USDCAD 4h Analysis July 18th, 2022Still waiting for price to bounce from the support level and look at more confirmation on the lower timeframe to enter long. But if it fails to respect the support and breaks below then we are bearish.
Forexleague
GBPUSD 4h Analysis July 18th, 2022We are just waiting for more price action to see what would be the market's reaction on the resistance level. Then we will know what our directional bias would be.
EURUSD 1h Analysis July 18th, 2022As price is currently trading at the resistance level we will wait for the reaction of the market. Either a break above structure high and long on the retest. Or a rejection and continue to move to the downside.
BTCUSD 4h Analysis July 17th, 2022As this pair is moving in a consolidation for quite some time now. We can trade by buying at the support level and selling at the resistance. So in this case as price is dropping down we can wait for it to taps inside the support.
NAS100 4h Analysis July 17th, 2022Now either price could break above the resistance level or reject it and still fall like a knife.
GBPJPY 4h Analysis July 17th, 2022Let's wait for the London session to see what would be the reaction of the market. If it would continue to drop as it rejected the resistance level. Or a break above the resistance level and enter long on the retest.
NZDUSD 4h Analysis July 17th, 2022This pair has been moving sideways for past few weeks now. So as it taps inside the resistance level we are interested in looking for short position.
USDCAD 4h Analysis July 17th, 2022This pair is still bullish in overall structure. So as it retest the support level we wait for its reaction before placing a long trade.
GBPUSD 4h Analysis July 17th, 2022As price has formed a bearish market structure having LLs and LHs. We then anticipate price would retest the previous S/R level and reject it before it drops.
XAUUSD 4hour Analysis July 17th, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on gold for this week but we’re not yet sure if we’ll be able to find a high probability trade setup, it all depends on price action this week.
For us to continue trading bearish we need to see structure form. A lower high close to 1740.00 resistance and our 38.2% fib level would be ideal.
Trade scenario 2: If we are to consider gold bullish we would need to see a break back above 1740.00 with a confirmed higher low.
EURJPY 4hour Analysis July 17th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall bearish on EJ but price action is resting at a critical zone.
From here we’re ideally looking for a strong reversal near 140.000 with bearish setups we can enter short on. Look to target lower toward key support levels.
Trade scenario 2: For us to consider EJ bullish we would first need to see a break of 140.000 with a higher low above. Look to target high toward key resistance levels.
USDJPY 4hour Analysis July 17th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still clearly super bullish on UJ and going into this week it’s not looking any different.
Ideally, we continue bullish where we will look to enter long on structure forming higher lows. Closer to 61.8% fib level the better.
Trade scenario 2: For us to consider UJ bearish we would need to see a break back below 136.500 first.
AUDJPY 4hour Analysis July 17th, 2022AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Back to bullish for AJ. We recently broke a 4hour bearish trend when price action pushed through our 92.850 zone.
Going into this week we’re looking to continue bullish. Ideally we can spot some quality higher lows close to our 61.8% fib level for entry opportunities.
Trade scenario 2: For us to consider AJ more bearish we would need to see a break back through our 92.850 zone. If this happens and price action forms new structure we will consider entries on lower highs.
AUDUSD 4hour Analysis July 17th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly overall bearish on AUDUSD but price action has been bouncing between 0.68000 resistance & 0.67000 support for a while.
The most likely scenario is a bearish continuation. Look for strong reversals from 0.68000 to then target lower. We are technically in a range so high quality price action setups only will be considered close to 0.68000
Trade scenario 2: For us to shake the bearish trend and consider AU more bullish we would need to see a massive rally that breaks 0.68500. This is where we have significant 4hour bearish structure that needs to be broken.
After a break of 0.68500 we want to see bullish structure above 0.68500 in the form of a higher low.
DXY (USD Index) Daily Analysis July 17th, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish on DXY. Going into this week we’re expecting the overall bullish trend to continue.
Look for higher lows above 107.600 & near our 38.2% fib level
Trade scenario 2: For us to consider DXY bearish on this 4hour timeframe we would need to see a break of 107.600 support and retest as resistance.
Look for price action to confirm a new bearish trend after a lower high is confirmed below 107.600
USDCAD 4h Analysis July 14th, 2022Now that price broke the resistance level we are more interested in longing this pair especially on the retest. So just be patient waiting and keep an eye on this pair.
GBPUSD 4h Analysis July 14th, 2022Now that price is showing bearish momentum as the previous candle close very bearish and with yesterday's rejection from the support level. We can ride the bearish expansion but look for confirmation in the lower timeframe.
EURUSD 4h Analysis July 14th, 2022We just waited for the major news to happen and analyze the reaction of the market. So far it still has been bearish especially yesterday when it rejected the support level.
USDCAD 4h Analysis July 13th, 2022Overall structure we are bullish and now either price could bounce from the support level or break above the resitance.
GBPUSD 4h Analysis July 13th, 2022Now that price is reacting from our support level we are looking for rejection and confirmation in the lower timeframe.
EURUSD 4h Analysis July 13th, 2022As the price taps inside the support level we just then wait for the rejection of the market since overall we are bearish.
GBPUSD 1h Analysis July 12th, 2022We do have 2 options here. First is to wait for the retest and enter short on that level. Or riding the short momentum now and will get out quickly.
EURUSD 1h Analysis July 12th, 2022Now that the price retested the previous support level and act as a resistance. We then can look into lower timeframe for short entry.
