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.
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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.
DXY (USD Index) 4hour Analysis March 27th, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall DXY is bullish on higher timeframes while the 4hour timeframe is within a range between 99.250 resistance & 97.850 support.
The most likely scenario is that price action will push toward the top of the range before we see any sort of reaction.
Once we reach 99.250 we will look for a bounce or break.
Trade scenario 2: If we are to consider DXY bearish we would first need to see a break of a higher low on this timeframe.
If this happens, look for price action to fall to 97.850 support.
USDCAD 1h Analysis March 23rd, 2022Price breaks the support level then now moving indecisive that's why there's a possibility that the buyers could get in anytime to push the market to the upside. But then since price breaks a certain level of support we are bearish for now if we find confiramtions.
GBPUSD 1h Analysis March 23rd, 2022A simple break and retest pattern formed here but we are still vulnerable with bearish since there is no sign of rejection from the resistance. But if it happens to reject that level then we are pretty bullish with this pair.
EURUSD 1h Analysis March 23rd, 2022We are still caught up with the sideways movement of the market. So either wait for the price to taps in our support level to buy or wait for a breakout.
USDCAD 2h Analysis March 21st, 2022Currently price is trading at the support level where it is moving indecisive. So either we long it if we find bullish confirmations or short it at a retest if it breaks below.
GBPUSD 1h Analysis March 21st, 2022As the price is moving inside the resistance level which was rejected multiple times we then wait for confirmation to go short this pair. But there is a possibility that price breaks above so we wait for the retest.
EURUSD 1h Analysis March 21st, 2022To start the week, we could see that the price is moving pretty much sideways. For us to get in on a trade just wait for a rejection at the resistance level or if it breaks above then we wait for the retest.
XAUUSD Daily Analysis March 20th, 2021Gold Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking newly bearish here on Gold after we saw a head and shoulders reversal signals execute and play out.
Currently price action rests near 1930.00 support but price action is strongly suggesting we are heading lower.
The most likely scenario is that price action continues to fall into 1870.00 support.
Trade scenario 2: For us to consider Gold bullish again we would need to see price action get above 1930.00 and form a very convincing higher low that we can consider entering long on.
EURJPY 4hour Analysis March 20th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
With Large Bullish Flag
Daily Trend: Bullish
Price action pushing toward upper flag
4hour Trend: Bullish (Current Chart)
Trade scenario 1: Price action has been overall bullish on EJ on the higher timeframes. We can see that on the weekly timeframe, price action has been bouncing within what looks like a very large bullish flag.
This suggests price action will continue higher on a macro level but we need to find what is more accessible to us for the week ahead.
On the 4hour we can see price action is a bit overextended and needs to form structure. Look for a structure forming higher low above 130.650 support to enter long on.
Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.650 support.
USDJPY Daily Analysis March 20th, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: This week UJ is low on the list for expected setups due to the extreme surge of volume we’ve been seeing.
We simply have no structure whatsoever. The best thing we can do is wait for price action to retrace instead of trying to buy into this rally.
Ideally, price action pulls back to form structure. Technically we could see price action fall as low as our 78.60% fib level and still remain bullish structure on this daily timeframe.
Look to take long scenarios off key fib levels and target back toward 120.000 resistance.
Trade scenario 2: The only other scenario that could take place and make sense would be… price action continues rallying and actually breaks through 120.000 resistance
IF this happens we still need to see structure of some kind so look for higher lows above 120.000 that line up with key fib levels.
When you see a high surge of volume on a currency pair or any asset your trade opportunities greatly diminish. The market needs time to resume more normal movement.
Waiting is often the only option.
