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EURJPY 4hour Analysis June 12th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish on EJ still but we can see price action is pulling back to our 140.000 level. From this level we’re looking for some sort of bullish reaction with strong setups to enter long on. Look to target higher toward 144.000 resistance if can spot a clear higher low above 140.000 Trade scenario 2: For us to consider EJ bearish we need to start seeing structure below 140.000 support.
Long
by ForexLeague
USDJPY 4hour Analysis June 12th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: UJ is extremely bullish and is currently resting at our 134.000 resistance zone. We ideally want to see more normal structure before taking a trade but the likely scenario for this week is looking like price action will just continue bullish. Trade scenario 2: For us to consider UJ bearish we would need to see a sharp reversal from 134.000 resistance with strong bearish setups to follow. Look to target lower toward 131.000 support.
Long
by ForexLeague
AUDJPY 4hour Analysis June 12th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking bullish on AJ and we are currently seeing a pullback to our 95.000 support zone. How price action reacts at this zone will determine where we look for trades next. Ideally, price action forms structure and continues higher. Look to enter long on conviction after a higher low is confirmed. Trade scenario 2: For us to consider AJ bearish on this timeframe we need to see a break of support at 95.000 with structure below.
Long
by ForexLeague
1
AUDUSD 4hour Analysis June 12th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on all timeframes and last week we saw a major drop to our 0.70000 support zone. From here we’re looking to continue bearish and enter specifically on lower high setups. This could be a multiple setup analysis if price action continues to drop. Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.71150 with a higher low above.
Short
by ForexLeague
XAUUSD 4hour Analysis June 5th, 2021Gold Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Neutral Trade scenario 1: We are still looking bearish on the daily timeframe but we can see the 4hour timeframe is clearly consolidating. We do not trade consolidation so we will have to wait for a break. Ideally, price action breaks bearish and we can spot clear lower highs to enter short on. Continue looking for breaks of support followed by lower high formation. Trade scenario 2: For us to consider gold bullish again we would need to see a break above 1870.00 with strong bullish characteristics from price action.
FX_IDC:XAUUSDShort
by ForexLeague
1