Wait for the market to taps in our support level and wait for the reaction. If the support is strong enough to hold then we are bullish but if it can't then our bias shifts.
Now that the price already touched the support level we can look on the lower timeframe to see confirmations. A shift of market structure would give us much safer entry.
Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are finally bullish here on Gold! We can see a clear break of resistance near 1825.00 and now price action is consolidating and retesting the zone. From here we’re ideally looking for a higher low above 1825.00 with strong bullish candlestick setups. Trade...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are also looking very bearish here on EJ and how price action reacts at this 129.000 level will determine what we do next. Ideally, we see a break of 129.000 with a lower high below to enter short on. Trade scenario 2: If price action bounces off 129.000...
USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking very bearish here on USDJPY and price action has broken back into a range so our opportunity is very limited. Ideally we see rejection from our new resistance near 114.150 followed by a confirming lower high. Trade scenario 2: For us to start...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are very bearish here on AJ but price action is sitting right at support near 81.500. Price action will most likely bounce from support to form the next lower high in the channel. Look for short opportunities near 82.400 after a confirmed lower high. Trade...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are looking bearish but we need to see how price action reacts near 0.72000 first. Ideally, we can see price action push lower then form a lower high below 0.72000. We can then look for short opportunities and target lower support levels. Trade...
DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are looking bearish and the current level near 95.800 will determine where price action goes next. Ideally, we see rejection from 95.800 with confirming lower highs below. We will then look to target lower toward key support levels. Trade scenario 2:...
There is no clean structure so the market is so choppy and it is ranging. So for our setup it is better to wait for a break of structure for more confirmation of our bias in the market.
The market is just ranging for now so we need to wait if it breaks above the resistance level or reject it. Since there’s no clean structure just wait for the reaction of the market to our key level.
Wait for the pullback of the price retesting the support level before entering long position. Look for confirmations and always calculate your risk.
If you didn't enter yesterday on this pair you see that the price rejected the major resistance level (higher). Now it is rejecting the minor resistance level so we could see a possible short position on this pair.
The market is already reacting to out key level so we could look now for confirmations in lower timeframe. Just be patient and always calculate your risks.
Price is approaching our support level where we would wait for the price to taps in and see the reaction before entering long. Always look for confirmations and manage your risks.
The price is now approaching our resistance level we are looking for short positions. Wait for confirmations before placing a trade.
Now that NY session is opening we wait for the price to taps in and long it if we see confirmations.
Price is pulling back from our key level to test it and continue to be bullish. We could long it if we see confirmations or short if it breaks below.
Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Ranging Trade scenario 1: We are still within the range here on gold so our options are limited. The most likely scenario is that gold falls lower to find support near 1785.00 before we see another reaction from the market. Trade scenario 2: For us to consider Gold bullish we would need...