Get started

Forexleague

AUDUSD 4hour Analysis March 20th, 2022AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very bullish on AU recently but now price action is right near key resistance around 0.74000. We know that price action is overextended and without structure so our best play is to wait for our next structure point. Our ideal scenario is if price action pulls back now to form a higher low closer to 0.73000. Look for strong bullish entry candles and target back toward 0.74000 resistance. Trade scenario 2: If price action continues to rally and we see price action break through 0.74000 resistance we ideally need a structure forming higher low above 0.74000 to even consider longs. Price action is just too overextended to take a trade without key structure.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis March 20th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Currently we are bullish on DXY and we can see price action is bouncing between two 4hour zones. The most likely scenario is that price action will bounce off current support near 98.000 and head toward 99.300 resistance area. Trade scenario 2: For us to consider DXY bearish we would need to see a break of 98.000 with a lower high below.
TVC:DXYLong
by ForexLeague
XAUUSD Daily Analysis March 13th, 2021Gold Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking super bullish on GOLD! Currently we are consolidating near our 2000 resistance zone but we are seeing what could look like a head & shoulders pattern. Ideally, we continue with the bullish trend and spot the next higher low above our 2000 zone. This would give us confidence to continue entering long. Trade scenario 2: If price action fails to push higher we need to see the head & shoulders pattern play out, look for a lower high below 1975.00 to enter short on.
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis March 13th, 2022EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking overall bearish here on EJ but we can clearly see a 4hour inverse head & shoulders which is a known reversals pattern. We have yet to break anything but the likely scenario if we are to go bullish would be to see a higher low above 129.000 with strong bullish variations to enter long on. Trade scenario 2: For us to consider EJ bearish we would really need to see a lower high below 129.000
by ForexLeague
USDJPY 4hour Analysis March 13th, 2022USDJPY Bullish Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Just like DXY this pair UJ is very bullish! We can see last week that price action had a surge of bullish volume which sent it flying toward the 117.000 area. Currently we’re a bit overextended and identifying structure would be in our best interest. Ideally, price action pulls back and forms a higher low for us to enter long on. Trade scenario 2: For us to consider UJ bearish we would need to see structure form below 115.00
Long
by ForexLeague
AUDJPY 4hour Analysis March 13th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AJ is looking bullish but with a bit of cleaner structure so far compared to AU. Going into this week we’re looking to maintain the overall bullish trend. We’re actually looking for new structure above recently broken resistance around 85.000 Ideally we can spot a higher low above 85.000 with strong bullish confirmations to enter long on. Trade scenario 2: For us to consider AJ bearish we would first need to see a lower high below 85.000.
Long
by ForexLeague
1
AUDUSD 4hour Analysis March 13th, 2022AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are also looking very bullish on this pair, AU. We can consider our support level around 0.73000 as the key zone. As long as price action is above 0.73000 we will generally be looking for long scenarios. Ideally we can spot a strong reversal above 0.73000 with entry confirmations to enter long on. Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.73000 support with a lower high below.
Long
by ForexLeague
1
DXY (USD Index) 4hour Analysis March 13th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Everything is bullish on the USD! All major timeframes have been bullish and current price action is showing no real signs of slowing down just yet. The most likely scenario is that we will continue pushing toward 100.000 resistance while forming higher lows along the way. Trade scenario 2: If we are to consider the USD bearish again we would at least need to see a break of support near 97.850 with a lower high below.
TVC:DXYLong
by ForexLeague