EURJPY 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...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Nothing on this pair suggests bearish movement although we are due for some. We can clearly see how over extended UJ and we know we need to see structure before we can enter a trade. Ideally we see structure form close to 120.000 support with a confirmed higher...
AUDJPY 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...
AUDUSD 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...
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...
Gold 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...
EURJPY 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...
USDJPY 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,...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: To no surprise AJ is super bullish as well. We recently saw AJ break important resistance near 87.000. From here we’re looking for structure in the form of a higher low closer to 87.000. Look for strong rejection candles off this level and enter long on...
AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very bullish on AU recently but now price action is right near key resistance around 0.74000. We know that price action is overextended and without structure so our best play is to wait for our next structure point. Our ideal scenario is if price action...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Currently we are bullish on DXY and we can see price action is bouncing between two 4hour zones. The most likely scenario is that price action will bounce off current support near 98.000 and head toward 99.300 resistance area. Trade scenario 2: For us to...
Gold Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking super bullish on GOLD! Currently we are consolidating near our 2000 resistance zone but we are seeing what could look like a head & shoulders pattern. Ideally, we continue with the bullish trend and spot the next higher low above our 2000 zone. This...
EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking overall bearish here on EJ but we can clearly see a 4hour inverse head & shoulders which is a known reversals pattern. We have yet to break anything but the likely scenario if we are to go bullish would be to see a higher low above 129.000 with...
USDJPY Bullish Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Just like DXY this pair UJ is very bullish! We can see last week that price action had a surge of bullish volume which sent it flying toward the 117.000 area. Currently we’re a bit overextended and identifying structure would be in our best interest. Ideally, price...
AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AJ is looking bullish but with a bit of cleaner structure so far compared to AU. Going into this week we’re looking to maintain the overall bullish trend. We’re actually looking for new structure above recently broken resistance around 85.000 Ideally we can...
AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are also looking very bullish on this pair, AU. We can consider our support level around 0.73000 as the key zone. As long as price action is above 0.73000 we will generally be looking for long scenarios. Ideally we can spot a strong reversal above 0.73000...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Everything is bullish on the USD! All major timeframes have been bullish and current price action is showing no real signs of slowing down just yet. The most likely scenario is that we will continue pushing toward 100.000 resistance while forming higher lows along...
Gold 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...