NAS100 4h Analysis April 18th, 2022We are in a very interesting level where price could reject the level and be bullish to target the next previous key level. Or a break below then target the old support level. Always wait for confirmations this would be a great swing trade if you see a lot of confluences in the market.
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CADJPY 4h Analysis April 18th, 2022Price breaks the previous weekly high so we expect bullish movement for this week. But we might also see sellers to kick in as this level is very nice for their entry positions. So be careful and look for a lot of confluences in the market.
GBPAUD 4h Analysis April 18th, 2022Overall market structure is bearish and as we look into the current price action it's retracing on the higher timeframe that's why it is bullish on the lower timeframe. But we are more into bearish positions since we can see bearish trend in the bigger picture.
NZDUSD 4h Analysis April 18th, 2022Just wait for the price to tap our weekly low where the price would more likely to react. Be patient and keep an eye on this pair either way we are ready.
GBPJPY 4h Analysis April 18th, 2022We created new high of the week where the market structure is pretty bullish. So we then wait for a pullback to have a better entry.
USDCAD 4h Analysis April 18th, 2022As the price is approaching our resistance level we then wait for its reaction before we conclude a bias. But we are prepared either way so if it breaks above we are long on the retest and short if it rejects the resistance.
GBPUSD 4h Analysis April 18th, 2022As the market open this week we still wait for the price to retest our previous support before we long this pair. So be patient waiting and always look for confirmations before placing a trade.
XAUUSD Daily Analysis April 17th, 2021Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Gold is currently in an active trade after we saw price action break a massive range near 1930.00
The most likely scenario from here is price action hits our 2000.00 level then consolidates.
Trade scenario 2: Look for rejection from our 2000.00 resistance level. Ideally, we can see clean structure after a short period of consolidation.
EURJPY 4hour Analysis April 17th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Consolidating
Trade scenario 1: We are still bullish on EJ and price action has formed an ascending triangle near 137.000 resistance.
How price action reacts at 137.000 will determine where we look for trades. The most likely scenario is price action breaking 137 and forming structure above.
Trade scenario 2: If we are to consider EJ bearish we need to see a break of the most recent 4hour higher low and this pattern.
Look to enter short on lower highs and target toward 135.500
USDJPY 4hour Analysis April 17th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are looking strongly bullish here on UJ and price action has not shown signs of slowing down yet.
The likely scenario is that price action continues in this 4hour channel and moves higher. Be cautious entering long as we are over extended on the daily timeframe.
Trade scenario 2: For us to consider UJ bearish we would need to see a break of this bullish channel.
Look for a break below 125.700 first, we want to see price action test 125.000 as this is our key zone.
How price action reacts at 125.000 will determine where we look for trades next. I personally would not consider short positions until I can spot a lower high below 125.000
AUDJPY Daily Analysis April 17th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are clearly very bullish on AUDJPY but we are also consolidating at an extreme high.
Price action is near resistance but we have not seen any structure in weeks. In other words, we are due for a pullback.
At the moment we can only wait so I have highlighted our next support level around 91.000 as this is the minimum I expect a pullback to.
Trade scenario 2: The unlikely scenario is that AUDJPY breaks resistance at 95.000 and keeps rallying.
AUDUSD 4hour Analysis April 17th, 2022AUDUSD Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Higher timeframes are bullish here on AU while the 4hour timeframe has been in a steady downtrend.
We can see price action near our 0.74000 support formed a descending triangle, which looks to be breaking bearishly now.
Look for a lower high below 0.74000 with strong bearish setups to enter on.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.74000 first.
The key to entering long here is structure. Look for a 4hour higher low above our most recent lower high.
DXY (USD Index) 4hour Analysis April 17th, 2022 DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action on DXY is extremely bullish on all timeframes. We are seeing what looks like an expanding pattern near major resistance around our 100.000 level.
The most likely scenario is that price action finds resistance and falls to a lower support level.
Trade scenario 2: To consider DXY bullish beyond 100.000 we need to see structure above. Look for a higher low above the zone with strong bullish setups.
USDCAD 4h Analysis April 14th, 2022As the price rejected the resistance level yesterday we wait for its reaction now. It could prolly go up and target the same resistance or breaks below then short after a retest.
EURUSD 4h Analysis April 14th, 2022Overall trend is bearish but then the current price action is trying to reverse and be bullish. Now we then wait for a rejection on the support to target the previous key level. But then if it happens to break below the support then we are bearish.
GBPUSD 4h Analysis April 14th, 2022We can clearly see that the price is now reversing and being bullish. So we are more interested to long this pair and wait for the price to do a pullback before placing a trade.
USDCAD 4h Analysis April 13th, 2022As we can see for the current price action we may find bullish movement of the market but then a possible rejection from the previous support that would act now as a resistance. So if we are going to long this one wait for price to break above then enter on retest.
EURUSD 1h Analysis April 13th, 2022Overall structure is bearish but we are nearly approaching the weekly low where we might see a reaction of the market. So for us to short this one we needed to have a bearish candle close below this low. Or to long this pair is to wait for bullish engulfing candle.
GBPUSD 4h Analysis April 13th, 2022Price keeps on rejecting the downside so we need more confluences where the price is going so either a bullish engulfing or a bearish one.
USDCAD 4h Analysis April 12th, 2022Now that the price is showing us weakness and would retest the previous key level then we are more interested in long positions.
EURUSD 4h Analysis April 12th, 2022Still waiting for the price to retest from the previous support that would act now as the resistance level. Just be patient waiting but if price already went down towards the weekly low then don't chase it.
GBPUSD 4h Analysis April 12th, 2022xPrice is now reacting at the support level so wait for the 4h candle to close bullish as an engulfing candle then we are ready to long this pair. But if not then wait for more confirmations.
GBPUSD 4h Analysis April 11th, 2022As the price rejected the support level we could expect bullish movement in this session but there's a possibility that it could break the support too so be patient. Wait for confirmations before placing a trade.
