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XAUUSD 4hour Analysis June 27th, 2021Gold Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Gold is looking bearish but we are forming a bit of a pattern here. Price action is resting near 1830.00 and we are waiting for reactions here to determine where we’re going next.
Ideally we continue bearish and we see structure below 1830.00. Look to enter short on strong lower highs below 1830.00 and look to target lower toward 1800.00
Trade scenario 2: The other likely scenario is that this pattern continues to develop and we see price action push toward our 1850.00 area. Look for reactions at this level for the next move.
EURJPY 4hour Analysis June 27th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is off! Looking bullish here and we are actually mid move/trade right now.
Currently it looks like price action will rally into 144.000 resistance before we see any sort of reaction. For us to continue buying EJ we need to see structure above 144.000 resistance.
Trade scenario 2: For us to consider EJ bearish the first step we would need to see would be strong rejection from 144.000.
USDJPY 4hour Analysis June 27th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Still very bullish on UJ and it looks like it’s getting ready for it’s next move.
Price action recently formed a higher low above 134.000 and is showing signs of bullish conviction which could bring us to a new high.
Look for strong conviction right now to enter long. Look to target higher toward the prior high and -27% fib level.
Trade scenario 2: For us to see UJ as more bearish we first need to see a break of 134.000 with structure below.
AUDJPY 4hour Analysis June 27th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are still overall bullish on AJ but we are clearly ranging here on the 4hour timeframe.
From here, the most likely scenario is that the range will continue.
Trade scenario 2: For us to consider AJ bullish again on this 4hour timeframe we need to see a break of resistance around 95.000 with structure above.
AUDUSD 4hour Analysis June 27th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish on AU but we can see a bit of choppiness forming just below 0.69500 resistance.
From here, we ideally want to see bearish conviction step in and price action starts falling again. Look to target lower toward major support levels.
Trade scenario 2: For us to consider AU bullish we first need to see a break of 0.69500 resistance.
For me personally I would not consider long scenarios unless I see new structure above 0.70000
DXY (USD Index) Daily Analysis June 27th, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Still very bullish on DXY and we are still resting near 103.000 waiting for bullish conviction to step in.
The most likely scenario is that we will see price action rally off 103.000
Trade scenario 2: For us to consider DXY bearish we would need to see a break of 103.000 support with a lower high below.
NAS100 4h Analysis June 19th, 2022Price already filled the gap which is now showing us a bearish movement of the market. Just wait for the retest and always wait for confirmation before placing a trade.