DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Last week we saw a 4hour change of trend. We confirmed a higher low just above 92.500 and we’re now looking bullish. Ideally, price action continues with this transition and pushes back toward resistance around 93.800 Trade scenario 2: For us to consider DXY...
Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825. For us to consider a long opportunity we would need to see that higher low form above 1825 Trade scenario 2: Overall we are...
EURJPY Long Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: The 4hour is clearly bullish while the daily is pending confirmation! We are a bit overextend but all we need to enter is a higher low above 130.000 for structure confirmation. Trade scenario 2: For us to consider EJ bearish we would first need a break back below...
USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Price action has been consolidating around 110.000 and it looks we could finally be seeing the break lower. Look for price action to form a lower high with bearish setups for us to enter on. Look to target lower toward support around 109.150 Trade scenario 2:...
AUDJPY Bullish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Definitely looking bullish on this pair, however, we need to form structure as price action looks a bit overextended. Ideally, we see some consolidation with a confirmed higher low around 81.500 before entering long. Trade scenario 2: For us to consider AJ...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: The 4hour timeframe is now in a very strong bullish trend and looks like we could confirm a daily bullish trend as well if price action forms a higher low above 0.74000. Look for the higher low to confirm and enter on strong bullish setups. Look to target...
DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: The usd has definitely been heading lower and has not shown signs of slowing down yet. For now we’re looking for the trend to continue bearish and push lower into our monthly support around 91.500. Trade scenario 2: For us to consider dxy bullish we would need a...
Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Recent bullish 4hour volume pushed gold back into the range between 1800.00 & 1825.00. If you don’t mind trading ranges this could be a great week for you! However, the highest probable trades are always when trading with the trend. This means we’re going to look...
EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Overall we’re bearish other than this 4hour bullish leg. Good thing to spot here is that this bullish move looks to be filling this large channel. This is good because we can spot a potential short scenario on a confirmed reversal near 130.000 & this upper...
USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Most timeframes on UJ all point to bearish other than the weekly. At the current level on the 4hour it looks like we’re going to see our next bearish leg as major bearish volume can be seen entering the market. Ideally we can spot a minor retest/lower high with...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AJ is very much bearish on higher timeframes, however, we are in a large retracement. It looks like price action is going to test broken structure around 80.750 before we see something we can take a trade on. Ideally we see a strong reversal at 80.750 with...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Higher timeframes are mainly bearish but the 4hour has been pushing up pretty hard. We can see that recent broken structure is around 0.73300, right where price action is pushing up to. From here if we’re going to continue with the overall bearish trend we need...
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: All timeframes are bullish except for the 4hour which we recently turned bearish on. From where price action is now it’s likely we will see the usd fall to 92.500 before we see any reaction. Ideally, price action reverses at support at 92.500 and continues to...
EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on. Trade scenario 2: For us to consider EJ bullish we...
USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking overall bearish but we have a large volume pattern so we’re ideally looking for the pattern to continue forming with price action falling to a new low. We’re looking for price action confirmation after this current lower timeframe support level is...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Bearish on AJ as well but we only have one great opportunity to short here. Ideally price action rejects our 38.2% fib level near 79.000 and confirms a lower high. We’ll look to enter short on strong bearish setups and target lower toward our -27% fib level...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely VERY bearish here on AU and we are also a bit over extended. Ideally, the best scenario would be to retest 0.72000 & our 38.2% fib level with a confirmed lower high that we can then enter short on. Look to target lower toward our monthly support...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we’re very bullish here on the dollar but we are at key resistance near 93.800 and this recent bullish leg is a bit over extended. I think the best thing to do this week would be to wait for a pullback with a confirmed higher low. We’ll look to enter on...