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NAS100 4h Analysis June 13th, 2022Price is pretty bearish last week and as it approach the support level we might anticipate a reaction on that level. Rejection at the support and it would be more likely for the price to fill the gap. But there's always a possibility that price could break the support then we are short on the retest.
USDCAD 4h Analysis June 13th, 2022Last week price really made a massive bullish movement. So as it is currently trading inside the resistance level we might anticipate shorting this pair only if we see confirmation. But there's a possibility that it could break above that level since it is rallies to the upside and closed very bullish last week.
XAUUSD 4hour Analysis June 12th, 2021Gold Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We have a bit of mixed signals here on gold but we are technically still within a range between 1870.00 & 1830.00.
For us to continue with this 4hour bullish trend we need to see structure above 1870.00 with good follow through.
Trade scenario 2: For us to go back to bearish we need to see a reversal right here near 1870.00 resistance.
EURJPY 4hour Analysis June 12th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking very bullish on EJ still but we can see price action is pulling back to our 140.000 level.
From this level we’re looking for some sort of bullish reaction with strong setups to enter long on. Look to target higher toward 144.000 resistance if can spot a clear higher low above 140.000
Trade scenario 2: For us to consider EJ bearish we need to start seeing structure below 140.000 support.
USDJPY 4hour Analysis June 12th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is extremely bullish and is currently resting at our 134.000 resistance zone.
We ideally want to see more normal structure before taking a trade but the likely scenario for this week is looking like price action will just continue bullish.
Trade scenario 2: For us to consider UJ bearish we would need to see a sharp reversal from 134.000 resistance with strong bearish setups to follow.
Look to target lower toward 131.000 support.
AUDJPY 4hour Analysis June 12th, 2022AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish on AJ and we are currently seeing a pullback to our 95.000 support zone.
How price action reacts at this zone will determine where we look for trades next. Ideally, price action forms structure and continues higher.
Look to enter long on conviction after a higher low is confirmed.
Trade scenario 2: For us to consider AJ bearish on this timeframe we need to see a break of support at 95.000 with structure below.
AUDUSD 4hour Analysis June 12th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish on all timeframes and last week we saw a major drop to our 0.70000 support zone.
From here we’re looking to continue bearish and enter specifically on lower high setups. This could be a multiple setup analysis if price action continues to drop.
Trade scenario 2: For us to consider AU bullish again we need to see a break back above 0.71150 with a higher low above.
DXY (USD Index) Daily Analysis June 12th, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are back to bullish on DXY as we saw the 4hour break back above 103.000.
From here we’re looking for a higher low above 103.000 with conviction to continue bullish.
Trade scenario 2: For us to consider DXY bearish we need to see structure below 103.000. If this happen we can identify the 4hour timeframe as bearish.
NAS100 June 6th, 2022This would be a pretty nice trade to look at as the price is rejecting the support level so buy at the support sell at the resistance.