Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We recently broke back into the range between1800 & 1825 and price action has been rallying higher. Based on the range I'm expecting a large reaction near 1825 but until then I will remain patient. XAUUSD 4hour Analysis:
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Big bearish volume on EJ, looking to head lower early in the week so look to enter short on lower highs below 131.300. Look to target lower toward 130.000. Trade scenario 2: For us to consider EJ bullish we would need to see a higher low above 131.300 with...
USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Definitely looking bearish here on UJ but will this current break confirm or fakeout. Ideally, we see a lower high form here below 113.450 with strong bearish setups to enter short on. Look to target lower toward 113.000 Trade scenario 2: If this current...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: With how strong the recent bearish trend is, it’s likely we'll see price action continue lower to support around 83.250. We could also see a retest to confirm structure followed by a continuation lower. Trade scenario 2: For us to consider long opportunities...
AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Strongly bearish here on AU but we’re sitting right at 0.74000 major support. Ideally we break below with no issues and see our next lower high below. We can then look to enter short and target lower toward 0.73000. Trade scenario 2: If we see price action...
DXY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish here on the 4hour but we can see that 94.500 has held as strong resistance again. This could be a larger reversal in play so we will have to see how price action reacts here at 92.250. Ideally we will see the trend continue bullish and we will be...
Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold is on the move! We just dropped below 1800 again and now we’re looking for a lower high to confirm below before entering short. Trade scenario 2: For us to consider gold bullish we would need a break back above 1800 with a confirmed higher low.
EURJPY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are also overall bullish on EJ with new structure formation. Only issue is we can see what seems to be an expanding pattern meaning price action is stuck in high volume consolidation. Ideally we want to wait for the pattern to break and in our favor of the...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Clear bullishness here on UJ but we can see on the 4hour that we have a bit of a range forming. Ideally we continue with the overall bullish trend and enter long after we can see a higher low above the range. Trade scenario 2: The other trade idea would be to...
AUDJPY Bullish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish here on AJ and we still have not formed structure. We are actually seeing price action form a symmetrical triangle pattern above support around 85.000. Based on price action we’re looking to break the pattern in a bullish way and continue...
AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We have spotted some consolidation at this high on AU with the trend clearly being overall very bullish. Ideally, we’re looking to continue with this bullish trend and enter long on a bullish break of this ascending triangle pattern. Look to enter long on a...
DXY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Back to bullish! DXY for the week ahead is looking very bullish as we saw huge volume step into the market on the 4hour timeframe. Ideally we see price action form structure & a higher low above 93.800 with strong bullish setups. Trade scenario 2: If we are to...
Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Gold is looking very bullish on the 4hour and just made an attempt to break 1800.00 which is moments from confirming. How price action reacts now will determine where we go for the week ahead. Ideally we see some strong bullish setups right now and continue...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: The daily timeframe is bullish but we can see clearly on the 4hour that price action is retracing and still needs to form structure before we look to higher targets. Ideally we see a higher low form near 131.300 which is a great confluence area. Trade...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Finally UJ retraced after a very extended rally. From here we’re looking for a reversal near our 38.2% fib level. Look to enter long on bullish setups confirming structure. Trade scenario 2: If we see a break of our weekly near 113.000 we will consider...
AUDJPY Neutral idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish and overextended. Ideally we want to continue with the trend so we will wait for a pullback to spot structure formation. We will catch the continuation of the very strong daily bullish trend right after. Trade scenario 2:...
AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking at AU here we can see price action is very bullish and will technically remain bullish on the higher timeframes as long as we stay above 0.74000. For the week ahead we’re looking for a rally from where price action is right now or we will look for...
DXY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Recent price action has been very bullish lately on DXY. Going into this week we can see price action continuing bullish after we see a reversal around recent broken structure & our 61.8% fib level near 93.250. How price action reacts here will determine the next...