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XAUUSD 4hour Analysis November 28th, 2021Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We saw a ton of bearish volume last week but we can see price action has stopped within this massive range between 1800 & 1825.
From here it’s very likely price action will range for a while.
Trade scenario 2: If price action is to continue with this large bearish volume look for a lower high below 1800 to enter short on.
USDJPY 4hour Analysis November 28th, 2021USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We are clearly still within a 4hour range held slightly above massive support near 113.000.
The most likely trade scenario for price action is to consolidate within this range after a high volume move.
Trade scenario 2: While we remain above 113.000 support we’re generally looking for long opportunities. Ideally, if we can spot a confirmed higher low above 114.150 we can target higher.
AUDJPY 4hour Analysis November 28th, 2021AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on AJ overall. We recently saw price action hit a new low and is now pulling back to ideally form structure.
Look for reversals near our 38.2% fib level and 61.8%.
Trade scenario 2: For us to consider AJ bullish we would need to see a push above 83.250 with a confirmed higher low above.
AUDUSD 4hour Analysis November 28th, 2021AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking even more bearish this week here on AUDUSD. We recently saw a break of support near 0.72000 and are now waiting on a retest/ confirmation of our next lower high.
Look for short entries on significant lower highs below 0.72000
Trade scenario 2: For us to consider AU bullish again we would need to see a higher low above 0.72000.