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Patternanalysis

AUDUSD 4hour Analysis 4/4/20AUDUSD Short Opportunity Overall this pair is very bearish and all signs show that it will continue to be bearish on all significant timeframes. To enter short we want to see a pullback or a break and retest. Two potential entries would be: Look for a minor pullback on a lower timeframe to 0.60500 area followed by strong bearish setups and confirmations Look for a break of support around 0.59500 followed by a retest with strong bearish setups and confirmations If we see one of these scenarios play out we are looking to target lower toward major support levels like our monthly level around 0.58000
Short
by ForexLeague
AUDJPY 4hour Analysis 3/29/20AUDJPY Neutral Idea This pair has been mainly bearish on higher timeframes and has held a strong bearish channel until recently. Last week we saw a break to the upside out of the daily bearish channel followed by some consolidation Now we are waiting for some conviction so we can better determine where price action is headed. We have two potential scenarios for this to play out This 4hour bullish trend continues to push price action higher after a break of minor resistance around 66.50, target toward 68.00 We see this 4hr bullish trend is not strong enough and price action resumes the overall higher timeframe bearish trend. Look for a break of 65.300 followed by a retest with strong bearish setups, target lower toward the monthly support around 64.000
by ForexLeague
2
AUDUSD 4hour Analysis 3/29/20AUDUSD Short Opportunity For the last few weeks we have seen this pair turn very bearish and now we are seeing what looks like a key retracement. We are currently at the daily 61.8% fib level and key resistance around 0.62000. From this level I am looking for a lower timeframe transition and break of support followed by a retest with strong bearish confirmations. In that scenario it would be plenty of confirmation to then short and target lower. Look to short toward lower support levels around 0.59500 and the monthly support around 0.58000
Short
by ForexLeague
DXY Daily Analysis 3/29/20DXY Long Idea The current trend on the 4hour is very bearish and is looking like a retest of the 61.8% fib level and monthly support. The overall higher timeframe trends are bullish. From the current area we are looking for one of two situation to play out Momentum continues to push price action lower into a deeper fib level and significant support around 96.50. Target toward that level We see a bounce around the monthly support and 61.8% fib level, look to target toward the 100.00 area and potentially higher.
TVC:DXYLong
by ForexLeague
EURJPY 4hour Analysis 3/22/20EURJPY Neutral Idea This pair is looking bearish on the weekly, daily and 4 hour time frames. Currently price is consolidating between 119.500 and 117.500 but is still looking favorably bearish You can trade this range as an aggressive option or play it conservatively and wait for a break of a key support or resistance. Ideally a push toward 117.500 followed by a break and retest would be enough to enter. Look to target toward the monthly support around 115.500
Short
by ForexLeague
1
AUDJPY 4hour Analysis 3/22/20AUDJPY Short Idea This pair is primarily looking bearish on all significant time frames so our first trade idea will favor a bearish outlook. Currently we are seeing price action retrace to the prior LH around 65.500. We are looking for one of two scenarios to play out: 1. Price action pushes lower breaking support around 63.500 followed by a retest with strong bearish setups, target lower toward the -27% fib 2. Price action breaks resistance at 65.500 followed by a retest with strong bullish setups, target toward the weekly resistance around 70.000
Short
by ForexLeague
2
XAUUSD (GOLD) Daily Analysis 3/15/20Gold Neutral Idea We have seen that gold has been very bullish overall on the higher timeframes. Last week we saw Gold depreciate against the quick rise of the usd. From the current level of support around 1515.00 we are looking for one of two potential scenarios. Price action bounces and sends gold back into the overall bullish trend, target higher resistance and key levels Price action breaks support and pushes lower. Look for the broken level to be retested with plenty confirmation and target lower As usd news remains uncertain we will see erratic market movements, when things start to settle so will the market. Normal market conditions will always resume with time.
FX_IDC:XAUUSD
by ForexLeague
NZDCAD Daily Analysis 3/15/20NZDCAD Short Idea Last week we saw this pair turn extremely bearish with huge momentum all the way to our major support level around 0.83750 From this level we’re looking for one of two situations to play out 1. A significant bounce keeping price action within this range, look to target significant resistance levels 2. Bearish momentum does not slow down and pushes price action through the current support level, look to target significant support levels A perfect setup for a short position would be a break and retest of support at 0.83750 followed by strong bearish confirmations on multiple timeframes
Short
by ForexLeague
1
EURUSD Daily Analysis 3/15/20 EURUSD Short Idea This pair is in the middle of what looks like a significant retracement and is currently holding at the daily 200ema and support level around 1.11500 From this level we are looking for two potential outcomes Price action bounces swiftly from this level & the 200 ema, look to target significant resistance levels Price action breaks support and begins pushing lower. Target significant support levels We will remain in the waiting phase as this plays out. Look for price action to bounce or break and enter on lower time frame confirmations.
Short
by ForexLeague
EURJPY Daily Analysis 3/15/20EURJPY Short Idea This pair is still looking very bearish on all significant timeframes. Ultimately we are still looking for short setups as the daily trend is still strongly bearish until a daily lower high is confirmed broken. From the current level we want to identify some bearish setups as well as lower timeframe transitions. The sooner we can spot a potential transition the sooner we can get into a high probability trade around this level. Look to target lower toward 115.500 and other major support levels
Short
by ForexLeague