GBPUSD 4h Analysis May 16th, 2022Price is pretty bearish so we have 3 options. First is riding the bearish momentum now and target the support level. Next is a a breakout of the resistance level to retest the previous resistance level and still be bearish. Lastly, a break below the support level and enter short on the retest.
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XAUUSD Daily Analysis May 15th, 2021Gold Short idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish here on gold and are currently expecting a pullback.
Look for a lower high to form near 1830.00 resistance with good bearish setups to follow. Target lower toward 1800.00 support area.
Trade scenario 2: For us to consider Gold bullish again we need to see a higher low above 1830.00. Look to enter long on strong bullish setups and target higher toward 1870.00 resistance.
AUDJPY 4hour Analysis May 15th, 2022AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking very bearish here on AJ as we saw a daily head & shoulders pattern execute last week.
Going into this week we’re looking for lower highs and rejection from key levels of resistance like 91.000
Trade scenario 2: For us to now consider AJ bullish we need to see a break of resistance around 91.000 with a higher low above.
NAS100 4h Analysis May 9th, 2022The overall bias is still bearish but as we approach the support level of the daily timeframe buyers could push this pair to the upside. But price could easily break the support level so be patient wait for more confluences in the market.
XAUUSD 4hour Analysis May 8th, 2021Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are newly bearish on the 4hour & daily timeframe on gold as we recently broke well below 1930.00.
For us to continue selling we need to see the bearish trend continue strongly. Ideally, we can see a lower high below 1870.00 that we can enter on.
Trade scenario 2: It is also likely that price action will bounce right now and head back toward 1930.00.
I would be hesitant on entering on this move or while price action is approaching 1930.00. This level has been proven as a key level on major timeframes so how price action reacts will more clearly show us potential trade scenarios.
EURJPY 4hour Analysis May 8th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking bullish again on EJ as this consolidation is seeming to end.
We are looking to enter long once we can confirm this higher low above 137.000. Look to target higher toward key resistance levels.
Trade scenario 2: For us to consider EJ bearish we would need to see a break of 137.000 with a lower high below.