NZDUSD 4h Analysis April 3rd, 2022Just like with GJ price can either bounce from the support level then target the Daily High. Or breaks below the support to target the next previous low or any level of danger.
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GBPJPY Analysis April 3rd, 2022Either price could bounce back from the support level or breaks below it. So tomorrow in London session we can see its movement so it has momentum to go to our set up. If price happens to break below then look for next possible level of danger. But if it bounces from the support then our target is the Daily High of the Daily timeframe.
GBPUSD 1h Analysis April 3rd, 2022As the week is starting we can clearly see that the price is moving sideways and could potentially break above our previous resistance and be bullish til the target of 1.33000. But it can also reject the resistance by targeting the support level around 1.30600.
XAUUSD Daily Analysis April 3rd, 2021Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: We are looking bullish on the higher timeframes while the 4hour is ranging a bit.
We know how to play ranges so we will ideally look for a bullish break of the range with a higher low above.
Trade scenario 2: For us to consider Gold bearish we would need to see a bearish break of the range. Look for a break and retest before entering short.
EURJPY 4hour Analysis April 3rd, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ is looking newly bearish on the 4hour as we just saw a break of a higher low and price action is currently retesting.
From here we’re looking for strong bearish candles to enter short on.
Trade scenario 2: For us to consider EJ bullish again we ideally want to see a break of 137.000 resistance with a higher low above.
USDJPY Daily Analysis April 3rd, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Every timeframe on UJ is looking very bullish but also pretty steep. We have to be careful when scoping trades.
Ideally we continue bullish and spot some strong bullish confirmations right in this area. Look to target higher toward 125.000 resistance.
Trade scenario 2: For us to really see UJ as bearish we need to see a break of support around 121.250 followed by 120.000
AUDJPY Daily Analysis April 3rd, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking very bullish here on AJ and nothing here suggests otherwise. We have experienced a very large increase in volume which leaves us lacking structure.
Before we can consider any trade scenarios we need to see a massive pullback with structure.
Trade scenario 2: The other scenario is that price action is not done rallying. It is very likely price action pushes toward 95.000 resistance then present reactions.
AUDUSD 4hour Analysis April 3rd, 2022AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high.
From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long.
Trade scenario 2: For us to consider AU bearish we need to see a break of 0.74000 with a lower high below.
DXY (USD Index) 4hour Analysis April 3rd, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Technically all timeframes are looking bullish, however, we can see a large 4hour range between 99.250 resistance & 97.850 support.
The most likely scenario is that price action continues toward 99.250 resistance before seeing any sort of reaction.
Trade scenario 2: For us to consider DXY bearish we would need to see a break below 97.850 support with a lower high below.
XAUUSD 1h Analysis March 30th, 2022Currently price is trading at a key level which is an S/R level. So now this level was tested multiple times as a support and a resistance. So now either price rejects it and target the 4h support level or breaks above it. Just be patient waiting and keep an eye on this pair.
USDCAD 2h Analysis March 30th, 2022The overall trend of this pair is still bearish however we are in consolidation period right now. So either wait for price to breaks below the support or join the buyers push price to the upside.
GBPUSD 1h Analysis March 30th, 2022As the price is currently trading at the 1h S/R level we still wait for the price to reject it as the NY session opens. But then if it breaks above it we are more likely bullish so just be patient waiting.
EURUSD 1h Analysis March 30th, 2022Now that the price breaks above the 4h resistance level we then wait for a pullback to retest the resistance. But if it breaks below the resistance or breaks above the previous high then this set up is invalid.
USDCAD 1h Analysis March 29th, 2022Yesterday price fails to respect our set up so it was invalidated by breaking the S/R level and now rejected the higher resistance level where it was tested multiple times. So now as the price is trading at the support level we expect buyers to kick in and push it to the upside, but if price manage to break below the support wait for a retest.
GBPUSD 1h Analysis March 29th, 2022As price is moving towards our support level it formed a pull back from the hourly S/R level where we anticipate that the price would react and reject it. But if it happens to break above it then we are not interested in shorting this pair.
EURUSD 4h Analysis March 29th, 2022The price now is in the resistance level after a bullish movement but still in a big picture price is moving sideways. So either it breaks above then wait for a retest or a rejection from the resistance.
USDCAD 1h Analysis March 28th, 2022A simple break and retest pattern here, we wait for the price to reject our previous support level that would act now as a resistance level.
EURUSD 4h Analysis March 28th, 2022Market structure still showing us that price is moving sideways. It hasn't broken any major levels so it's trading in a range of support and resistance. Buy is good if the price is in the support level but if it breaks then we are shorts.
GBPUSD 4h Analysis March 28th, 2022As price is strong to the downside we then wait for it to tap into our support level. So we could either long it if we find confirmations or short it if it breaks below.
XAUUSD 4hour Analysis March 27th, 2021Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Gold is still looking bullish and is technically mid trade. To continue long look for structure forming higher lows up to our 2000.000 resistance area.
Trade scenario 2: For us to consider Gold bearish again we would need to see a lower high below 1930.00
EURJPY 4hour Analysis March 27th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: So EJ is also super bullish however we do see a very tight and steep 4hour channel.
This is not ideal given how overextended the higher timeframe seems but the most likely scenario here is that price action actually pushes toward resistance around 137.000 before we see any sort of serious reaction.
Trade scenario 2: For us to consider EJ bearish and start looking for short opportunities we need to see our 133.000 support level break.
Look for structure forming lower highs below 133.000 for high probability setups.
AUDJPY Daily Analysis March 27th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement.
We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything.
Trade scenario 2: We could also look for a massive amount of consolidation and wait for bearish structure on the lower timeframes.
This would allow for potential short opportunities on a pullback to 88.000 support.
AUDUSD 4hour Analysis March 27th, 2022AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are definitely looking bullish here on AU but we can see price action is curving out a bit.
Ideally we see AU pullback to form structure closer to our 0.74000 support level and form a higher low.
Look to target higher toward 0.76000 resistance.
Trade scenario 2: For us to consider AU bearish we would need to see a break of 0.74000 support with a lower high below.
