Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We have been seeing gold turn very bullish but we also noticed a consolidating pattern which usually suggests a large move is imminent. Going into this week we’re looking to continue with the bullish trend. The safest scenario would be to see another rejection...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support. The most likely scenario is price action forming a lower high below 140.750 which we can enter short on. Trade scenario 2: If we want to consider EJ...
USDJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are clearly looking bearish on UJ as expected due to DXY falling. There is a strong likelihood we will continue bearish this week but personally I am not satisfied with the current price action, we are a bit extended with a large amount of volume still in...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking quite bearish on AJ but we are in the process of confirming a retest. Recently, price action rejected 91.000 resistance and started forming a lower high. These are all great signs that price action will continue bearish but we are not convinced...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are definitely looking bullish this week as AU is in an active long position. Most likely price action will push to 0.68500 resistance before reverses. If we get an opportunity to re-enter we want to ideally ride the bullish trend and look for confirmed...
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on the USD as we enter the new year. We ended the year with some consolidation near our 103.800 zone followed by a recent break of 103.800. Looking into this week it’s likely we will see the USD continue bearish. Look for lower highs to confirm...
Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish here on gold but price action is having a hard time breaking through 1800.00 resistance. If we are to continue bullish we need that break above 1800.00 with structure above. Trade scenario 2: If we are to enter short we want to spot strong...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Looking newly bullish but we still have to get through key resistance at 145.000 to confirm the new 4hour trend. Going into this week we want to look for reactions from 145.000 as it is the zone that is holding the daily trend. If we break above, look for a...
USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking overall bearish still but this week we are waiting for reactions near our 137.000 zone. If we are to continue bearish we need to see strong rejection from 137.000 with lower highs below. Look to target lower toward key support levels. Trade scenario 2:...
AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are overall very bearish looking on AJ but we just hit key support around 91.000. At the moment we may not have any short opportunities but we will be looking for reactions from this zone. The most likely scenario is that price action will go to form...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short. Look for price action to consolidate and establish a larger presence below 0.67000, when we can...
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1:DXY is still holding bearish but we are approaching key resistance around 105.000 so we will be looking for reactions around this zone going into the week. Ideally we maintain the 4hour bearish trend and see a strong reversal from 105.000. Assume a bearish dollar...
Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish and without structure. This makes the current situation high risk in my opinion. Ideally we want to continue with the overall bullish trend but there is not a high probability opportunity present. In a perfect world, we would like...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement. Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short. Trade...
USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend. Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still technically bearish on AU although we are seeing a large retrace to our 93.000 resistance zone. Going into this week we are looking for reactions around 93.000, either a break or bounce of the zone. For us to remain bearish we want to see...
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1:Looking bearish going into this week and price action is currently right where we want it. Going into this week we ideally want to see strong rejection from our 105.000 resistance level. This would give us confidence that the USD will continue bearish for at least...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000. Going into this week we’re looking for lower highs to form below 143.000 so we may target lower. Trade scenario 2: For us to see EJ as bullish again it would...