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AUDUSD 4hour Analysis September 12th, 2021AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation. For us to enter we ideally need to see a lower high below the range. Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.
by ForexLeague
DXY (USD Index) 4hour Analysis September 12th, 2021 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Last week we saw a 4hour change of trend. We confirmed a higher low just above 92.500 and we’re now looking bullish. Ideally, price action continues with this transition and pushes back toward resistance around 93.800 Trade scenario 2: For us to consider DXY bearish again we would need to see a massive reversal right now and a break below 92.500. If this happens look for price action to fall toward the bottom of the range near 92.000
TVC:DXYLong
by ForexLeague
XAUUSD Daily Analysis September 5th, 2021Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825. For us to consider a long opportunity we would need to see that higher low form above 1825 Trade scenario 2: Overall we are bearish on the higher timeframes but the 4hour has been a big pain. We will have to wait until we can spot a lower high below 1800 If you prefer range trading go for it as there could be some nice movement but until we see the break I personally will not be trading gold.
FX_IDC:XAUUSD
by ForexLeague
USDJPY 4Hour Analysis September 5th, 2021USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Price action has been consolidating around 110.000 and it looks we could finally be seeing the break lower. Look for price action to form a lower high with bearish setups for us to enter on. Look to target lower toward support around 109.150 Trade scenario 2: For us to consider UJ bullish we first need to see a large rally through 110.000. Because of the prior consolidation I would need to see a higher low closer to 110.250 before entering long.
Short
by ForexLeague