EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking very bearish on this pair and as we generally remain below 132.000 we’re going to favor bearish scenarios only. Look for a clear lower high to form below 132.000 with strong bearish setups and target lower toward key levels of support. Trade...
USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we’re very bullish and the trend looks like it will continue this way. We do have to keep in mind that our most key level is near 111.500. This means that we’re looking for buys once price action starts to form higher lows above and that we will look for...
AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we’re very bearish on AJ and currently we’re seeing a bit of consolidation in the form of an ascending triangle pattern. Ideally we would like to see the pattern break bearishly along with support at 83.250. We would then look for confirmation of a...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AU is looking bullish on the 4hour timeframe because it is correcting a larger bearish impulse move. This means that we will be looking for our next Lower High near an area of confluence. Ideally we want to see a reversal around our 38.2% fib level with strong...
DXY Neutral Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we’re bullish on DXY but we’re seeing a bit of resistance around 92.500. We can also see that price action is yet to form structure so we’re looking for strong reversals around our 38.2% fib level. Trade scenario 2: Ideally we want to see structure form...
EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking very bearish after recently completing a pullback and lower high formation. We saw rejection of the weekly level at 132.750, rejection of the 200ema, moving average cross, lower high formation and strong bearish setups with an engulfing through...
USDJPY Long Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still pretty bullish on UJ but a pullback would be appropriate given the strong bullish trend we’ve recently seen. Ideally we can spot a higher low above 110.000 and look to enter long from there. Target higher toward 111.500. Trade scenario 2: For us to...
AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is looking massively bearish as we just confirmed a lower high at 84.400, rejected the 200 ema, and saw a moving average cross after a rising wedge. Look to target lower toward major support levels. You can even see the bearish volume by the size of the...
AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AU is definitely bearish at the moment and looks to be continuing that way. We recently saw a lower timeframe transition form where we placed our random line. This also confirms the lower high below our weekly at 0.76000. From here we’re looking to target lower...
DXY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we’re looking fairly bullish on DXY and it looks to be forming a higher low at key support near 91.500. We still need to see some conviction in the form of strong bullish setups for us to enter on. Look to target higher toward negative fib levels and key...
Gold Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold is turning bearish once again! We recently saw our 1800 support level break which we know is a major level for the daily trend. Now we’re looking to continue with the bearish trend but we need to wait for a few confirmations before we can enter. Ideally...
EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ recently turmed bearish last week as we saw price action plummet. We rejected support at 130.000 and price action is pulling back. Now we’re looking for structure formation and a test of resistance at 132.000 with a confirmed lower high, We’ll be looking for...
USDJPY Long Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we’re still very bullish on UJ and we recently broke key resistance at 110.000. From the current level we’re looking for reversals & higher lows to continue with the trend. Look to enter long after we confirm a higher low and target higher toward prior...
AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: As of recently we are now very bearish and are waiting to confirm this new transition. Ideally we would like to see a reversal at resistance around 83.250 which is also our 38.2% fib level. This rejection would confirm structure and a lower high so look to enter...
AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Price action finally fell out of a daily range and is forming a large bearish leg. From the current level of support we really only have two options, bounce or break. Ideally we want to wait for structure formation to confirm the new bearish trend so we will...
DXY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: DXY is looking very bullish as we just broke major resistance at 91.500 last week. To confirm this push we now need to see a higher low above this level. Ideally we want to see a pullback to 91.500 with a rejection of our 31.8% fib level and strong bullish...
Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are very bullish on gold but we’re seeing a bit of ranging on the 4hour timeframe. Ideally we want to see a reversal at support followed by a bullish break of this range. Look for a higher low above 1893.50 with bullish setups before entering long....
EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall we’re bullish on EJ higher timeframes. But we are seeing the 4hour starting to pick up more bearish momentum. Ideally, to continue with the 4hour trend we need to see a break of our key support level at 132.750. To enter short we first need to see a...