For long term bias we are still bearish with the market especially on the higher timeframe. So as the price approach our resistance level we are interested to enter short on that level.
In overall structure we are still bearish so we are interested to enter short. Just be patient waiting and look for confirmations to have more confluences in the market.
Now that we are in the resistance level we then look for short positions. Wait for the confirmations for safer entry and mind you risk for every position.
Resistance level retested twice so price can’t still break the high so we are looking for short position. Wait and look for confirmations before placing a trade.
Either we ride the impulse for a continuation to be bullish or wait for the price to retest the zone but still long. Just look for confirmations and mind your risks.
Overall bias is bearish but in lower timeframe we are short term bullish since we anticipate for a pullback. So we wait for confirmations to go long and target the previous high.
Gold Bullish idea Weekly Trend: Bearish Daily Trend: Ranging 4Hour Trend: Bearish Trade scenario 1: We are ultimately bullish on gold given the higher timeframe trends but we are still seeing a struggle to break through this daily range. The most likely scenario for the week ahead is a play of the range. Look for price action to push toward 1825.00 once...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Current price action is consolidating just below 129.000 and it looks like it is going to continue lower. Look for a quick break and retest of this area of consolidation before considering sell opportunities. Trade scenario 2: If we see a break above 129.000...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are finally looking good here on UJ. Price action is close to forming a buy opportunity if we can confirm a higher low above 115.000. Trade scenario 2: If price action fails to push higher, look for a break below 115.000 with a lower high below.
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is currently in a strong bearish channel and looks like it’s going to continue within this channel for a little while longer. Ideally, we can spot a lower high just below 81.500 resistance then we can follow price action down toward lower support levels....
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking very bearish here on AU as last week we saw huge downside movement. Currently, price action is resting at support near 0.70000, our monthly level. Ideally, we see price action continue to form structure and are able to spot some lower highs near...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: The USD is looking extremely bullish and is currently resting at resistance near 97.250. This is the zone where we will be looking for reactions (either a break or bounce). Ideally, we can see price action pullback to test new support and form structure as this...
If you haven't enter from yesterday's analysis it's fine since there was a major news that causes the dollar to fly. So now that price is on the resistance level we might see short positions coming in but there is also a possibility to break the resistance.
Now that the price broken out the support level because of the big sell-off yesterday we do have bearish bias. A retest is the safest scenario for us to get in the market so look for confirmations before shorting this pair.
Price already broken out from the support level so either we could ride the impulse or wait for a retest to happen. But we are bearish for our bias because of a major movement yesterday from the FOMC.
Currently on the 1h support level looking to short the market but we wait for the reaction if it can hold or break below it. Our bias is short even on the higher timeframe but always look for confirmations to have that confidence in the market.
The price already retested the support level on 4h yesterday and now trying to get some pullback before continuing to be bullish. Always be patient and wait for confluences for further confirmations.
Yesterday price rejected the 4h support level now wait for the market to retest it and see if it can hold or break below. Look for confirmations before placing a position but we are short term long on this pair.