying EJ we need to see structure above 144.000 resistance. Trade scenario 2: For us to consider EJ bearish the first step we would need to see would be strong rejection from 144.000.
Long
by ForexLeague
1
USDJPY 4hour Analysis June 27th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Still very bullish on UJ and it looks like it’s getting ready for it’s next move. Price action recently formed a higher low above 134.000 and is showing signs of bullish conviction which could bring us to a new high. Look for strong conviction right now to enter long. Look to target higher toward the prior high and -27% fib level. Trade scenario 2: For us to see UJ as more bearish we first need to see a break of 134.000 with structure below.
Long
by ForexLeague