USDJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish Trade scenario 1: Price action completes it’s reversal at the 78.6% fib level and begins pushing lower. Look to enter on strong bearish setups/ rejection setups from the current level. Target lower toward prior lows and major support. Trade scenario 2: Price action pushes higher, and breaks resistance...
AUDJPY Short idea Weekly Trend: Bearish Daily Trend: Bearish Trade scenario 1: Price action continues with the bearish break and forms a lower high below our daily structure. Look to enter short on strong bearish setups, target lower toward key support and negative fib levels. Trade scenario 2: Price action reverses and breaks through our monthly resistance at...
AUDUSD Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action continues with the daily bearish trend after rejecting broken resistance and structure at 0.72000. Look to enter on strong bearish setups and target lower toward 0.70700. Trade scenario 2: Price action pushes higher through resistance at 0.72000....
DXY Neutral Idea Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action continues with the 4hour bullish trend and pushes higher toward the daily break of structure around 96.25. Look for lower timeframe confirmations at the current levels to spot early bullishness. Trade scenario 2: We see price action fall back below the recent 4hour...
Gold Short idea Trend: Bearish Trade scenario 1: Bearish price action momentum continues and we see a break and retest of this pennant pattern. Look to enter on a bearish setup after the retest and target lower toward major support and our 1800.00 level. Trade scenario 2: Price action pulls back to test broken support (now resistance) at 1915.00. Look for a...
EURJPY Short Idea Trend: Bearish Trade scenario 1: Bearish momentum continues and we see a break of the current rectangle. Look to enter on a retest and a confirmed lower high below the pattern. Target lower toward major support and negative fib levels. Trade scenario 2: We see price action break bullish out of the rectangle. Entering long will be more risky...
USDJPY Short Idea Overall we are still significantly bearish on this pair. Price action recently pulled back to our 88.6% fib level and 200ema. At the current level we can expect two potential scenarios. Trend: Bearish Trade scenario 1: Price action reverses at the 88.6% and presents a transition. Look to enter short on a confirmed lower high below 105.250....
AUDJPY Short idea Trend: Bearish Trade scenario 1: Price action pulls back to form structure at the 38.2% fib level and key resistance zone (75.00). Look for a confirmed reversal at this level and enter on strong bearish setups. Target lower toward key support and negative fib levels. Trade scenario 2: Price action breaks resistance at 75.00 and forms a higher...
AUDUSD Bearish idea Trend: Bearish Trade scenario 1: Price action pulls back to form structure at either the 38.2% or 61.8% fib level. We will look for short opportunities on strong bearish setups confirming rejection of either of these levels. Look to target lower toward major support and negative fib levels. For us to consider a bullish opportunity on this...
DXY Neutral Idea Trend: Bullish Trade scenario 1: We see bullish momentum continue and price action reaches our monthly resistance level at 95.00 and potentially higher Trade scenario 2: We see price action reverse with a confirmed transition. Look for a lower high below major support around 94.00 to confirm the lower high. Target lower toward major support.
Gold Long idea Trend: Bullish Trade scenario 1: Currently we are breaking out of a large descending triangle but price action is consolidating. We are only going to consider long positions so we will wait for a break and retest of the new rectangle pattern. Look to enter on a confirmed higher low above the rectangle. Target higher toward prior highs and our 0%...
EURJPY Short Idea Trend: Bearish Trade scenario 1: We recently broke a major support level at 124.300. From here we are looking to enter short on strong bearish confirmations. Look to target lower toward our negative fib levels. Trade scenario 2: Price action reverses and breaks back through 124.300. Look to enter on a confirmed higher low. Target higher toward...
USDJPY Short Idea Trend: Bearish Trade scenario 1: Currently only looking at short opportunities. Wait for a pull back to a key fib level before entering. Confirm structure then target lower toward our negative fib levels
AUDJPY Short idea We recently saw a ton of bearish volume step into the market which broke a higher low and key zone at 76.500 which changed this 4hour trend from bullish to bearish Trend: Bearish Trade scenario 1: Bearish momentum continues and gives us entry confirmations on the currently forming lower high. Look to target lower toward 75.000 Trade scenario...
AUDUSD Long idea Trend: Bullish Trade scenario 1: Price action continues with the overall bullish trend. Look to enter conservatively on a break and retest of 0.73400. Enter on bullish confirmations and target higher toward our 0% fib level Trade scenario 2: Price action pushes lower outside of this pattern. Look for a lower high below 0.72650 to confirm a...
DXY Short Idea Trend: Bearish Trade scenario 1: Price action continues to fall and breaks through support around 92.60. Look for a confirmed lower high below 92.60 with strong bearish setups. Target lower toward major support and key fib levels. Trade scenario 2: Price action turns bullish and begins forming higher highs. Look for a break and retest of 93.30...
Gold Long idea Gold has been very bullish for quite some time and we’re looking to continue with that trend. At the current level price action has formed a large descending triangle pattern. At the moment we’re waiting for a break and retest of the pattern with a confirmed higher low to enter on. Look to target toward the prior high and negative fib levels. If...
EURJPY Long Idea Overall this pair has been extremely bullish on all major timeframes. Currently we’re looking to continue with this trend and will be looking to enter on long opportunities only. Ideally a higher low formation above 125.300 with strong bullish setups would be enough to enter long. Look to target higher toward key resistance and fib levels.