Gold Long idea Overall, gold is extremely bullish and we are looking to continue with that trend. At the current level we can identify one high probability trade scenario. Ideally we want to see a confirmed transition and break of this descending triangle. Look to enter on strong bullish setups confirming a higher low above the pattern. Target higher toward...
EURJPY Long Idea On this pair we are significantly bullish and will remain with that trend until we see a major transition. From the current level we see major resistance at our monthly zone around 126.500. Here we can identify two potential long opportunities. 1.Price action momentum continues up and we see a rally off the current level at 125.300. Look to...
AUDJPY Long idea This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken. Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target...
AUDUSD Long idea This pair is very bullish and recently we saw a daily change of trend after we saw price action break our key monthly resistance. Now we can see price action retracing and holding at our recent broken structure level at 0.72750 as well as the 61.8% fib level. From here we want to see a lower timeframe transition confirming this higher low at...
DXY Short Idea Overall we are still very bearish on dxy until we see a significant break of a lower high on this timeframe. At the current level price action is at we can see two potential bearish scenarios: 1.Price action confirms the lower high below 93.30 and begins another bearish leg. Look for strong bearish setups below the 92.60 zone. Target lower...
AUDUSD Long idea Overall we are very bullish on all significant timeframes. Current price action is in a wide ascending channel and we will continue to look for long opportunities. For the best potential trade opportunity we want to see a break and retest of 0.71900 with a confirmed higher low above. Target higher toward significant resistance levels. If we...
DXY Short Idea The USD has been extremely bearish on the daily timeframe and bearish price action is not showing signs of slowing down. Currently we are at the 95.00 zone and have to wait for price action to break or bounce from this level. We have two potential scenarios: 1.Price action continues with bearish momentum breaks 95.00 and retraces. Look to target...
DXY Long Idea USD has been very bullish over the last two months. We anticipated the 100.00 area to be tested where we could see some bears start to step in and drive price lower. If this is a confirmed reversal we could see a significant retracement to our monthly level or any prz level before the trend continues with the overall bullish sentiment.
NZDUSD SHORT IDEA We’re still looking bearish on this pair and it has been consolidating in the current price range near the daily 38.2% fib level All last week NU has been ranging within a rectangle pattern and we are currently waiting for conviction At the current price zone there a little bit of confluence: the daily 38.2%, major resistance, broken monthly...
Gold Long idea Overall higher time-frame analysis suggests strong bullish movement, however, price action is due for a retest to form structure Current price action is forming what looks like a daily flag and is approaching our daily fib level of 38.2% around 1450.00 We’re expecting at least the 38.2% if not, the 61.8% fib level to be hit before a strong...
NzdUsd Short Idea Price action has been primarily bearish on the Daily & Weekly time-frames so we will look to short upon a confirmed rejection of a prz level. Current price action is yet to form true structure on a daily time-frame after this drop since mid July. We will look for price to reach our 32.8% fib level or the 61.8% (The red zones) After a confirmed...