GBPJPY 4h Analysis 25th, 2022After a big breakout we then wait for a retest from the previous resistance that would act now as a support. So be patient and keep an eye on this pair.
Forexleague
XAUUSD Daily Analysis April 24th, 2021Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are back to bearish on gold on the 4hour timeframe and are technically in an active trade. Once price action broke the 1950.00 support area we fell back into a pre-existing range.
Going forward into the week it is likely we will see price action start to consolidate.
Trade scenario 2: For us to consider gold bullish again we really need to see higher lows above the 1950.00 area. Good structure is key so we will have to wait for a trend to emerge.
USDJPY 4hour Analysis April 24th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still steady bullish on UJ. This is not ideal but nothing is suggesting a bearish trend just yet.
The most likely scenario for this week is that UJ will keep rallying.
Trade scenario 2: For us to consider UJ bearish we first need to see a lower high below 127.700 support. Look to target lower toward 125.000 support if this happens.
AUDJPY 4hour Analysis April 24th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: This pair is extremely over extended and the daily timeframe shows that best.
We are on the 4hour timeframe on this analysis to showcase the potential for this week.
Ideally, price action continues in this steep bearish trend and falls to 91.000 for structure formation. We can then consider long scenarios if we see a 4hour bullish trend emerge.
Trade scenario 2: I would not consider long scenarios on this pair yet but we could see price action reject off 92.850 support and consolidate some more.
This pair is due for a pullback so we have to be careful where we consider long scenarios.
AUDUSD 4hour Analysis April 24th, 2022AUDUSD Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking strongly bearish here on AUDUSD and the support level we’re at around 0.72500 is the make or break zone here.
It is more than likely that AU will continue bearish as it is showing no signs of slowing down. Ideally, we can spot a lower high below 0.72500 to enter short on.
Trade scenario 2: For us to consider AU for long scenarios we really need to see reactions now at this support level (0.72500).
If we can spot some good structure and a bullish 4hour trend then we will be interested in entering long.
DXY (USD Index) 4hour Analysis April 24th, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish on DXY around this 100.00 level we have marked.
Ideally, we continue bullish and see clean structure above 100.00. Look for higher lows and strong bullish setups to confirm dxy bullish on the 4hour.
Trade scenario 2: For us to consider DXY more bearish we would first need to see a break of minor support with lower highs and bearish 4hour structure.
USDCAD 4h Analysis April 20th, 2022As the price is trading at the support level the current price action is bearish as the volume is kicking to the downside. So we can ride the momentum or wait for breakout and a retest.
GBPUSD 4h Analysis April 20th, 2022After a break of bearish trend line now price retested the support level and moving towards the resistance level. Look for confirmations before placing a trade and manage your risk.
EURUSD 4h Analysis April 20th, 2022Overall structure is bearish and price is retracing to our resistance level then target the weekly low. So be patient waiting and keep an eye on this pair.
USDCAD 4h Analysis April 19th, 2022Price is still moving sideways so either we can anticipate for a rejection so that we can enter short. Or if price breaks above then we are long on the retest.
EURUSD 4h Analysis April 19th, 2022Still bearish in overall structure but we can short now or wait for the retest since price could retrace from that area. Be patient and always manage your risk before placing a trade.
GBPUSD 4h Analysis April 19th, 2022We are bullish with this pair as we can see many confluences in line with each other. After a break of structure from the downtrend and a bounce from the support level we are pretty much bullish. But if it breaks below then we are short on the retest.
EURUSD 4h Analysis April 18th, 2022The price breaks the previous support level so we are interested in short positions. But it could retrace from the previous key level where it was rejected multiple times.
BTCUSD 4h Analysis April 18th, 2022Market structure wise bitcoin is moving sideways as of now but as a day trader we wait for its next move and we respond to it. So we can long this one if it's showing us bullish signs or vice versa if price breaks below the support level.
NAS100 4h Analysis April 18th, 2022We are in a very interesting level where price could reject the level and be bullish to target the next previous key level. Or a break below then target the old support level. Always wait for confirmations this would be a great swing trade if you see a lot of confluences in the market.
CADJPY 4h Analysis April 18th, 2022Price breaks the previous weekly high so we expect bullish movement for this week. But we might also see sellers to kick in as this level is very nice for their entry positions. So be careful and look for a lot of confluences in the market.
GBPAUD 4h Analysis April 18th, 2022Overall market structure is bearish and as we look into the current price action it's retracing on the higher timeframe that's why it is bullish on the lower timeframe. But we are more into bearish positions since we can see bearish trend in the bigger picture.
NZDUSD 4h Analysis April 18th, 2022Just wait for the price to tap our weekly low where the price would more likely to react. Be patient and keep an eye on this pair either way we are ready.
GBPJPY 4h Analysis April 18th, 2022We created new high of the week where the market structure is pretty bullish. So we then wait for a pullback to have a better entry.
USDCAD 4h Analysis April 18th, 2022As the price is approaching our resistance level we then wait for its reaction before we conclude a bias. But we are prepared either way so if it breaks above we are long on the retest and short if it rejects the resistance.
GBPUSD 4h Analysis April 18th, 2022As the market open this week we still wait for the price to retest our previous support before we long this pair. So be patient waiting and always look for confirmations before placing a trade.
XAUUSD Daily Analysis April 17th, 2021Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Gold is currently in an active trade after we saw price action break a massive range near 1930.00
The most likely scenario from here is price action hits our 2000.00 level then consolidates.
Trade scenario 2: Look for rejection from our 2000.00 resistance level. Ideally, we can see clean structure after a short period of consolidation.
EURJPY 4hour Analysis April 17th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Consolidating
Trade scenario 1: We are still bullish on EJ and price action has formed an ascending triangle near 137.000 resistance.
How price action reacts at 137.000 will determine where we look for trades. The most likely scenario is price action breaking 137 and forming structure above.
Trade scenario 2: If we are to consider EJ bearish we need to see a break of the most recent 4hour higher low and this pattern.
Look to enter short on lower highs and target toward 135.500
