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EURJPY 4hour Analysis September 26th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall we’re still pretty bearish although we did have a large 4hour rally that could change the trend if price action gets above 130.000 Ideally we see a reversal and continuation of the bearish higher timeframes. Look to enter short on a strong reversal from 130.000 resistance. Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 130.000.
Short
by ForexLeague
USDJPY 4Hour Analysis September 26th, 2021USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: The 4hour timeframe is newly bullish due to a large rally last week which broke our 110.000 & 110.300 resistance levels. At the current level there is no trade so we will have to wait for our next higher low. Ideally, we see a pullback to 110.300 with a strong bullish reversal we can enter long on. Trade scenario 2: For us to consider UJ bearish again we would need to see a break back below 110.000 with a lower high below.
Long
by ForexLeague
AUDJPY 4hour Analysis September 26th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we’re still bearish but we’re seeing an attempt at a 4hour trend change, we are just waiting for this potential higher low to confirm or fail. If we see a strong reversal at the current level, wait for strong bearish setups to enter short on. Target lower toward support around 79.000 Trade scenario 2: For us to fully consider AJ bullish we first need to see a higher low above 80.800.
Short
by ForexLeague