AUDJPY Short idea Higher timeframes are also bearish on this pair but we saw a huge rally which pushed price action to our monthly resistance zone around 76.000 From that level we saw a 4hour head & shoulders pattern which presented a very strong reversal after the neckline broke. With this reversal and overall analysis in mind we will remain with a bearish...
AUDUSD Short idea Overall higher timeframes are bearish but we saw a strong 4hour bullish trend push price action up to our major resistance zone around 0.70250 where we saw a key reversal happen. At our resistance level we saw a double top then a lower timeframe transition to the down side. Since then price action has been printing lower highs repeatedly...
DXY Long Idea All higher timeframes are majorly bullish on USD although we did see a strong 4hour bearish channel push price action down toward our major support zone around 96.00 From this level we saw massive rejection followed by 1hr and now a 4hr transitions to the upside. We will remain with a bullish sentiment and target our next major resistance zone...
Gold Long idea Gold is still significantly bullish and last week we saw price action break two resistance levels, both 1695 & 1720. Ideally we want to see structure form followed by strong bullish setups. We will be looking for price action to hit the 38.2% fib level with a quick continuation to the upside. We will still be looking to target our 1800.00 handle
EURJPY Short Idea As expected we saw a huge reversal from a key resistance zone around 123.500 last week. From the current level we want to see bearish momentum continue and break support levels on our way down confirming this transition. If we see strong bearish setups at the current level a short entry would present itself. Look to target lower toward the...
EURUSD short Idea Last week we saw a reversal on this 4hour bullish trend just before our major monthly resistance zone around 1.15000 If this transition continues we could see a fairly large drop to major support levels We want to see a lower high form right where price action is currently followed by strong bearish setups that would then present a short...
AUDJPY Short idea Last week we saw a huge reversal from our monthly resistance zone around 76.000 in the form of a large head & shoulders pattern. We managed to catch a great short opportunity on a break of the right shoulder and rode price action down to our supporting daily trendline. From the current level we are looking to short again as price action is...
AUDUSD Short idea We saw a strong reversal from our monthly resistance zone last week. A double top formed on the 4hour timeframe and presented a bearish transition after a break and retest of our 0.69000 level. From the current level we want to see strong bearish confirmations further confirming this transition which would result in more bearish volume...
DXY Long Idea Last week we saw a bounce from our monthly support around 96.00 as expected and a break of a 1hour lower high. From here we could see DXY show some bullish momentum and push price action up toward our 98.50 zone which was the bottom of our daily range. Strong bullish setups from the current area pushing price action through the Monthly trendline...
Gold Long idea Overall higher time frames are very bearish but we have seen a smaller bearish trend form pushing price action back down toward our monthly support around 1675.00 From this level we want to see a strong bounce which breaks minor resistance levels and starts forming higher lows. (The blue arrow) We will remain bullish and look to target...
EURJPY Long Idea Higher timeframes have been primarily bearish but we saw a clear break of our daily descending channel We are now seeing a strong bullish trend establish itself. Price action pushed all the way up to our major resistance zone around 123.500 From here we have two potential scenarios: Price action momentum continues and pushes higher into our...
EURUSD Long Idea This pair has turned extremely bullish after breaking out of a large range Currently we are seeing bullish momentum hold and are looking at two potential scenarios for price action We could see the momentum continue and price action push up to our key monthly resistance around 1.15000 Or we could see price action reverse at this current level...
AUDJPY Long idea The monthly and weekly timeframes are very bearish, however, we saw this daily timeframe turn extremely bullish last week. We saw a break of our descending channel and large bullish volume enter the market pushing price action up toward our key monthly level around 76.000 From this level we have two potential scenarios: Bullish momentum...
AUDUSD Long idea From the sheer volume this pair has been showing we have a strong possibility that price action will reach the -27% fib level and major monthly resistance around 0.70800 before showing signs of a reversal The blue arrow represents the trade path where bullish volume continues and price action gets pushed higher The orange arrow represents a...
DXY Short idea Based on last weeks huge bearish momentum I will have a bearish bias coming into this week. It looks very likely that we will see our monthly zone tested around the 96.00 area before any sort of reversal will be considered. The blue arrow represents the most likely trade path down to the 96.00 area The orange arrow represents a break of this...
Gold Long Idea We have seen strong bullish movement on all higher timeframes especially the recent 4hour. We are currently seeing a strong continuation to the upside and are looking to target higher toward 1800! Look to enter on 4hour timeframe setups and lower The blue arrow represents the likely trade path for gold this week
EURJPY Long Idea This pair is very bullish on this 4hour timeframe and is looking to continue with this trend, however, we are pretty extended at this point a retracement is likely to occur. Look for a bounce off the 118.500 area which is a confluence area with structure, 50% fib level and clear support. The blue arrow is the likely trade path for this pair and...
EURUSD Long idea This pair has turned majorly bullish on the 4hour timeframe breaking our daily range. Current price action is in a strong bullish trend and is looking to make another push higher toward key resistance and our -27% fib level around 1.11800 The blue arrows are the most likely trade paths for current price action which support our bullish...