AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very bullish on AU recently but now price action is right near key resistance around 0.74000. We know that price action is overextended and without structure so our best play is to wait for our next structure point. Our ideal scenario is if price action...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Currently we are bullish on DXY and we can see price action is bouncing between two 4hour zones. The most likely scenario is that price action will bounce off current support near 98.000 and head toward 99.300 resistance area. Trade scenario 2: For us to...
As the market was pretty bearish yesterday and today's london session we might expect buyers kick in as the price is in the support level. But if it happens to break below it then short position would be more promising to us.
Currently we are in the major key level where once a support now would act as a resistance level if it holds its level. So as the market structure is more bearish we anticipate a rejection from that level. But if price happens to break above it then we would be bullish.
Price is still inside the minor resistance level where it could break above or reject and proceed to be bearish. Either way we are both ready for it.
The price keeps on breaking key levels and targeting the previous high. We are anticipating price would pullback towars our previous support level and would bounce to target the previous high. But if it breaks bellow then the next level of danger is the following previous support level.
Wait for the price to taps in to our key level where we could have 2 possible scenarios. First, is a rejection of that level since we are still bearish with the market structure. Or it breaks above the said key level and flip its previous movement and become bullish.
Price reacting at the minor resistance level. So either it fails to hold it and breaks above, or a rejection towards the support level. Seek for confirmations before placing a trade.
Last week's trade was banger if you followed my analysis with this pair. The market structure is still moving sideways so either we buy at the support level or wait for a break of structure.
Still bearish in overall structure but there's a probability that the market can break above the key level. So if that happens we are short term bullish but for now bearish is more promising.
Price is now moving bullish movement as the last week closed was respecting the support level. But if it happens to break below then we are bearish. So from what we can see on the market we are bullish short term.
Gold Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking super bullish on GOLD! Currently we are consolidating near our 2000 resistance zone but we are seeing what could look like a head & shoulders pattern. Ideally, we continue with the bullish trend and spot the next higher low above our 2000 zone. This...
EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking overall bearish here on EJ but we can clearly see a 4hour inverse head & shoulders which is a known reversals pattern. We have yet to break anything but the likely scenario if we are to go bullish would be to see a higher low above 129.000 with...
USDJPY Bullish Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Just like DXY this pair UJ is very bullish! We can see last week that price action had a surge of bullish volume which sent it flying toward the 117.000 area. Currently we’re a bit overextended and identifying structure would be in our best interest. Ideally, price...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AJ is looking bullish but with a bit of cleaner structure so far compared to AU. Going into this week we’re looking to maintain the overall bullish trend. We’re actually looking for new structure above recently broken resistance around 85.000 Ideally we can...
AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are also looking very bullish on this pair, AU. We can consider our support level around 0.73000 as the key zone. As long as price action is above 0.73000 we will generally be looking for long scenarios. Ideally we can spot a strong reversal above 0.73000...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Everything is bullish on the USD! All major timeframes have been bullish and current price action is showing no real signs of slowing down just yet. The most likely scenario is that we will continue pushing toward 100.000 resistance while forming higher lows along...
After the trendline breakout, we have to take a buy trade. GBPUSD ENTRY BUY@ 1.31380 STOPLOSS@1.1.28000 TAKEPROFIT@1.34000