USDCAD 1h Analysis November 18th, 2021The price already broken the previous resistance and it gives us confirmation to be bullish. But since the current movement of the market is ranging we need to see a break above structure.
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GBPUSD 1h Analysis November 18th, 2021Now that the price rejected the resistance level we could ride the bearish impulse. But look for confirmations first and manage your risk.
EURUSD 1h Analysis November 18th, 2021Still waiting for the price to retest the previous high. Be patient waiting on this one then look for confirmations.
USDCAD 1h Analysis November 17th, 2021A 2 possible scenario that could play out. Scenario 1 is a break below the price and continue to be bearish to target the support level. Scenario 2 is rejection from the minor support level to target the resistance level.
GBPUSD 1h Analysis November 17th, 2021The price is still moving sideways so it's either we should wait for a break and retest. Or a rejection from the resistance level then target the support level.
USDCAD 1h Analysis November 16th, 2021We might see a retest before it continue to go up to the resistance level. Or a continuation of bullish impulse might happen first so either way we are ready for our trade.
EURUSD 1h Analysis November 16th, 2021Now that the market formed an equal lows it shows that the price would push to the upside. So be patient waiting for a possible setup on the lower timeframe to go long and target the resistance level.
EURJPY 4hour Analysis November 14th 2021EURJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall the higher timeframes are bullish but we have seen a fairly strong bearish trend on the 4hour.
Currently price action is resting at key support near 130.000 and how it reacts here will determine where we go next.
If the 4hour bearish trend continues, look to enter short once we can confirm a lower high below 130.000
Trade scenario 2: We could see a strong reversal at 130.000 support and we could enter long on a lower timeframe trend change but i recommend waiting until we can confirm 4hour bullish structure. (ie. break of structure/ higher lows above major levels)
AUDJPY 4hour Analysis November 14th 2021AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on AJ. Currently we’re seeing a bit of consolidation near 83.250 support but we’re going to play the trend.
Ideally, price action presents a lower high below 83.250 for us to enter short on.
Trade scenario 2: For us to consider AJ bullish we need to see a transition on this 4hour timeframe with a strong higher low.
Look to enter long and target higher toward 85.000 resistance.
AUDUSD 4hour Analysis November 14th 2021AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Hugely bearish here on AU still after a strong reversal around 0.75000 and we’re looking to continue that way into this week.
Ideally we see structure form with our next lower high that we can enter short on.
Trade scenario 2: For us to consider AU bullish we need to see a higher low above 0.74000.
DXY (USD Index) 4hour Analysis November 14th, 2021DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish after a massive rally. Currently waiting for our next point of structure before looking higher for the USD
Trade scenario 2: For us to consider DXY bearish we need to see a lower high below 94.500
USDCAD 1h Analysis November 11th, 2021The market is so stretch so for us to maximize our profits is to wait for the retrace and trade the swing. We are confirmed bullish as the market broken out the previous resistance level.
GBPUSD 1h Analysis November 11th, 2021Just like EU the price broken below the previous support but this time it already retested it. So we could ride the continuation of bearish impulse if we could find confirmations in lower timeframe.
EURUSD 1h Analysis November 11th, 2021Now that the price breaks below our previous support we then wait for the price to retrace back and reject it. Be patient waiting and you could do a counter trend but always know your risk.
EURUSD 1h Analysis November 10th, 2021A continuation of the bearish impulse is our best possible scenario for us to get in on the market. But always look for confirmations before taking a trade so be patient.
GBPUSD 1h Analysis November 10th, 2021For our possible trade here is to enter short for a trend continuation and target the previous low. So just look for confirmation in lower timeframe before placing a trade.
USDCAD 1h Analysis November 10th, 2021Yesterday the market rejected the resistance level so if you missed that one then you have another opportunity. By entering a short position from the minor resistance then target the support level.
USDCAD 1h Analysis November 9th, 2021Price is ranging so our bias would be neutral since we buy on support and sell on resistance. Just be patient waiting for the price to touch any of the key levels before having a position bias.
EURUSD 1h Analysis November 9th, 2021The price already rejected our resistance level so we could see continuation of the bearish impulse. Or if the price happens to retest one more time then we are still short.
GBPUSD 1h Analysis November 9th, 2021The price is nearly approaching our previous support level that would act now as a resistance level. Just wait for the price to touch and look for confirmations in lower timeframe.
XAUUSD 4hour Analysis November, 7th 2021Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We recently broke back into the range between1800 & 1825 and price action has been rallying higher.
Based on the range I'm expecting a large reaction near 1825 but until then I will remain patient.
XAUUSD 4hour Analysis:
EURJPY 4hour Analysis November, 7th 2021EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Big bearish volume on EJ, looking to head lower early in the week so look to enter short on lower highs below 131.300. Look to target lower toward 130.000.
Trade scenario 2: For us to consider EJ bullish we would need to see a higher low above 131.300 with strong bullish setups to confirm.
USDJPY 4hour Analysis November, 7th 2021USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here on UJ but will this current break confirm or fakeout.
Ideally, we see a lower high form here below 113.450 with strong bearish setups to enter short on. Look to target lower toward 113.000
Trade scenario 2: If this current attempt to push lower fails, look for a higher high above 113.450 to enter long on and target higher toward the top of the range.
