EJ Short Idea
Higher timeframe analysis has been bearish up until recent price action where we can see a daily retracement of the 88.6% fib level
Since price action reached the 88.6% level we have noticed a daily Lower high form which suggests potential bearish volume coming
Ideally a test of broken structure followed by break and retest of major support around...
AJ Short idea
Ultimately I am looking for more bearish volume to enter short based on higher time frame analysis, however, the daily time frame has been pretty bullish up until recent price action
Taking a closer look here on the 4 hour we can see price action forming higher lows around the daily 38.2% fib level and monthly resistance
Upon a break and retest of...
Higher time frames show that gold has been quite bullish but has been retracing to the daily 38.2% fib level
Gold, like dxy, has been ranging between the 38.2% and 1477.50 and has not established a bullish or bearish move yet
If we are to trade a bullish continuation we want to see a break and retest of the 1477.50 area but if we are to target lower...
Higher timeframe analysis on the USD has been steadily bullish but on the daily we see price action ranging between 98.40 and 97.15
Price action looks like it will test support around 97.15 again before pushing back up into the range
We are waiting for a clear direction to be determined once this range is broken
EURCHF Short idea
Higher timeframe analysis shows strong bearish movement in this pair as well as good structure formation as price action has rejected the daily 38.2% fib level
Taking a closer look on the 4 hour timeframe we have seen higher lowers being broken and lower highs forming which suggests more bearish volume is coming
Based on 4hour fibs we’re...
AUDUSD Long idea
Higher time-frame analysis on the monthly and weekly show strong bearish movement, however, price-action is very over extended and is yet to form structure on said time-frames
When looking at the daily time-frame we see that price action found a bottom near 0.67000 and has been in a bullish trend since.
The 4 hour time-frame shows a strong...
USDCHF Long Idea
Finally USDCHF is pushing out of this giant daily rectangle and is looking to make a move to the upside
We’re currently looking for a strong bullish setup from the current level before targeting higher toward our weekly resistance level around 1.01000 which is about 100+ pips higher
EJ Long Idea
EJ has been in a strong bullish trend on a daily time-frame and formed a higher low before breaking out of a daily flag pattern
We’re looking for a retest of the 23.6% fib and flag before targeting higher toward our weekly resistance level around 121.350 which is about 70+ pips higher
AJ Short Idea
AJ is still quite bearish on higher time-frames and we have seen a daily transition happen where support was broke and is now being tested as resistance
Current price action has been consolidating in an ascending triangle near resistance and we will be looking for strong bearish setups next week before entering short and targeting lower
EURCHF LONG IDEA
Higher time-frame analysis shows the EURCHF has been majorly bearish but is quite over extended.
On the daily timeframe we have seen a bit of a bullish trend and we expect price action to reach the daily 38.2% fib level at least
If the 38.2% is broken we’re going to continue with this daily trend and target the monthly resistance, broken...
NZDCAD LONG IDEA
NZDCAD has been very bearish on the higher time-frames but we have seen a bit of a bullish trend on the daily.
We can see that the weekly resistance level around 0.85000 was broken last week and price action is currently consolidating.
Although we see a lot of exhaustion on the daily there is bullish pressure still present. On a 4hour...
DXY Neutral Idea
USD on higher time-frames has been primarily bullish
But current price action seems to be having trouble breaking the 98.40 area (blue line)
We could see USD push back down to test broken structure at 98.00 before showing us any conviction as to where price will head next
We’re seeing a lot of exhaustion from both the buyers and sellers in...
GOLD LONG IDEA
Gold is still very bullish on most higher time-frames, however price action currently retraced to the daily 38.2% fib level where we are seeing a daily double bottom form
To confirm a bullish continuation we want to see a break of structure at 1477.50 followed by a retest of that same level.
Some strong bullish setups pushing price action up and...
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...
NZDJPY Short idea
Continuing with a bearish trend we’re looking for potential short opportunities near the current zone
Price action is near the daily 61.8% fib level, 200 ema, and monthly broken support which is now resistance.
From this area we’re looking for strong bearish setups as confirmation in which case we’re going to look to short toward our monthly...
EURCHF Short Idea
Although higher time-frames show us this pair has been in a strong bearish trend we have been trapped in a giant range between 1.10500- 1.08400 area and have not moved outside of these areas in a long time.
However, current price action looks to be establishing a lower high and could find it’s way back down to the 1.08400 area
My reason for...
AUDUSD Short Idea
If we take a look at the higher time-frames we can see that this pair has been in a strong bearish trend and has recently continued this trend after the daily 38.2% fib level was rejected around 0.68300
Our next level of support around 0.67750 is minor and if broken we will look for entries after a retest and strong bearish setups present...
Higher time-frames have been very bullish for gold but the daily trend has been in a slight downtrend presumably from the steady dxy bullish trend.
Last week we saw gold test our daily 38.2% fib level and pushed up to test resistance/structure at 1477.50 where it failed to break and push higher.
After that test we have been seeing strong bearish setups...