BTCUSD 4h Analysis April 11th, 2022As our last week analysis played out we are still bearish with this pair since the market structure still showing us bearishness of the market. So wait for confirmations before shorting this pair.
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NAS100 4h Analysis April 11th, 2022Market structure has been bearish and now broken so many levels so we can wait for a retest or just ride the bearish impulse then target the next key level.
CADJPY 4h Analysis April 11th, 2022Price is currently trading at the resistance level and we might find multiple of rejections from that area. So we wait for rejection before shorting this pair. But then a breakout to the upside could happen since we have a weekly high to target.
GBPAUD 4h Analysis April 11th, 2022In overall bias we are bearish but the price is retracing so we can be short term bullish to retest the previous resistance. But if price didn't have enough volume to push the price we can wait for a break and retest at the support level.
USDCAD 4h Analysis April 11th, 2022The market structure now is reversing and it's being bullish. So as it transitioned we can ride the bullish impulse or wait for a retest since a break of structure happened.
NZDUSD 4h Analysis April 11th, 2022The price already breaks the support level so we can wait for the market to retest it or ride the bearish impulse then target the weekly low.
GBPJPY 4h Analysis April 11th, 2022This pair started its week by opening at the resistance so we could possibly see a rejection from it. But a breakout is also possible since a weekly high is a target for the buyers. So just wait for its reaction and be patient.
GBPUSD 4h Analysis April 11th, 2022As the price opens at the support level we then wait for its reaction. Either a rejection to target the previous resistance or a break below then enter short on a retest.
XAUUSD 4hour Analysis April 10th, 2021Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: Gold is still ranging on the 4hour but atleast we know what we need to see in order to enter a trade.
Ideally, we see price action assume the overall bullish trend and break the range. Look for a higher low above the range to enter long.
Look to target toward 2000.00 resistance if this happens.
Trade scenario 2: For us to consider gold bearish we need to see a bearish break of the range with a lower high below.
Look to enter short and target lower toward 1870.00 if this happens.
EURJPY 4hour Analysis April 10th, 2022EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Ranging
Trade scenario 1: Overall EJ is bullish on the higher timeframes but we can clearly see price action is in a 4hour range at the moment.
Currently there is no trend on the 4hour so we will have to wait for one.
Ideally, we see price action break resistance around 135.500 with a higher low above.
Look to target higher toward 137.000 resistance if this happens.
Trade scenario 2: For us to consider EJ shorts we need to see a bearish break of 134.550 support with a lower high below.
USDJPY 4hour Analysis April 10th, 2022USDJPY Neutal Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We have been very bullish here on UJ and it is not showing signs of reversal yet although we are near a major supply zone around 125.000.
It would make a lot of sense if price action reverses here and we will be waiting for a break of the most recent lower high if it does.
Once we see that 4hour lower high we can consider short entries and target lower toward 121.250 support.
Trade scenario 2: If price action breaks through 125.000 resistance look for higher lows above as it is likely price action will rally into our -27% fib level around 128.000.
AUDJPY Daily Analysis April 10th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action on this pair is still very overextended. We’re still looking for a massive pullback to correct this rally and form structure.
Without structure we can’t do much on this pair just yet. Ideally, we see some consolidation followed by a pullback to 88.000 support.
Trade scenario 2: We may have a short position loading up as well but it will be more risky without structure.
Look for a break and retest of 91.000 support with strong bearish candlesticks to enter short on. Look to target lower toward 88.000 support.
DXY (USD Index) 4hour Analysis April 10th, 2022 DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are still super bullish on DXY and it does not show signs of slowing just yet.
We can see price action is resting right near 100.00 resistance which is a hugely overvalued area for the dollar.
Ideally, we see some reaction from current resistance and start heading lower again. Look for a break of 99.250 support with a lower high below.
We can then expect DXY to turn bearish for the short term.
Trade scenario 2:
For us to continue seeing DXY as bullish we need to see a massive break of 100.00 resistance zone.
Look for structure above with strong bullish setups.
USDCAD 1h Analysis April 6th, 2022Price violated our levels since there was a major news yesterday so now we then wait for its reaction either a rejection or breaks below the support.
GBPUSD 1h Analysis April 6th, 2022Now as the price rejected the support level we are interested in buying positions. But then price could break below the support so we are also ready if it happens.
EURUSD 1h Analysis April 6th, 2022Now that the price broken the support level we are more interested for taking short position. So a simple break and retest pattern could play here wait for confirmation before entering.
USDCAD 1h Analysis April 5th, 2022Overall bias is bearish but as the price didn't close below the previous low we might see a retest from the previous support level that would act now as a resistance. Or a break below then short on a retest.
EURUSD 1h Analysis April 5th, 2022As the price is trading at our support level we then wait for its reaction. Either a rejection so we are bullish to target the previous high or a close body candle below it so we are short at the retest.
GBPUSD 1h Analysis April 5th, 2022Price is still moving sideways and trading within the range so we could possibly trade it by buying at the support and selling at the resistance level.
BTCUSD 1h Analysis April 3rd, 2022For me personally bitcoin us bullish in long term bias but as a short term trader we trade what the market gives us today so the idea in trading bitcoin right now is bearish. As you can see on the chart it is primarily short since it rejected the resistance level multiple times now and moving towards our support level. Be cautious of your risk management only risk what you can afford to lose.
NAS100 1h Analysis April 3rd, 2022Price is moving bearish now but then be aware of these levels on the chart they are important levels to look at. Wait for price to taps in to either of those levels especially the 14600.00 it is best place to enter buy to target the 14900.00 resistance or sell to target the 14300.00 support level. Just be patient and eventually it'll come to our way.
CADJPY 1h Analysis April 3rd, 2022 The trend is still bullish but as of now price is consolidating so we could see price breaks below the support level but then price could also bounce from the support level. So just be patient for the price to taps in our support then wait for confirmations.
GBPAUD 4h Analysis April 3rd, 2022 A very simple and nice break and retest set up. Just wait for the price to pull back towards our previous support level that would act now as a resistance level. Be patient and keep an eye on this pair.
