DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still bullish but last week we saw a huge amount of bullish volume ending with price action rejection off 97.250 resistance. Because of the nature of the volume we can’t identify clear structure just yet. So ideally, we want to see some...
Still on the consolidation period so we just want to buy low sell high just like with EU. So buy at the support and sell at the resistance. Unless a broken structure happens we are ready either way.
As the NY session starts now we are more bearish from the pairs against the dollars. So we are bearish with this pair and more interested to look and go for short positions.
This pair is moving in a range where we could apply the concept of buy low sell high. Meaning that we can buy at the support or sell at the resistance level. But if it happens a break of structure either from the resistance or the support then we do have the sentiment on the market.
The market is still moving sideways until now our bias is neutral so we sell at the resistance and buy at the support. Now as the price is coming down we are interested for short positions.
As the price broken the previous S/R level we are more interested to short the market and target the previous low. Just be patient and wait for confirmation because we could ride the momentum or wait for a retest.
The price is near the resistance level so we anticipate to sell on that level if it taps inside. But if it happens to just go to the downside then no FOMO.
The movement of the market on this pair is still stuck on a big range on the higher timeframe. Where we sell on the resistance level and buy on the support level. So for now our interest is to sell on the resistance level.
The market didn't break above the previous high giving us signs that it is not strong enough to continue being bullish. So now it is in a range where we wanted to see the reaction on the support level. Either a rejection or a break below and retest it.
Price is bearish for today's movement but in overall picture it is moving sideways. So if price taps the support level we expect buyers to kick in and push the market to the upside.
Gold Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking extremely bullish on gold and it does not look like it is stopping soon. Ideally we can see a higher low above 1865.00 for structure but price action could reach 1930.00 before any sort of reversal. Trade scenario 2: For us to consider gold bearish...
EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are still technically bearish on the 4hour while the higher timeframes remain bullish. The most likely scenario given price action formation is that we will see a break of support near 130.000 with a lower high below. If this happens look to enter short and...
USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Price action is looking newly bearish here on UJ and is currently resting at support near 115.000. The most likely scenario is that we will see support break with price action forming a lower high below. Look to target lower toward key support levels. Trade...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is back to bearish! We are seeing a nice reversal from 83.250 resistance and our next move is to enter short on the next structure forming lower high. Look to target lower toward 81.500 support Trade scenario 2: For us to consider AJ bullish again we need...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: The 4hour timeframe is looking bullish while the higher timeframes are still majorly bearish. From where price action is right now we’re looking for a higher low near 0.71450 with bullish setups to confirm. Look to target back toward 0.72000 and look for a...
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Technically we are still bullish here on DXY although we should note that we are between an existing range. Resistance at 96.350 & support at 95.800 The most likely scenario is that price action will reach 96.350 and reject from there, continuing the range....
Still in a consolidation period so we could enter long at the support or short at the resistance. Now that the price is nearer on the support level our bias is bullish short term.
Now that the price breaks the previous resistance it would try to break the previous high or the outer resistance. But if buyers aren't strong enough to push the market to the upside then we wait for the break below the zone for short positions.