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XAUUSD 4hour Analysis January 22nd, 2023Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish on GOLD! We are due for some structure so that is a high priority at the moment before we can enter any trades. Ideally, price action confirms new structure near 1900.00 with bullish setups we can enter long on. Trade scenario 2: If we want to consider short scenarios we need to see 1900.00 break and bearish structure form below.
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis January 22nd, 2023EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking bearish on EJ with some dramatic swings in both directions as of recent. Going into this week we want the bearish trend to continue but we need to see more clear price action. Ideally, price action slows down and shows us clear rejection from 140.750. A little bit of consolidation would do us good at this moment. If this happens we can consider shorts down to 138.000 support. Trade scenario 2: If we want to consider long scenarios we need to see price action push through 140.750 resistance and start forming structure above.
Short
by ForexLeague
1
USDJPY 4hour Analysis January 22nd, 2023USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Clearly we are bearish overall and in a healthy trend. Going into this week we’re looking for the trend to continue bearish. Ideally, we can spot clear rejection from our 131.000 area and enter short. Trade scenario 2: If we are to consider a bullish scenario we would first need to see a break of 131.000 resistance and form structure above.
Short
by ForexLeague
2
AUDJPY 4hour Analysis January 22nd, 2023AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are actually bearish but this large 4hour range is throwing off some lower timeframe trends. As we know, we have to let the range do its thing as it is very likely the range will continue. We specifically are looking for reactions near our key resistance 91.000. If the range continues, look for strong rejection from 91.000 to enter short on. Trade scenario 2: If we see price action break above 91.000 we will look for the next point of structure (higher low) before we enter long.
by ForexLeague
3
AUDUSD 4hour Analysis January 22nd, 2023AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish overall on AU but we have some minor zones to be aware of before we enter into any positions. Going into this week we want to see clear price action and confirmations. Ideally, we see the next higher low with strong bullish setups we can enter long on. Trade scenario 2: For us to consider AU bearish we need to see price action fall below 0.68600 with structure formation below.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis January 22nd, 2023 DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are significantly bearish on DXY. Going into this week we’re looking to continue with the bearish trend but we are seeing some consolidation just below 102.700 that needs to play out. Ideally, we can spot rejection from this area and identify the bearish continuation. Trade scenario 2: If price action pushes back above 102.700 we may consider a bullish dollar with convincing structure.
TVC:DXYShort
by ForexLeague
XAUUSD 4hour Analysis January 1st, 2023Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We have been seeing gold turn very bullish but we also noticed a consolidating pattern which usually suggests a large move is imminent. Going into this week we’re looking to continue with the bullish trend. The safest scenario would be to see another rejection off of our 1800.00 support zone with strong bullish conviction to enter on. Look to target higher toward 1850.00 Trade scenario 2: For us to consider gold bearish again we would need to see price action break below 1800.00 and form bearish structure below.
FX_IDC:XAUUSDLong
by ForexLeague
1