AUDUSD 4hour Analysis September 12th, 2021AUDUSD Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation.
For us to enter we ideally need to see a lower high below the range.
Trade scenario 2: If we’re to consider AU bullish again we need to see a higher low above the range/ 0.74000 area.
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DXY (USD Index) 4hour Analysis September 12th, 2021 DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Last week we saw a 4hour change of trend. We confirmed a higher low just above 92.500 and we’re now looking bullish. Ideally, price action continues with this transition and pushes back toward resistance around 93.800
Trade scenario 2: For us to consider DXY bearish again we would need to see a massive reversal right now and a break below 92.500.
If this happens look for price action to fall toward the bottom of the range near 92.000
EURJPY 1h Analysis September 9th, 2021Yesterday the market rejected the resistance level and we are trading in consolidation period where the price is moving sideways. So if the support level can hold and the price rejected it we are long towards the resistance level or if it breaks below then we are short.
GBPUSD 1h Analysis September 7th, 2021As the NY session opens we are currently trading at the support level where we are expecting 2 scenarios could happen. Scenario 1 is a rejection from the support level since we are still bullish with our structure. Scenario 2 is the break below the support level and continue to go down towards the next previous support.
XAUUSD Daily Analysis September 5th, 2021Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825.
For us to consider a long opportunity we would need to see that higher low form above 1825
Trade scenario 2: Overall we are bearish on the higher timeframes but the 4hour has been a big pain. We will have to wait until we can spot a lower high below 1800
If you prefer range trading go for it as there could be some nice movement but until we see the break I personally will not be trading gold.
EURJPY 4hour Analysis September 5th, 2021EURJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: The 4hour is clearly bullish while the daily is pending confirmation! We are a bit overextend but all we need to enter is a higher low above 130.000 for structure confirmation.
Trade scenario 2: For us to consider EJ bearish we would first need a break back below 130.000 with a lower high below.
USDJPY 4Hour Analysis September 5th, 2021USDJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Price action has been consolidating around 110.000 and it looks we could finally be seeing the break lower.
Look for price action to form a lower high with bearish setups for us to enter on. Look to target lower toward support around 109.150
Trade scenario 2: For us to consider UJ bullish we first need to see a large rally through 110.000. Because of the prior consolidation I would need to see a higher low closer to 110.250 before entering long.