EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish here on EJ although we did see a fairly large pullback to 130.000 support. From this level we’re looking for strong bullish candles to reject off support which could present a slightly aggressive entry opportunity. For a more conservative...
USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Looking very bearish here on the 4hour timeframe while the higher timeframes remain overall bullish. Price action is in a tricky area because we have re-entered a known range and the trend now becomes less clear. The most likely scenario is that price action...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: On the daily timeframe we are looking pretty bullish but the 4hour timeframe is looking bearish and we have some room to fall here. Ideally, we see price action form a lower high near 83.250 resistance and we can target lower toward 81.500 support. Look to...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Higher timeframes are still holding an overall bearish trend while the 4hour trend is bullish and looks promising for the week ahead. We’re looking for higher lows near 0.72000 support with strong bullish candlestick setups to enter long on. Look to target...
DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Looking very bearish here on DXY as we recently saw a bearish break of a large 4hour range. Ideally, we can see price action pullback to 95.800 and form a lower high with strong bearish candlestick setups. This would confirm further bearish movement down to major...
Price is still bearish in higher timeframe but the previous resistance is not yet retested. So the short term bias for now is long and target the resistance level. But if price breaks below the support level then we are bearish.
Price still in consolidation period not neat market structures and a liquidity grab formed showing that the market is not ready to break above. Be patience and look for possible setup for now it's a short position.
Currently in the resistance level so a possible rejection from it to target the support since market structure is ranging. But the price could also break above the resistance level and be bullish so wait for confirmation but for now we have short bias.
In overall bias we are still bearish but if you are going to day trade it you can ride the short term bullish correction. But for safer trade wait for the price to retrace at our key level then enter short.
Price is still ranging but it is approaching our support level where we wanted to buy from. But if the price breaks below then we are short.
The price couldn't break the resistance level and now having a pullback towards our support level so we are bearish for short term. We could ride the impulse or wait til it taps the support level then look if it would break below or reject it.
Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are still technically ranging as we can’t see any clear direction from price action. The most likely scenario is that we will reverse from 1785.00 and the range will continue. Trade scenario 2: If we see a break of 1785.00 with a lower high below look to...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking steady bullish here on EJ and it looks like it will continue this way for the week ahead. Ideally we can spot a higher low above 131.350 with strong bullish setups to enter on. Look to target higher toward 132.750 Trade scenario 2: If we see a...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are extremely over extended here on UJ. For us to enter long we need to see a pullback with a structure forming higher low. Keep in mind that UJ is still overall bullish as long as we’re above 114.150. Trade scenario 2: No short opportunities are available...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are a bit over extended here on AJ and it looks like it could be ready to pullback to a lower support level. We’re consolidating nicely just below 83.250 but we need to see some conviction to confirm more downward movement. Look for strong bearish candles...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are back to bearish! We saw a nice bearish transition on the 4hour timeframe around our 0.72000 zone. From here we’re looking for this lower high to confirm before entering short. Look to target lower toward 0.71000 support. Trade scenario 2: For us to...
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Ranging Trade scenario 1: We are still holding within this range on the 4hour timeframe. Overall we are bullish but until we can see a break of the range we really have no clear direction. Look for a higher low above 96.300 to confirm DXY bullish again. Trade scenario 2: If we are to...
Price is near our key level which we would wait for the reaction before we can conclude our bias. Since the market broken the previous support level we could enter for short position. But in higher timeframe the market structure is still bullish so wait for confrimations.