USDCAD 4h Analysis July 11th, 2022Now that the price reacted to our support level then we might anticipate bullish movement. Or price would try to retest our extreme support before it continues to be bullish and break the resistance level.
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GBPUSD 4h Analysis July 11th, 2022Now that the price is breaking the support level we then wait for the candle to close bearish. So we are short on the retest unless the dollar would drop this week.
EURUSD 1h Analysis July 11th, 2022As the dollar keep on rising we might see a break below the support level of this pair. Then we could short on the retest or ride the bearish momentum. But if the price rejects that support then it could bounce from that level to the next key level.
NAS100 4h Analysis July 10th, 2022Now that the price is trading at the resistance level we then wait for its reaction. A rejection from resistance and formed a double top is what could be helping us to short the market. But if price breaks above the resistance then our directional bias would change.
NZDUSD 4h Analysis July 10th, 2022Overall structure this pair is still bearish. As we can see on the chart that the price broke the previous structure low and now retesting the previous support to act as a resistance.
USDCAD 4h Analysis July 10th, 2022This pair is pretty bullish but we might anticipate a bullish rejection now. Or a pull back to the extreme support then continue the bullish movement.
GBPJPY 4H Analysis July 10th, 2022As this price is in consolidation for quite some time now, we then want to see either a rejection or a break above the key level.
GBPUSD 4h Analysis July 10th, 2022Currently price is trading in sideways movement so we just wait for the breakout. Either to the upside or the downside we are ready which ways the market would go.
XAUUSD 4hour Analysis July 10th, 2021Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: All major timeframes on gold are now bearish after last week. Clearly we are in a new bearish trend and we will look to continue with it.
Ideally, price action retraces to form structure closer to 1800.00 resistance and presents a great short opportunity.
Look to target lower toward major support levels.
Trade scenario 2: The other likely scenario is that price action just keeps falling. We will then have to re-analyze and come up with new potential scenarios.
EURJPY 4hour Analysis July 10th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are now bearish on all major timeframes on EJ. This week we’ll be looking for bearish continuations.
Ideally, price action reverses closer to 140.000 and forms a 4hour lower high. If this happens we will look to enter short on strong bearish setups confirming the lower high.
Look to target lower toward major support levels.
Trade scenario 2: For us to consider EJ bullish again we would need to see a break above 140.000 with a significant higher low above.
USDJPY 4hour Analysis July 10th, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is still extremely bullish on the higher timeframes but we can see that price action has been forming a range recently.
The most likely is that scenario is that the range will continue to form and price action will reverse short term around 136.600
Trade scenario 2: For us to continue bullish we would need to see a bullish break of the range with a 4hour higher low above 136.600
Keep in mind this is a high risk pair at the moment due to unsustainable rallying & lack of higher timeframe structure.
AUDJPY 4hour Analysis July 10th, 2022AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on AJ and it looks like we are going to continue with this bearish trend into the week based on what we can see right now.
Ideally, we spot a strong reversal near 92.850 with price action forming a lower high below. Look to enter short on strong bearish setups after the lower high.
Trade scenario 2: For us to consider AJ bullish again we would need to see a significant higher low above 92.850 with strong bullish setups to enter on.
DXY (USD Index) 4hour Analysis July 10th, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are extremely bullish here on DXY and price action is not showing any signs of slowing down yet.
Based on what we can see and how bullish DXY has been it’s likely that we’ll continue to push higher into the week.
Trade scenario 2: For us to look at this chart and say “this is clearly bearish” we need to see a few things happen.
Ideally, price action reverses and breaks minor support around 106.750 and starts forming strong characteristics of a bearish trend, Lower highs and lower lows.
USDCAD 4h Analysis July 7th, 2022Still waiting for the price to break the resistance level. Just be patiently waiting since overall market structure is bullish. Unless a break of the previous low happens that could give us signs of reversal.
EURUSD 4h Analysis July 7th, 2022Either ride the bearish momentum now or wait for the retracement to have a safer entry. Both setup are shorts so you check what fits for your trading style.
GBPUSD 4h Analysis July 7th, 2022Yesterday price made a sweep of the low and trying to push to the upside. But we are not yet bullish until the previous resistance has been broken. So we might see a rejection from the support to go bearish.
USDCAD 4h Analysis July 6th, 2022Overall this pair is pretty bullish even though it is currently trading at a resistance level. But as the dollar is skyrocketing then we might see a continuation of bullish momentum.
GBPUSD 4h Analysis July 6th, 2022We can ride the bearish momentum of this pair as the dollar keeps on flying to the moon. Be careful and have risk management so you know where to enter and exit.
EURUSD 4h Analysis July 6th, 2022As the dollar keep on rising this pair would be dropping hot. So either join the bearish momentum and find an entry on the lower timeframe or wait for the retest on the previous support level before placing a short position.
USDCAD 4h Analysis July 5th, 2022If the dollar continues to rise then we might see a continuation of bullish momentum with this pair. Drop down to lower timeframe and look for confirmation before placing a trade.
GBPUSD 4h Analysis July 5th, 2022Since the dollar is very bullish we expect bearish momentum with this pair as it is now trading at the support level. Just wait for the breakout and enter on the retest for confirmation.
EURUSD 4h Analysis July 5th, 2022Finally the market breaks the previous support level and now that it confirmed us that it is bearish then we wait on the retest.
EURUSD 4h Analysis June 29th, 2022Now that the price is trading at the support level we just need to wait for the price to close bullish if we are looking to long this pair. Unless it would break below the support then we are short on the retest.
