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Forexleague

DXY (USD Index) 4hour Analysis November 21st, 2021 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Super bullish here on DXY but we’re seeing some reaction around the 96.300 area. One problem is that we have not seen structure form yet and we’re due for a bit of a pullback. Ideally we see structure form followed by strong bullish setups. Trade scenario 2: Short term bearish outlook on DXY, we could see a fall to support near 94.500 area.
TVC:DXY
by ForexLeague
EURJPY 4hour Analysis November 14th 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall the higher timeframes are bullish but we have seen a fairly strong bearish trend on the 4hour. Currently price action is resting at key support near 130.000 and how it reacts here will determine where we go next. If the 4hour bearish trend continues, look to enter short once we can confirm a lower high below 130.000 Trade scenario 2: We could see a strong reversal at 130.000 support and we could enter long on a lower timeframe trend change but i recommend waiting until we can confirm 4hour bullish structure. (ie. break of structure/ higher lows above major levels)
Short
by ForexLeague
AUDJPY 4hour Analysis November 14th 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking very bearish here on AJ. Currently we’re seeing a bit of consolidation near 83.250 support but we’re going to play the trend. Ideally, price action presents a lower high below 83.250 for us to enter short on. Trade scenario 2: For us to consider AJ bullish we need to see a transition on this 4hour timeframe with a strong higher low. Look to enter long and target higher toward 85.000 resistance.
Short
by ForexLeague