Like many of the USD pairs this week, USD/SGD has shown a lot of strength, from it's lows at the start of the week it has risen 236 PIPS. Price broke to the upside from a descending daily trend channel last week, and this week price has broken again to the upside from a falling wedge. Both good indications that we may be seeing the start of a trend shift. Due to...
Gold Long idea Trend: Bullish Trade scenario 1: Currently we are breaking out of a large descending triangle but price action is consolidating. We are only going to consider long positions so we will wait for a break and retest of the new rectangle pattern. Look to enter on a confirmed higher low above the rectangle. Target higher toward prior highs and our 0%...
EURJPY Short Idea Trend: Bearish Trade scenario 1: We recently broke a major support level at 124.300. From here we are looking to enter short on strong bearish confirmations. Look to target lower toward our negative fib levels. Trade scenario 2: Price action reverses and breaks back through 124.300. Look to enter on a confirmed higher low. Target higher toward...
USDJPY Short Idea Trend: Bearish Trade scenario 1: Currently only looking at short opportunities. Wait for a pull back to a key fib level before entering. Confirm structure then target lower toward our negative fib levels
AUDJPY Short idea We recently saw a ton of bearish volume step into the market which broke a higher low and key zone at 76.500 which changed this 4hour trend from bullish to bearish Trend: Bearish Trade scenario 1: Bearish momentum continues and gives us entry confirmations on the currently forming lower high. Look to target lower toward 75.000 Trade scenario...
DXY Short Idea Trend: Bearish Trade scenario 1: Price action continues to fall and breaks through support around 92.60. Look for a confirmed lower high below 92.60 with strong bearish setups. Target lower toward major support and key fib levels. Trade scenario 2: Price action turns bullish and begins forming higher highs. Look for a break and retest of 93.30...
Gold Long idea Gold has been very bullish for quite some time and we’re looking to continue with that trend. At the current level price action has formed a large descending triangle pattern. At the moment we’re waiting for a break and retest of the pattern with a confirmed higher low to enter on. Look to target toward the prior high and negative fib levels. If...
AUDJPY Long idea This pair is significantly bullish on major timeframes and we will continue with the overall bullish trend. Current price action is at key resistance at 77.500 & we’re looking for a clean break and retest before we enter long. Ideally we want to see a higher low above 77.500 with strong bullish setups. Target higher toward prior highs and...
DXY Short Idea Overall we are very bearish on the USD and are looking to continue with that trend. On the 4hour timeframe we recently saw a break of our descending channel. From here we can see two opportunities: 1.Price action continues with the breakout and forms a higher low above 93.30. Look for price action to form structure around 94.00, our 38.2% fib...
AUDUSD Long idea Overall we are very bullish on all major timeframes and will continue with that trend On the 4hour we can see a large ascending channel and recently price action formed a higher low and new structure at 0.71875, our 88.6% fib level. As price pulls back we’re looking for entry opportunities on a break of the prior lower high around 0.73000 with...
Gold Long idea Overall, gold is extremely bullish and we are looking to continue with that trend. At the current level we can identify one high probability trade scenario. Ideally we want to see a confirmed transition and break of this descending triangle. Look to enter on strong bullish setups confirming a higher low above the pattern. Target higher toward...
EURJPY Long Idea On this pair we are significantly bullish and will remain with that trend until we see a major transition. From the current level we see major resistance at our monthly zone around 126.500. Here we can identify two potential long opportunities. 1.Price action momentum continues up and we see a rally off the current level at 125.300. Look to...
AUDJPY Long idea This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken. Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target...
AUDUSD Long idea This pair is very bullish and recently we saw a daily change of trend after we saw price action break our key monthly resistance. Now we can see price action retracing and holding at our recent broken structure level at 0.72750 as well as the 61.8% fib level. From here we want to see a lower timeframe transition confirming this higher low at...
DXY Short Idea Overall we are still very bearish on dxy until we see a significant break of a lower high on this timeframe. At the current level price action is at we can see two potential bearish scenarios: 1.Price action confirms the lower high below 93.30 and begins another bearish leg. Look for strong bearish setups below the 92.60 zone. Target lower...
AUDUSD Long idea Overall we are very bullish on all significant timeframes. Current price action is in a wide ascending channel and we will continue to look for long opportunities. For the best potential trade opportunity we want to see a break and retest of 0.71900 with a confirmed higher low above. Target higher toward significant resistance levels. If we...
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...
DXY Long Idea USD has been very bullish over the last two months. We anticipated the 100.00 area to be tested where we could see some bears start to step in and drive price lower. If this is a confirmed reversal we could see a significant retracement to our monthly level or any prz level before the trend continues with the overall bullish sentiment.