Get started

Forexleague

USDJPY 4hour Analysis April 10th, 2022USDJPY Neutal Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We have been very bullish here on UJ and it is not showing signs of reversal yet although we are near a major supply zone around 125.000. It would make a lot of sense if price action reverses here and we will be waiting for a break of the most recent lower high if it does. Once we see that 4hour lower high we can consider short entries and target lower toward 121.250 support. Trade scenario 2: If price action breaks through 125.000 resistance look for higher lows above as it is likely price action will rally into our -27% fib level around 128.000.
by ForexLeague
AUDJPY Daily Analysis April 10th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Price action on this pair is still very overextended. We’re still looking for a massive pullback to correct this rally and form structure. Without structure we can’t do much on this pair just yet. Ideally, we see some consolidation followed by a pullback to 88.000 support. Trade scenario 2: We may have a short position loading up as well but it will be more risky without structure. Look for a break and retest of 91.000 support with strong bearish candlesticks to enter short on. Look to target lower toward 88.000 support.
by ForexLeague
DXY (USD Index) 4hour Analysis April 10th, 2022 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are still super bullish on DXY and it does not show signs of slowing just yet. We can see price action is resting right near 100.00 resistance which is a hugely overvalued area for the dollar. Ideally, we see some reaction from current resistance and start heading lower again. Look for a break of 99.250 support with a lower high below. We can then expect DXY to turn bearish for the short term. Trade scenario 2: For us to continue seeing DXY as bullish we need to see a massive break of 100.00 resistance zone. Look for structure above with strong bullish setups.
TVC:DXY
by ForexLeague
USDJPY Daily Analysis April 3rd, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Every timeframe on UJ is looking very bullish but also pretty steep. We have to be careful when scoping trades. Ideally we continue bullish and spot some strong bullish confirmations right in this area. Look to target higher toward 125.000 resistance. Trade scenario 2: For us to really see UJ as bearish we need to see a break of support around 121.250 followed by 120.000
Long
by ForexLeague
AUDJPY Daily Analysis April 3rd, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking very bullish here on AJ and nothing here suggests otherwise. We have experienced a very large increase in volume which leaves us lacking structure. Before we can consider any trade scenarios we need to see a massive pullback with structure. Trade scenario 2: The other scenario is that price action is not done rallying. It is very likely price action pushes toward 95.000 resistance then present reactions.
by ForexLeague
AUDUSD 4hour Analysis April 3rd, 2022AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high. From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long. Trade scenario 2: For us to consider AU bearish we need to see a break of 0.74000 with a lower high below.
Long
by ForexLeague
2
DXY (USD Index) 4hour Analysis April 3rd, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Technically all timeframes are looking bullish, however, we can see a large 4hour range between 99.250 resistance & 97.850 support. The most likely scenario is that price action continues toward 99.250 resistance before seeing any sort of reaction. Trade scenario 2: For us to consider DXY bearish we would need to see a break below 97.850 support with a lower high below.
TVC:DXYLong
by ForexLeague