EURJPY Short Idea On the daily timeframe and below this pair is very bearish. Current price action is in a retracement and we are looking for long opportunities with the overall bullish trend. Ideally we would like to see a reversal at the 61.8% with strong bullish setups. We can target higher toward our monthly resistance zone and -27% fib level around...
AUDUSD Long idea All significant timeframes are bullish on this pair and we recently had a change of trend on our daily timeframe when this monthly zone was broken and confirmed. Now we are looking to continue with this bullish trend and enter on long opportunities. We have 2 potential long scenarios: 1.We see price action reverse at the 61.8% and confirm...
EURJPY Short Idea Overall we have been very bullish on this pair and are looking to continue with this trend. We recently saw a bullish break of a symmetrical triangle and are expecting a pullback. Look for long opportunities around the yellow zone between the 61.8% fib level and recent broken structure. (The blue trade path) For us to consider short...
USDJPY Short Idea Overall we are looking very bearish on this pair. We recently saw a pullback after a large bearish push. Price action is resting at our 61.8% fib level and monthly resistance zone around 106.000 From here we are looking for short opportunities and will enter on lower timeframes setups confirming another bearish push. (The blue trade path) For...
AUDUSD Long idea We are looking for long positions only on this pair as all significant timeframes are very bullish and we recently saw a break of our major resistance/monthly zone at 0.70800 Price action is pulling back on this 4hour timeframe so we will watch for higher lowers and strong bullish setups to confirm another push higher. (The blue trade path) For...
EURJPY Short Idea Higher timeframe analysis suggests an overall bearish trend but the 4hour has been extremely bullish since mid May. Looking at the 4hour we can see that we will only be looking for long opportunities until we see a serious transition take place. Two potential scenarios for price action: 1.Price action retraces, confirms a higher low and...
USDJPY Short Idea This pair is looking bearish on higher time frames but also is significantly bearish on this 4hour timeframe. Looking for opportunities with this bearish trend we will have to wait for the right entry. Ideally we would like to see a retracement to a key fib level followed by bearish setups. This would confirm structure & a lowerhigh. Target...
DXY Short Idea The USD has been extremely bearish on the daily timeframe and bearish price action is not showing signs of slowing down. Currently we are at the 95.00 zone and have to wait for price action to break or bounce from this level. We have two potential scenarios: 1.Price action continues with bearish momentum breaks 95.00 and retraces. Look to target...
USDJPY Short Idea All higher time frames are significantly bearish and we are looking to enter on a bearish continuation. We can also see that price action on the daily timeframe has been ranging between 109.250 & 106.000 and the most ideal trade would be a breakout of this range. Within this range we can also look for lower timeframe trade opportunities....
AUDUSD Long idea Higher timeframes are bearish while the daily & 4hour are bullish Currently we are looking for a bounce off support at 0.69650 and will look to enter on strong bullish setups confirming the bounce. Look to target high toward 0.70800 In the scenario where price action fails to push higher, look for a break and retest of 0.68500 before...
DXY Short Idea Overall sentiment on higher timeframes is bearish We are now looking for continuation opportunities to the downside. Last week we saw a bearish break of our ascending triangle and price action is now establishing lower highs. We will favor a strong bearish continuation and are looking for bearish setups at the current level. Look to target...
EURJPY Short Idea The overall trend on this pair is bearish, however, we have seen a strong 4hr bullish trend push price action up toward a major resistance level around 123.400 From that level we saw price action swiftly reverse and began forming a descending channel which is in line with the overall bearish sentiment Currently we have two potential scenarios...
EURUSD short Idea Higher timeframe analysis shows that the overall sentiment is bearish but recently we have seen a strong 4hour bullish trend This 4hour trend found resistance around 1.1400 and formed a head & shoulders reversal pattern. We can now see that price action is in a descending 4hour channel and is currently at a crucial level around 1.11745 From...
AUDJPY Short idea Higher timeframes are significantly bearish although we have seen a strong 4hour bullish trend up until our monthly zone around 76.500 From this level we saw a strong reversal in the form of a large head & shoulders pattern. Price action has been forming lower highs and lower lows since which line up with the overall bearish sentiment At the...
AUDUSD Short idea Higher timeframes are bearish although the 4hour has been extremely bullish up until our 0.70400 resistance zone At this level we saw a reversal with a confirmed Lower high & double top pattern From the current level we have two potential scenarios of how price action could play out 1.We see price action continue to push lower with strong...
DXY Long Idea All higher timeframes are significantly bullish although we did see a 4hour bearish trend push price action lower toward our monthly support around 96.00 From the monthly support we saw a strong bounce and now price action looks to be forming a 4hour bullish trend which is now in line with the higher timeframes. For us to confirm a bullish...
EURJPY Short Idea Overall higher timeframes are very bearish on this pair despite the huge 4hour rally we saw to our major resistance zone around 123.500 At that zone we saw bears take over price action resulting in a clean reversal which plays into our overall bearish sentiment We saw a key 1hour bearish transition & now a 4hour bearish transition as the...
EURUSD short Idea After the bullish rally on the 4hour timeframe we saw a strong head & shoulder reversal pattern form and execute. We were originally bearish on our higher timeframes and will remain bearish as we did not break to new highs on the daily. From this level we simply want to see a retest of the 38.2% fib level around 1.12350 with some strong...