Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish and without structure. This makes the current situation high risk in my opinion. Ideally we want to continue with the overall bullish trend but there is not a high probability opportunity present. In a perfect world, we would like...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement. Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short. Trade...
USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend. Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still technically bearish on AU although we are seeing a large retrace to our 93.000 resistance zone. Going into this week we are looking for reactions around 93.000, either a break or bounce of the zone. For us to remain bearish we want to see...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish again here on AUDUSD as this large wedge pattern continues to form. Technically this chart is in an active trade but we will keep looking for rejection from our 0.67000 support zone for further long entries. If we see a retest of 0.67000 with...
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1:Looking bearish going into this week and price action is currently right where we want it. Going into this week we ideally want to see strong rejection from our 105.000 resistance level. This would give us confidence that the USD will continue bearish for at least...
Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very clearly bullish on gold but we are currently resting at 1800.00 resistance waiting on some reactions to better understand where gold will go next. We know we want to ride the overall bullish trend so ideally, we are looking for a retest of 1735.00...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000. Going into this week we’re looking for lower highs to form below 143.000 so we may target lower. Trade scenario 2: For us to see EJ as bullish again it would...
USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible. Look to target lower toward 131.000 if this happens. Trade scenario 2: For us to...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking overall bearish on AJ but we are resting at key support near 91.000. From here we need to see a lower high closer to 92.250 to identify a safer short opportunity. We can then re-target 91.000 support. Trade scenario 2: For us to consider AJ...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking very bullish on AU and we can see a wedge pattern forming at this recent high. Going into this week we’re looking for the bullish trend and pattern to continue. Ideally we see some good rejection off 0.67000 support and can target higher...
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking overall bearish on DXY since the trend change that occurred around november 10th, 2022. We ideally want to see this trend maintain and identify a clear downtrend we can use to our advantage on tradeable pairs. Look for DXY to show signs of...
Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are overall bullish but we are overextended and could be due for a large retracement. Ideally, price action rejects our 1750.00 area and starts heading lower. Look for 1hour lower highs to short the retracement down to 1675.00. Trade scenario 2: For us to see...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we are bullish as long as we are holding above 144.000. This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower. If we are to turn bearish, look for a...
USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: UJ is looking very bearish lately and currently we are at a low, just below 140.500 resistance. Going into this week we want to continue the overall bearish trend but we need to see something clear. Ideally, price action rejects 140.500 with convincing bearish...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking at some serious consolidation on the daily timeframe however, we are holding at a high so overall we are bullish. The 4hour is telling us a different story where price action looks like it is ready to fall a bit. Going into this week we’re simply...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking bullish on the daily timeframe and 4hour now as price action continues to push higher. Currently, price action is resting just above 0.67000 which we broke at the end of last week. Since this is our key zone we’re looking for reactions to decide...
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall DXY is looking more bearish and now price action is looking like it’s consolidating. Going into this week we want to continue with the recent bearish trend, we are looking for price action to commit bearish again and push toward 105.250. From here we will...