A simple break and retest pattern here, we wait for the price to reject our previous support level that would act now as a resistance level.
Market structure still showing us that price is moving sideways. It hasn't broken any major levels so it's trading in a range of support and resistance. Buy is good if the price is in the support level but if it breaks then we are shorts.
As price is strong to the downside we then wait for it to tap into our support level. So we could either long it if we find confirmations or short it if it breaks below.
Gold Long idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold is still looking bullish and is technically mid trade. To continue long look for structure forming higher lows up to our 2000.000 resistance area. Trade scenario 2: For us to consider Gold bearish again we would need to see a lower high below 1930.00
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: So EJ is also super bullish however we do see a very tight and steep 4hour channel. This is not ideal given how overextended the higher timeframe seems but the most likely scenario here is that price action actually pushes toward resistance around 137.000...
AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement. We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything. Trade...
AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are definitely looking bullish here on AU but we can see price action is curving out a bit. Ideally we see AU pullback to form structure closer to our 0.74000 support level and form a higher low. Look to target higher toward 0.76000 resistance. Trade...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall DXY is bullish on higher timeframes while the 4hour timeframe is within a range between 99.250 resistance & 97.850 support. The most likely scenario is that price action will push toward the top of the range before we see any sort of reaction. Once we...
Price breaks the support level then now moving indecisive that's why there's a possibility that the buyers could get in anytime to push the market to the upside. But then since price breaks a certain level of support we are bearish for now if we find confiramtions.
A simple break and retest pattern formed here but we are still vulnerable with bearish since there is no sign of rejection from the resistance. But if it happens to reject that level then we are pretty bullish with this pair.
We are still caught up with the sideways movement of the market. So either wait for the price to taps in our support level to buy or wait for a breakout.
Currently price is trading at the support level where it is moving indecisive. So either we long it if we find bullish confirmations or short it at a retest if it breaks below.
As the price is moving inside the resistance level which was rejected multiple times we then wait for confirmation to go short this pair. But there is a possibility that price breaks above so we wait for the retest.
To start the week, we could see that the price is moving pretty much sideways. For us to get in on a trade just wait for a rejection at the resistance level or if it breaks above then we wait for the retest.
Gold Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking newly bearish here on Gold after we saw a head and shoulders reversal signals execute and play out. Currently price action rests near 1930.00 support but price action is strongly suggesting we are heading lower. The most likely scenario is that...
EURJPY Bullish Idea Weekly Trend: Bullish With Large Bullish Flag Daily Trend: Bullish Price action pushing toward upper flag 4hour Trend: Bullish (Current Chart) Trade scenario 1: Price action has been overall bullish on EJ on the higher timeframes. We can see that on the weekly timeframe, price action has been bouncing within what looks like a very...
USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: This week UJ is low on the list for expected setups due to the extreme surge of volume we’ve been seeing. We simply have no structure whatsoever. The best thing we can do is wait for price action to retrace instead of trying to buy into this rally. Ideally,...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: To no surprise AJ is super bullish as well. We recently saw AJ break important resistance near 87.000. From here we’re looking for structure in the form of a higher low closer to 87.000. Look for strong rejection candles off this level and enter long on...