EURUSD 1h Analysis February 16th, 2022Price could retest the minor support level then target the resistance level. Or a break below the minor support level then target the previous low.
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USDCAD 1h Analysis February 15th, 2022Just like GU price is ranging, but are short term bias is short since the market respected the resistance level. Either enter by riding the momentum or wait for a retest on the resistance level to go short.
GBPUSD 1h Analysis February 15th, 2022Price is still moving sideways so we are short term bullish just to target the resistance level. We do have two options to enter, option 1 is to ride the bullish impulse now or wait for a retest before placing a trade.
EURUSD 1h Analysis February 15th, 2022If the price breaks above the S/R level then we are bullish with this pair. But if it manage to hold its level we are short for the price drops towards our higher timeframe support level.
XAUUSD 4hour Analysis February 14th, 2021Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Gold is looking very bullish and it has been forming great structure but it is currently a bit overextended and price action is now resting near 1865.00 resistance.
The most likely scenario is that price action will head lower toward support before forming our next structure point.
Trade scenario 2: If we see a break of resistance near 1865.00 we need to see a higher low above to confirm further bullish movement.
EURJPY 4hour Analysis February 14th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We have recently seen a huge amount of volume here on EJ and are looking bearish on the 4hour timeframe. The higher timeframes are looking bullish so we need to see some more confirmations before we can enter on a trade.
Look for price action to follow through with bullish rejection off 130.000 support. Ideally, a higher low above 131.450 would be perfect.
Trade scenario 2: The other likely scenario is that price action will find rejection near 131.450 and head lower toward 130.000 support once again.
USDJPY 4hour Analysis February 14th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are looking very bullish here on UJ and we are forming good structure & a bullish channel. The most likely scenario is that price action will continue bullish so look for a break of resistance around 116.250 with a confirmed higher low above.
Trade scenario 2: The other likely scenario is that price action will react near 116.250 resistance and send price action lower.
Look to target our support level near 115.000
AUDJPY 4hour Analysis February 14th, 2022AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Overall this pair has been fairly bearish on higher timeframes but we have recently seen a ton of 4hour bullish movement.
Currently, price action is bouncing between 83.250 & 81.500 with HIGH volume. The mostly likely scenario is that we will find resistance around 83.250 and price action will fall toward lower support around 81.500.
Trade scenario 2: If we see price action break resistance around 83.250 we need to see a confirmed higher low above before considering any long positions.
AUDUSD 4hour Analysis February 14th, 2022AUDUSD Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1:Overall we are bearish on AU but we have been seeing a bit of bullish 4hour trend.
Currently, if we’re to consider long positions we need to see a higher low above 0.72000. Also look for strong break out signals and strong bullish variations leading up to 0.72000.
Trade scenario 2: If we are to consider AU bearish again we need to see a lower high below 0.71000.
DXY (USD Index) 4hour Analysis February 14th, 2022 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are looking very bullish here on DXY but we can see that price action is right near resistance around 97.250.
The most likely scenario is that we’ll continue bullish and break resistance. Wait for a confirmed higher low above 97.250 before considering the next move higher.
Trade scenario 2: If we fail to break resistance near 97.250 it will be very likely that price action will continue within the range of 97.250 & 95.800.
USDCAD 1h Analysis February 14th, 2022If you held your trade last friday your tp would be hit now since the price already taps the resistance level. Now that the price is still moving sideways we are trading bearish and target the support level.
GBPUSD 1h Analysis February 14th, 2022Market is not clear it is still ranging so we could possibly do is to wait for the retest of the support then enter bullish trade.
EURUSD 1h Analysis February 14th, 2022Price is already approaching our support level which is a good sign for us to watch this pair for our possible setup. Now be careful not to enter early so wait for confirmations before entering a trade.
USDCAD 1h Analysis February 11th, 2022Still in a consolidation period but price is pretty bullish in the short term bias could pullback and retest the support level. So we could buy at the support level then target the resistance level.
GBPUSD 1h Analysis February 11th, 2022Yesterday the price retested the 4h resistance level. Now that it is pulling back and would like to retest it again could be the possible scenario for us or look for the next level of danger in the lower timeframe.
EURUSD 1h Analysis February 11th, 2022The price is currently in the support level now. As the price broken below the support level we are anticipating that it is now a retest of that level. So we are interested to go short and look for confirmation in the lower timeframe.
USDCAD 1h Analysis February 10th, 2022In overall structure we are still in consolidation period. But since the volume now is moving to the upside then either we could ride the momentum or wait for the pull back.
GBPUSD 1h Analysis February 10th, 2022Price is really moving sideways for now and we are neutral with our directional bias. So if the market closes below the support below then we are short if it rejected it then we are bullish.
EURUSD 1h Analysis February 10th, 2022Just wait for the hourly candle to close below the support level to confirm our short bias in the market. If it didn't happen wait for further confirmations to support our bias.
USDCAD 1h Analysis February 8th, 2022This pair is till ranging, the market hasn't broken any key levels so we are still in consolidation period. If you want to trade it by buying at the support and selling at the resistance it's fine. Or just wait for the price to break either support or resistance level.
EURUSD 1h Analysis February 8th, 2022Price broken the support level but it could be a liquidity grab if it can't manage to push to the downside. It's crucial to enter short right away so be careful and wait for confirmations.
GBPUSD 1h Analysis February 8th, 2022Still bearish with the overall market structure and as we could see that the price rejected the resistance level. Now we could ride the bearish impulse then target the next possible level of danger.
USDCAD 1h Analysis February 7th, 2022The momentum of this pair is bearish and we could ride it or wait for confirmations. If you are a momentum trader a quick short would be a good one if not then no.
