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EURGBP 1h Analysis September 14, 2021The market is forming a pattern called a descending flag which is a sign of reversal after a bearish movement. Now we could see a bounce from the support line before it breaks the resistance line. Or because of high volume it could break above easily then enter long after a retest.
CADJPY 1h Analysis September 14th, 2021The price has been moving sideways and for us to get in we do have 2 possible scenarios to play out. Scenario 1 a break above the resistance and enter long after a retest. Scenario 2 is the break below and enter short after a retest. Be patient waiting for the breakout because we are prepared either way the market could go.
GBPUSD 1h Analysis September 13th, 2021The market is still bullish but we are currently trading at a support level and we do have 2 possible scenarios that could play out. Scenario 1 is the rejection of the support and continue to be bullish. Scenario 2 is a break below the support and enter short after a retest.
US30 Daily Analysis September 12th, 2021US30 Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: All timeframes are mainly bullish but we’re seeing what looks like an attempt at a 4hour transition.
We saw rejection around 35000.00 and current bearish setups are confirming a reversal. From here we’re looking for a lower high below 35000.00 with strong bearish setups to enter short on.
Trade scenario 2: For us to consider US30 bullish we would need a 4hour transition. Ideally, a break above 35000.00 with a higher low.
XAUUSD 4hour Analysis September 12th, 2021Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish again but we need to be patient as we’ve seen gold range for a while.
For us to enter short we need this recent lower high to follow through with strong bearish setups. We’ll look to enter on strong bearish confirmations that break minor support or on a confirmed retest of 1787.00
Trade scenario 2: To consider gold bullish again we would need to see a 4hour transition but keep in mind price action would be right back in the range between 1800 & 1825.
EURJPY 4hour Analysis September 12th, 2021EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We’re looking full bearish now! We just saw a perfect lower high right after a break of 130.000.
We can find some lower timeframe entries now or in the next few hours if price action pullsback again.
Trade scenario 2: For us to consider EJ bullish we ideally need to see a break above 130.000 with a higher low above.
We’ll look to enter long after we see bullish confirmations following the higher low.
AUDJPY 4hour Analysis September 12th, 2021AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We’re seeing some strong bearish volume stepping in here and we officially have a 4hour transition with the confirmation of a lower high.
From here we’re looking for support at 80.750 to break with a lower high below. We have a lot of room to fall if this level breaks so be patient.
Trade scenario 2: For us to consider AJ bullish we would ideally need to see a higher low above 81.400 with strong bullish setups.
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.
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