Gold Short idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Technically we’re overall bearish and how price action reacts here at 1800 is going to determine a lot for us. If we see a strong reversal we’ll look to enter short on the right bearish confirmations. Trade scenario 2: For us to consider Gold bullish we’ll need to...
EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Definitely still bearish here on EJ. Ideally we would like to enter on a strong reversal off resistance at 130.000 but we’re really looking for lower highs for entries at this point. We have a strong bearish trend with great structure forming so if we see...
USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Back to bearish! So we’ve recently seen a large amount of volume enter the market here on UJ. We’re looking for that volume to continue once we’ve confirmed where price action will be moving. Ideally price action retests 110.000, confirms the lower high then...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking bearish and this could be the break! Huge bearish momentum is seen coming off resistance around 81.400. Now we’re looking for break support at 80.750 with a lower high below. Trade scenario 2: For us to consider AJ bullish we would need to see a...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish here on AU but we can clearly see that price action is in a range just below major resistance around 0.74000. How price action reacts at this level will determine our potential movement for the week. Ideally we see price action...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We’re still bullish overall on DXY but we can see price action is not yet ready to break from this range. Ideally we would like to continue with the higher timeframe trend but we need to see a few more confirmations before we can gain confidence behind that...
EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Back to bearish! We had a bullish fakeout last week and then price action fell back below 130.000 and retested. Now we’re looking for the final bearish confirmations before we enter short and target lower. Trade scenario 2: For us to consider EJ bullish we need...
USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: UJ turned bullish at the end of last week and closed with huge bullish momentum. To enter on this potential move we need more data, if we do continue with this new bullish trend it’s ideal that we see a higher low clearly above the prior area of...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We’re still technically bearish here on AJ but it has been throwing some fake outs here and there. Essentially we’re still in a period of consolidation while price action figures out where it wants to go. In the meantime we’ll remain prepared. If price action...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on AU overall and we are a few confirmations away from a great short scenario. Currently we’re looking for price action to present a lower high followed by strong bearish setups to enter on just below 0.73800. Trade scenario 2: For us to...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we’re bullish on all major timeframes and we’re looking to continue with this trend. Last week we saw the market close with large bullish volume. This week we ideally want to see price action push a little higher before pulling back and forming some higher...
Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Unfortunately we’re still waiting for this range to break! You can definitely trade the range but more risk is present as we’re not trading a particular trend. Ideally we would like to see the overall bearish trend continue so we’re going to wait for a break and...
EURJPY Long Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Higher timeframes point bearish while the 4hour is now newly bullish as we have confirmed the transition above 130.000 The only thing we’re waiting for now is bullish conviction for us to enter long. Ideally that needs to happen sooner than later because if price...
USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall definitely bearish here on UJ. It looks like it could continue bearish but I doubt this momentum will sustain. I think it is more likely we will see UJ reverse at support and start to consolidate. Trade scenario 2: For us to consider UJ confirmed...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely looking bearish this week! We currently can spot a potential perfect setup already. From the current level we’re looking for price action to retest broken support at 80.750 to confirm a lower high. Look to enter short on confirmation of the lower...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are bearish on AU and price action looks like it will continue with that trend this week. From where price action currently is there are no perfect opportunities which is why a pullback would present a better opportunity. Look to target lower if...
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Higher timeframes still point bullish but last week we saw price action drop on the 4hour toward the bottom of the range. At the current level we could see price action continue to consolidate within this range but ideally some bullish setups are needed otherwise...
Gold Short idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Definitely looking bearish here on gold but we’re still in the area of consolidation. Going into this week we need to see a break back below 1800.00 with a lower high below. This is the transition we need to catch a massive short position. Look to target lower...