AUDUSD Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action continues with the daily bearish trend after rejecting broken resistance and structure at 0.72000. Look to enter on strong bearish setups and target lower toward 0.70700. Trade scenario 2: Price action pushes higher through resistance at 0.72000....
DXY Neutral Idea Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action continues with the 4hour bullish trend and pushes higher toward the daily break of structure around 96.25. Look for lower timeframe confirmations at the current levels to spot early bullishness. Trade scenario 2: We see price action fall back below the recent 4hour...
Gold Short idea Trend: Bearish Trade scenario 1: Bearish price action momentum continues and we see a break and retest of this pennant pattern. Look to enter on a bearish setup after the retest and target lower toward major support and our 1800.00 level. Trade scenario 2: Price action pulls back to test broken support (now resistance) at 1915.00. Look for a...
EURJPY Short Idea Trend: Bearish Trade scenario 1: Bearish momentum continues and we see a break of the current rectangle. Look to enter on a retest and a confirmed lower high below the pattern. Target lower toward major support and negative fib levels. Trade scenario 2: We see price action break bullish out of the rectangle. Entering long will be more risky...
USDJPY Short Idea Overall we are still significantly bearish on this pair. Price action recently pulled back to our 88.6% fib level and 200ema. At the current level we can expect two potential scenarios. Trend: Bearish Trade scenario 1: Price action reverses at the 88.6% and presents a transition. Look to enter short on a confirmed lower high below 105.250....
AUDJPY Short idea Trend: Bearish Trade scenario 1: Price action pulls back to form structure at the 38.2% fib level and key resistance zone (75.00). Look for a confirmed reversal at this level and enter on strong bearish setups. Target lower toward key support and negative fib levels. Trade scenario 2: Price action breaks resistance at 75.00 and forms a higher...
AUDUSD Bearish idea Trend: Bearish Trade scenario 1: Price action pulls back to form structure at either the 38.2% or 61.8% fib level. We will look for short opportunities on strong bearish setups confirming rejection of either of these levels. Look to target lower toward major support and negative fib levels. For us to consider a bullish opportunity on this...
DXY Neutral Idea Trend: Bullish Trade scenario 1: We see bullish momentum continue and price action reaches our monthly resistance level at 95.00 and potentially higher Trade scenario 2: We see price action reverse with a confirmed transition. Look for a lower high below major support around 94.00 to confirm the lower high. Target lower toward major support.
Like many of the USD pairs this week, USD/SGD has shown a lot of strength, from it's lows at the start of the week it has risen 236 PIPS. Price broke to the upside from a descending daily trend channel last week, and this week price has broken again to the upside from a falling wedge. Both good indications that we may be seeing the start of a trend shift. Due to...
Gold Long idea Trend: Bullish Trade scenario 1: Currently we are breaking out of a large descending triangle but price action is consolidating. We are only going to consider long positions so we will wait for a break and retest of the new rectangle pattern. Look to enter on a confirmed higher low above the rectangle. Target higher toward prior highs and our 0%...
EURJPY Short Idea Trend: Bearish Trade scenario 1: We recently broke a major support level at 124.300. From here we are looking to enter short on strong bearish confirmations. Look to target lower toward our negative fib levels. Trade scenario 2: Price action reverses and breaks back through 124.300. Look to enter on a confirmed higher low. Target higher toward...
USDJPY Short Idea Trend: Bearish Trade scenario 1: Currently only looking at short opportunities. Wait for a pull back to a key fib level before entering. Confirm structure then target lower toward our negative fib levels
AUDJPY Short idea We recently saw a ton of bearish volume step into the market which broke a higher low and key zone at 76.500 which changed this 4hour trend from bullish to bearish Trend: Bearish Trade scenario 1: Bearish momentum continues and gives us entry confirmations on the currently forming lower high. Look to target lower toward 75.000 Trade scenario...
DXY Short Idea Trend: Bearish Trade scenario 1: Price action continues to fall and breaks through support around 92.60. Look for a confirmed lower high below 92.60 with strong bearish setups. Target lower toward major support and key fib levels. Trade scenario 2: Price action turns bullish and begins forming higher highs. Look for a break and retest of 93.30...
Gold Long idea Gold has been very bullish for quite some time and we’re looking to continue with that trend. At the current level price action has formed a large descending triangle pattern. At the moment we’re waiting for a break and retest of the pattern with a confirmed higher low to enter on. Look to target toward the prior high and negative fib levels. If...
AUDJPY Long idea This pair is significantly bullish on major timeframes and we will continue with the overall bullish trend. Current price action is at key resistance at 77.500 & we’re looking for a clean break and retest before we enter long. Ideally we want to see a higher low above 77.500 with strong bullish setups. Target higher toward prior highs and...
DXY Short Idea Overall we are very bearish on the USD and are looking to continue with that trend. On the 4hour timeframe we recently saw a break of our descending channel. From here we can see two opportunities: 1.Price action continues with the breakout and forms a higher low above 93.30. Look for price action to form structure around 94.00, our 38.2% fib...
AUDUSD Long idea Overall we are very bullish on all major timeframes and will continue with that trend On the 4hour we can see a large ascending channel and recently price action formed a higher low and new structure at 0.71875, our 88.6% fib level. As price pulls back we’re looking for entry opportunities on a break of the prior lower high around 0.73000 with...