EURUSD 1h Analysis March 7th, 2022Because of the current fundamentals which affects the euro to fall and dollar to rise. We are short with this pair until the war stops, so with the current market structure we are still bearish overall.
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XAUUSD Daily Analysis March 6th, 2021Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Bullish on gold but what else is new.. Currently we’re seeing overextended price action but that does not seem to be slowing down.
The most likely scenario is that gold will continue to rally and we will see our 2000 level of resistance met before any reactions can be spotted.
Trade scenario 2: For us to enter long on gold comfortably we need to see a higher low for structure as close to 1930.00 as possible.
If this happens and we can confirm structure and look to target higher back toward our 2000 level.
EURJPY 4hour Analysis March 6th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: EJ is on the move! Looking very bearish here we’re just waiting for our next point of structure to enter short on.
Ideally we can spot a lower high close to 126.500 after price action pulls back.
Trade scenario 2: If we are to consider EJ bullish we first need to see a higher low above 126.500.
USDJPY 4hour Analysis March 6th, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Ranging
Trade scenario 1: Overall UJ is bullish on the major timeframes, however, we can see that we have high volume ranging on the 4hour.
Current price action is looking to break the range bearishly so we are looking for lower highs below 115.000 which is the key zone here.
Trade scenario 2: If UJ continues to range we should price action turn bullish with reactions off of 115.000
AUDJPY 4hour Analysis March 6th, 2022AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: AJ is also looking bullish on all major timeframes after we saw a break of 83.250.
Now we are waiting for key structure points to enter long on and ride the trend. Ideally, price action forms a higher low closer to 83.250 before continuing higher.
Trade scenario 2: The other likely scenario is that AJ will continue to rally and break 85.000 resistance.
If this happens look for a higher low above before entering long.
AUDUSD 4hour Analysis March 6th, 2022AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on all timeframes as we saw a major break of the 0.73000 resistance level.
From here we’re looking for our next structure point in the form of a higher low as close to 0.73000 as possible.
Trade scenario 2: For us to consider AU bearish we would need to see a break of 0.73000 with a lower high below.
DXY (USD Index) 4hour Analysis March 6th, 2022 DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are extremely bullish on USD still but we can see we are very over-extended.
Ideally, price action pulls back and forms a higher low closer to 97.250 for good structure.
Trade scenario 2: If we do not see a pullback we can expect price action to rally into 99.250 resistance before we see any reactions.
USDCAD 1h Analysis March 3rd, 2022Now that the price already breaks below the previous low we might anticipate a retest of the previous support level as the NY sesh opens.
GBPUSD 1h Analysis March 3rd, 2022This pair is still moving sideways so unlike EU it broken below the support level. So we could trade this pair by buying at the support level but if it manage to break below it we might look for shorts then.
EURUSD 1h Analysis March 3rd, 2022Yesterday price didn't break the previous low so it formed an equal lows. But as the price retested the previous support level we might find a potential trade if the market has the momentum during NY sesh to really push to the downside.
USDCAD 1h Analysis March 2nd, 2022As you can see there's a liquidity grab that happened and price is now retracing back from the PL (previous low). Wait for the price to break below the PL to have a bearish bias or ride the bullish momentum as it rejects the support level.
GBPUSD 1h Analysis March 2nd, 2022We can see that this pair didn't break the support level so we might expect buyers to still kick in. But if it manage to break below the support then we are more interested to enter short positions.
EURUSD 1h Analysis March 2nd, 2022The price already broken out the support level so now we anticipate more bearish movements from the market. We could ride the momentum as it retest the previous support level or wait for the hourly candle to close bearish.
USDCAD 1h Analysis March 1st, 2022Price breaks below the support level so we are now on the retracement of the structure which we should be looking for confirmations in the lower timeframe. Be patient because it might be a liquidity grab then push to the upside.
GBPUSD 1h Analysis March 1st, 2022Now that we are in the resistance level we are more interested to enter short positions. Or if the price breaks above the resistance level then we have bullish sentiment.
EURUSD 1h Analysis March 1st, 2022Be careful since it is NFP week but we could see nice set ups with this pair. A potential trade for us is to buy at the support since price is moving sideways and there’s a gap to be filled with.
USDCAD 1h Analysis February 28th, 2022Price is moving sideways but we could still trade it by buying on the support and selling on the resistance. So either way we are ready especially when the price breaks below the support level. Wait for retest before placing short positions.
GBPUSD 1h Analysis February 28th, 2022Just like with EU this pair had a big gap during the weekend as it was affected mainly by the war. So if the price breaks above the previous resistance we could see more bullish structure. But if it fails to break we are still bearish like the long term bias.
EURUSD 1h Analysis February 28th, 2022As you can see in the market there was a big gap from last friday’s close to the opening of the market this week. A lot of things affected this pair mainly the war that is going on. So in long term we are still bearish if the war continues but we could anticipate a pullback first. Short term we are bullish so we could look for bullish setups.
XAUUSD Daily Analysis February 27th, 2021Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are very bullish on gold and in my opinion we’re a bit too bullish which is why I'm waiting for specific scenarios before making any trade decisions.
Based on where price action currently is i think the most likely scenario is for us to see further rejection of 1930.00.
Trade scenario 2: If we see a full blown break of support near 1870.00 we need to spot a lower high below to confirm gold newly bearish on this timeframe.
EURJPY 4hour Analysis February 27th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We’re now looking bearish on all major timeframes and could see price action continue to drop.
The most likely scenario is that we see price action retest 130.000 resistance and form a lower high for us to enter short on.
Trade scenario 2: For us to consider EJ bullish we would first need to see a higher low above 130.000.
USDJPY 4hour Analysis February 27th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Back to bullish! UJ is shaping up nicely here with a clear 4hour bullish transition.
Currently, price action is resting near 115.350 support and we’re waiting for either another higher low with strong bullish setups or some consolidation with later conviction candles to enter long on.
Trade scenario 2: For us to consider UJ bearish we first would need to see a break of 115.000 support with a lower high below.
AUDJPY 4hour Analysis February 27th, 2022AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: Recently we have seen AJ turn bullish but since price action met resistance near 83.250 we have been seeing some high volume ranging.
Ideally, we can continue bullish and see price action confirm structure with a higher low above 83.250.
Trade scenario 2: If we spot a bearish break of the range we need to wait for a lower high below 82.600 before entering short.
