Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very clearly bullish on gold now but we have rallied pretty high and are due for a retracement. As price action sits now, we are right near our 1800.00 major zone. It all comes down to this level, break or bounce. Ideally, price action reverses here and...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still overall bullish but this chart is showing us it’s getting ready to break lowe. Going into this week we are looking for reactions from our 144.000 zone. Ideally, price action breaks below 144.000 and forms a lower high below. If this plays out it...
USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: UJ fell off hard last week and has been hanging around this new low below 140.500. We are technically in a phase of consolidation so we will have to wait to see some conviction kick in. Ideally, price action continues bearish and proves so by rejecting 140.500...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are still consolidating on higher timeframes on AJ but overall we are bullish. Going into this week we are looking fo reactions from our 93.000 zone. Ideally, price action breaks below 93.000 and forms a lower high we can confidently enter short on. Trade...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still very bullish but price action has been consolidating near our 0.67000 resistance zone. Going into this week we want to identify structure before getting into a trade. Ideally we see price action retrace to 0.65500 and confirm a higher...
DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we have been very bearish on DXY and last week was spent consolidating at this new low. Going into this week we’re looking for lower highs closer to 108.500 resistance. If we see this we can confidently say DXY will continue bearish. Trade scenario 2: The...
Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: After last week we can now see that gold is bullish on all major timeframes. Going into this week we’re ideally looking for gold to continue bullish, we just need to see some structure first. Look for a higher low as close to 1675.00 as possible before entering...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are looking bearish on the 4hour timeframe but higher timeframes point to bullish still. With our eyes on our key zone, 144.000, we’re looking for reactions to better understand where price action is going next. Ideally, if we continue bearish we want to...
USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more and more bearish on UJ as we change higher timeframe trends. Going into this week we want to look for structure, so that means a lower high forming near 140.500 with convincing bearish variations to short on. Trade scenario 2: The other...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall AJ is bullish on higher timeframes but we recently have been seeing some strong 4hour bearish volume. Going into this week we’re looking to see if this 4hour bearish trend continues. For this to happen we need to see a break of 93.000 support with a...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are now looking bullish on AU as we surged through our 0.65500 zone and now price action is now resting near our 0.67000 zone. Going into this week we’re looking for reactions and the most likely scenario would be a retrace to 0.65500. Ideally, we can...
DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking newly bearish on DXY as last weeks’ volume sent the dollar into a downtrend. Going into this week we’re looking to see if this new trend will stick or not. Ideally, for more clear price action, we want to see a retest of 108.500 with a formation of...
Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Despite last weeks’ huge bullish volume we are still overall bearish. As long as price action remains below 1675.00 bearish is our bias. Going into this week we’re looking for reactions from 1675.00 and we can spot a couple good setups if we do head bearish...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We have been very bullish on EJ but as of lately we are seeing a 4hour bearish trend. Going into this week we’re looking for the classic break and retest. Price action is currently resting at our 146.250 zone and we’re waiting for reactions. If we are to...
USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall we have seen UJ be extremely bullish the last few months but now we’re seeing some 4hour bearishness with a ton of consolidation. Ideally this descending triangle pattern holds and price action continues bearish again. Look for clear bearish conviction...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we have been generally bullish on AJ but we have been stuck between these two zones for quite a while. Price action is clearly struggling to find a trend so we will wait until the range is broken. Ideally, we see price action break above our 94.750...
AUDUSD Beaish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We have experienced some high volume last week which leaves us with a difficult chart to read this week. Looking at the chart we can see that overall we’re bearish until we see some structure above 0.65500 as that is where the last 4hour high plummeted from....
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall DXY has proven to be very bullish but we are currently seeing the 4hour timeframe as more bearish. Going into this week we’re looking for reactions near our 110.700 zone to better determine where price action goes next. Ideally, we would like to see a...