USDCAD 1h Analysis October 14th, 2021The price breaks below the support level where we are now looking for short positions but we need to wait for a retest. So be patient waiting and look for confirmations before getting in on the market.
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GBPUSD 4h Analysis October 14th, 2021As we can see that we are trading on the supply zone or the resistance level where the previous candle rejected it. Now we are waiting in the lower timeframe to have our potential entry to go short.
EURUSD 1h Analysis October 14th, 2021Since there is a major news it could help to push the market to downside by having more volume in the market. So we are looking for short positions and try to enter on lower timeframe.
USDCAD 1h Analysis October 13th, 2021Currently trading at a support level so we could see more demand for buyers that could push the price to the upside. But a break below the support level could happen and our bias would be changed.
EURUSD 1h Analysis October 13th, 2021A push to the upside til the resistance level is our potential trade for now. But we wait for the big move to happen which is a break of structure either above the resistance level or below the support level.
GBPUSD 1h Analysis October 13th, 2021The market is moving sideways and for us to get in on a trade is first, we could short it and target the support. Or wait for break of structure either a break above resistance or break below the support level.
USDCAD 4h Analysis October 12th, 2021Our short term trade would be long towards the previous resistance. So if it breaks below the support then our bias would be changed and we are short after a retest.
EURUSD 4h Analysis October 12th, 2021Currently trading on a support level so if it still holds the price of the market then we could enter long. But if the market breaks below the support then we are short in on the market.
GBPUSD 4h Analysis October 12th, 2021In overall direction of the market we are still bearish and we are still waiting for the market to taps in our resistance level. So just wait for the analysis to form and play out before placing a position.
XAUUSD 4hour Analysis October 10th, 2021Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Look very bearish still on Gold but we need to see this consolidation break. Ideally we get a continuation to the downside with a break of support around 1740.00 and a lower high below.
Look to enter short on strong bearish setups after we see the lower high.
Trade scenario 2: Both scenarios are bearish but it is possible price action will pullback to 1800.00 before continuing lower.
As long as we’re below 1800.00 we will remain bearish on this pair.
EURJPY 4hour Analysis October 10th, 2021EURJPY Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
The X’s represent failed breaks of support & resistance levels which helps highlight a high volume range.
Trade scenario 1: We’re seeing some mixed signals here on EJ so we’re staying with a neutral outlook into the week.
The most likely scenario is that price action reverses at resistance around 130.000 and heads lower toward support around 128.900.
Trade scenario 2: If we’re to consider EJ bullish we would need to see a confirmed higher low above 130.000 with bullish setups to follow.
USDJPY 4Hour Analysis October 10th, 2021USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: We’re looking very bullish this week on UJ as well but we want to play this one safe. Look for our next higher low above 111.500 before entering long.
Trade scenario 2: For us to consider UJ bearish we would need to see a lower high below 111.500 with strong bearish setups we can enter short on.
AUDJPY 4hour Analysis October 10th, 2021AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish on AJ and we’re aiming to continue with this trend. Ideally price action pulls back to form structure near support around 81.400 and continues bullish from there.
Look to enter long after we can confirm our next structure forming higher low
Trade scenario 2: For us to consider AJ bearish we would need to see a break below support at 81.400 with a lower high below.
Look to target toward our next support level.
AUDUSD 4hour Analysis October 10th, 2021AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish on AU as we just broke resistance around 0.73000 and are now finding support.
From here we’re looking for bullish setups to enter long on.
Trade scenario 2: For us to consider AU bearish we would need to see a break back below support at 0.73000 with a lower high below.
DXY (USD Index) 4hour Analysis October 10th, 2021 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish on DXY this week although we are consolidating a bit and we can see a forming symmetrical triangle.
From here we’re looking for this consolidation to break bullishly and continue higher. Look for strong bullish setups through resistance and the pattern to confirm a bullish continuation.
Trade scenario 2: Price action could also continue to consolidate for a while before making a move but if we are to consider DXY bearish we would need to see a break below support around 93.800 with a lower high below.
USDCAD 1h Analysis October 7th, 2021The price is moving sideways and we could trade it by buying on the support or if the market happens to break it our bias would be changed. So patience is the key here and look for confirmations.
GBPUSD 1h Analysis October 7th, 2021In overall direction of the market we are still bearish and so for now we are currently trading at the resistance level. Just be patient waiting and look for confirmation before getting in on a trade.
EURUSD 1h Analysis October 7th, 2021Still in a bearish market structure so we are looking for short position. So wait for the price to taps in and look for confirmations before shorting the market.
EURNZD 1h Analysis October 7th, 2021The market is now transitioning to become bullish and as we can see that it is retracing back from the support level. So before it continue to be bullish a rejection from the support could happen but look for confirmations for us to be sure.
EURGBP 1h Analysis October 7th, 2021A retest of previous support that would act now as a resistance might happen before it continues its bearish movement. Since we are in a bearish structure look for bearish candlestick patterns or other confirmations before entering on a trade.
EURJPY 1h Analysis October 7th, 2021Currently trading on the previous support level but before it continues to go to the downside it might retest the resistance. But look for confirmations first fir us to be sure cuz it might continue to be bearish if volume kicks in.
USDCAD 1h Analysis October 6th, 2021A retest on the previous support level that would act now as a resistance before it continue to be bearish. But we need more confirmations before our we get in since there would be a major news today.
GBPUSD 1h Analysis October 6th, 2021Just waiting on 2 possible scenarios that could play out. A rejection from the support level and continue to be bullish. Or a break below the support and enter short on a retest.
