Hello everyone:
Similar like NZDUSD, we can see here on NZDCAD has very similar bullish reversal price action on the higher time frame.
Price is currently in the large, descending structure, correcting the price down.
With multiple swing highs and lows, we can tell this is the correctional phase of the market condition.
Latest development give us a lower...
Hi everyone:
AUDCHF has good bullish price action that can lead to another buying opportunity.
WE can see from the initial impulse phase that leads into a continuation correction.
From the continuation correction there is a confirmed impulse up, out of the correction. Good signs of more bullish momentum.
Now that we can see price has also formed a lower...
Hello traders:
Here on NZDUSD, price is once again at the bottom of structure, and forming possible reversal price action.
From the higher time frame, we can see strong bullish impulse up to reverse the COVID sell off,
and price begin to form into the flag/descending channel structure.
On the lower time frame we are seeing the correction continue to develop,...
Hello everyone:
AUDUSD has started to form some bullish price action on the lower time frame,
and we could potentially see some upside move very soon.
Start from the higher time frame, after the COVID sell off, we see a strong bullish impulse up move form the price.
Naturally price will need to correct to continue, so we see a larger, flag/descending...
We were expecting a reaction of the sell area but right now, it looks like this move doesn't have enough strength.
That's why it's probably best to stay away from trading the EURUSD.
It's more likely that we will see a drop to around 1,0540 followed by another move up later before the actual trend reversal on H1.
As of right now, it's best to wait for a better...
When price moves from A to B, it rarely moves in a straight line.
To get from A to B, price moves in that direction, retraces a little, then moves in that direction again.
Why does that happen ?
1. Natural supply / demand dynamics
The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The...
USDJPY
Intraday - We look to Buy at 126.05 (stop at 125.50)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bespoke support is located at 126.00. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore,...
Hello traders:
AUDJPY is showing more downside possibility, and we can certainly expect more JPY pairs to gain strength.
From the higher time frame, price formed double tops, H and S pattern and strong bearish reversal down.
On the lower time frame, price start to develop more bearish price action, with impulses follow by corrections downward. Good signs...
Hi traders:
EURJPY has also developed nice bearish price action from higher and lower time frames.
Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs.
Instead, we see a H and S reversal structure, and on the lower time frame, strong bearish impulse broke below the lows.
Latest...
The dollar had made an impulsive move up and formed a correction, long dxy.
Price target is double top.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Hello traders:
GBPJPY has show good bearish price action since end of April, and we could potentially see more bearish downside.
From the HTF we can see the overall price has hit a top of a higher time frame structure, and signs of bearish reversal move down.
On the lower time frame, a Head and Shoulder pattern has formed, price impulse down, broke previous...
Hi traders:
Also on watch is NZDJPY which has been pushing down aggressively from the top.
From the higher time frame we can see clean double tops, expanding structure, and price indeed reverse down from the top of structure.
Here on the lower time frame, price formed that double tops, ascending channel, and strong bearish impulse down.
With a few impulses...
Hello everyone:
Closely watching SILVER for the higher time frame long term bullish upside.
We can see from the yearly perspective, price continue to correct after the strong bullish impulse phase after COVID crashed.
We can see a large, correctional structure has developed, with multiple swing highs and lows.
on the lower time frame, we also see a triple...
Hello traders, today we will talk about USDCHF pair. We will show you price action from technical point of view and wave structure from Elliott wave perspective.
USDCHF came higher very aggressively back in April and at the start of May, but after recent slow down for the US dollar, we can see USD is the weakest against CHF currency. So, USDCHF pair can be now...
Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 15th- May 20th.
EURJPY: Out for BE
Full analysis/forecast:
SILVER: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow...
Hey Traders, looks like NZDCHF will be pushing up soon, why are we expecting this up wave?
A complex corrective structure is completed and market is ready to push up.
So, should you jump in? No, wait for your buy setup and you go for the buy. What if market continue the fall? We will not enter before we get our buy setups.
What if you are already in the sell?...
weve had a very impulsive move up from the corona lows, and were now experiencing the correction that everyone knew was coming. now that everyone 'knows' were in hot water and is wondering how hot it can get panic selling should lead to volatility drying up. we may just get that impulsive move back up from here.
Ross Stores
Short Term - We look to Buy at 62.32 (stop at 53.59)
This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher...
