Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Higher timeframes point toward gold being very bearish and so does the rejection we just saw near our 1800.00 resistance level. Two ways to enter short on gold from where price action is. Either enter short on the next lower high below 1800.00 or wait for a...
EURJPY Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Over extended seems to be the theme of the week and EJ is no different. The good thing here is that we appear to be finding resistance near 132.700, our new high. From here we’re looking for structure forming pullbacks. Ideally we can spot a reversal near...
USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: UJ is overextended as sh*t… we need to see our next higher low above 113.000 to confirm a bullish continuation. If this happens we can consider long opportunities to new highs. Keep in mind price action will remain fairly bullish as long as we are above...
AUDJPY Neutral idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish on Audjpy but we are clearly over extended on the 4hour and we are near a major resistance level around 85.000. How price action reacts at this level will determine where we are headed for the week. Ideally we can spot a...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1:We are definitely in a strong bullish trend on AU. Most likely this trend will continue so we will look for higher lows above 0.74000 for potential entries. Look to target higher toward 0.75000 Trade scenario 2: For us to consider AU bearish we would need to...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking Bullish on USD into this week. We can see price action is in a range on this 4hour timeframe between 93.800 & 94.400. Currently it is likely price action will bounce off support around 93.800 and push higher. Trade scenario 2: For us to consider DXY...
Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Look very bearish still on Gold but we need to see this consolidation break. Ideally we get a continuation to the downside with a break of support around 1740.00 and a lower high below. Look to enter short on strong bearish setups after we see the lower high....
EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish The X’s represent failed breaks of support & resistance levels which helps highlight a high volume range. Trade scenario 1: We’re seeing some mixed signals here on EJ so we’re staying with a neutral outlook into the week. The most likely scenario is that price action reverses...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: We’re looking very bullish this week on UJ as well but we want to play this one safe. Look for our next higher low above 111.500 before entering long. Trade scenario 2: For us to consider UJ bearish we would need to see a lower high below 111.500 with strong...
AUDJPY Bullish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish on AJ and we’re aiming to continue with this trend. Ideally price action pulls back to form structure near support around 81.400 and continues bullish from there. Look to enter long after we can confirm our next structure forming higher...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish on AU as we just broke resistance around 0.73000 and are now finding support. From here we’re looking for bullish setups to enter long on. Trade scenario 2: For us to consider AU bearish we would need to see a break back below support at...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking very bullish on DXY this week although we are consolidating a bit and we can see a forming symmetrical triangle. From here we’re looking for this consolidation to break bullishly and continue higher. Look for strong bullish setups through resistance and...
Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold is looking bearish on most timeframes but we can see that price action is attempting to push above 1760.00 and turn the 4hour trend bullish. Ideally we want to trade in line with the overall bearish trend so we will look for lower highs below 1740.00 before...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking very bearish here on EJ and it does not look like it’s stopping. The most likely scenario is that price action will drop to support around 128.000 before we see any sort of reaction. Look for lower highs below 128.900 for a potential entry. Trade...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Overall we are bullish on UJ but we are clearly pulling back to find support. Ideally we can spot a reversal around 110.300 which also lines up with our 61.8% fib level. Look to target higher once we can confirm a higher low around this area. Trade scenario...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking bearish on AJ as last week didn’t play out much. Both trade paths are still valid and we are still looking for short opportunities first. Ideally price action reverses from resistance around 80.800 and pushes lower with strong bearish...
AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall price action is in a downtrend but we have seen some rejection from support around 0.72000 which pushed price action back into a range. For us to continue with the bearish trend we need to see a bearish break of support around 0.72000 with a confirmed...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Price action is very bullish after a large rally from last week. We saw a significant push above 93.800 and now we’re waiting for a higher low to confirm structure. If we can confirm a higher low near 38.2% and new support at 93.800 we will be looking at a bullish...