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XAUUSD 4hour Analysis December 19th, 2021Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Looking more bullish now on gold on the 4hour timeframe. We saw price action push back above 1800 and now looks like it is coming back to retest. Ideally, we see a strong reversal and formation of a higher low. Look to target higher toward 1825.00 if this happens. Trade scenario 2: For us to consider Gold bearish on the 4hour timeframe again we need to see a lower high below 1800.00
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis December 19th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Ranging Trade scenario 1: We are technically still within a high volume range so it’s hard to trade with the overall trend. For us to enter short we need to spot structure forming lower highs which are completely absent right now. Play it safe and be patient with this one. Trade scenario 2: We could catch a potential long position after spotting a higher low above 128.000 but our max target would be 128.850. After that look for higher lows above 128.850 to continue buying.
Short
by ForexLeague
EURJPY 4hour Analysis December 12th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Ranging Trade scenario 1: We’re seeing a bit of ranging on the 4hour timeframe but overall we’re still mainly bearish on the higher timefrrames. From here we’re looking for strong reversals near 128.850 with bearish setups to follow. Look to target lower toward 127.500 support. Also look for lower highs below 127.500 for entries. Trade scenario 2: For us to consider EJ we need to see a higher low above 128.850.
Short
by ForexLeague
1
USDJPY 4hour Analysis December 12th, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall we are mainly bullish on the higher timeframes but we’ve seen a very strong 4hour bearish trend lately. The unfortunate thing is we’re seeing a ton of traffic on this pair with tons of consolidation and s/r levels in the area. To play this safely we’re looking for higher lows above 114.150 Trade scenario 2: The same goes for the bearish scenario, we need to see a lower high below 112.700.
by ForexLeague
1
AUDJPY 4hour Analysis December 12th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish here on AJ although we did see a massive pullback to our 81.500 resistance level. From here we’re looking for a strong reversal with bearish setups to enter short on. Look to enter short on lower highs below 80.400 as well. Trade scenario 2: For us to consider AJ bullish we need to see a higher low above 81.500 with strong bullish setups to enter on.
Short
by ForexLeague
1
AUDUSD 4hour Analysis December 12th, 2021AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are still technically bearish on higher timeframes but we have seen a strong 4hour bullish trend last week. Current price action is consolidation near key resistance around 0.72000. Ideally, we see a nice reversal with a lower high below 0.71500 to enter short on. Trade scenario 2: For us to consider long entries we need to see a higher low above 0.72000
Short
by ForexLeague
1