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AUDJPY 4hour Analysis June 5th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: All timeframes are back to bullish as we saw a massive rally last week all the way up to 95.000 resistance. From here we’re expecting some sort of reaction but we are far from any trade scenarios. For us to consider long scenarios further on AJ we need to see structure first. Look for a retrace and higher low formation above 92.850 support. Ideally we can retrace, spot some consolidation and catch a clear continuation from price action. Trade scenario 2: For us to consider AJ for shorts we need to see a strong bearish trend present itself. We will entertain short scenarios once we break below 92.850 and spot some structure in the form of a lower high below. Look to target lower toward key support levels.
by ForexLeague
AUDUSD 4hour Analysis June 5th, 2022AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: The 4hour timeframe on AU is still looking bullish while the higher timeframes are still technically bearish. We are at a key resistance level around 0.72500 so we will look for reactions going forward. For us to continue bullish we would need to see a break above 0.72500 with a confirmed higher low above. Look to target higher toward 0.74000 Trade scenario 2: For us to consider AU for short scenarios we would first need to see a break of this 4hour bullish channel. Look for price action to break lower and form new structure below 0.72000. Continue looking for shorts as price action develops. Consider only entries on lower highs.
by ForexLeague
DXY (USD Index) Daily Analysis June 5th, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Looking bearish still on the 4hour timeframe and waiting for reactions near 103.000. If we are to continue bearish on this timeframe we need to see a lower high confirm and follow through with good conviction. Trade scenario 2: If we are to consider DXY bullish again we would need to see a break back above 103.000 with structure above.
TVC:DXYShort
by ForexLeague
1
XAUUSD 4hour Analysis May 30th, 2021Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action has been significantly bearish on the daily timeframe and is now consolidating. From here we’re looking for the daily bearish trend to continue starting with strong rejection from our 1870.00 area. Look to enter short on significant lower highs below support levels. Trade scenario 2: For us to consider Gold bullish we would need to see a break back above 1870.00 resistance with structure above.
FX_IDC:XAUUSD
by ForexLeague
1
AUDJPY 4hour Analysis May 30th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AJ is looking newly bullish as we broke back above 91.000 resistance. From here we’re looking for new structure in the form of a higher low close to 91.000. Look to target higher toward 92.850 Trade scenario 2: For us to consider AJ bearish we need to break below 91.000 and form a lower high, new structure. Target lower toward relevant support levels
Long
by ForexLeague
AUDUSD 4hour Analysis May 30th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Overall AU has been bearish on higher timeframes but has been looking very bullish on the 4hour timeframe. The most likely scenario is that price action reaches our 0.72500 resistance level before we see any sort of reaction. Look for higher lows at this point near 0.71200 for re-entries. Consider further long scenarios if 0.72500 resistance breaks and we spot structure above. Trade scenario 2: For us to consider AU bearish again we first need to see 0.71200 break with a lower high below.
Long
by ForexLeague
DXY (USD Index) Daily Analysis May 30th,, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are still overall bullish on the higher timeframes but the 4hour is showing strong bearishness. Based on how price action has been forming it is very likely that we will see our 100.000 support level met before we see any sort of reactions. For us to consider DXY bullish again we first need to see a strong reversal at our 100.000 zone. Trade scenario 2: For us to further consider DXY bearish we would need to see a break of 100.000 support with structure below.
TVC:DXY
by ForexLeague