Also on my watchlist is EURGBP for potential bullish reversal opportunities.
We can see after a strong bearish impulse phase, price falls into a larger, deeper correction.
With few evenly swing highs and lows, a parallel channel correction is formed.
These larger correction tends to be more neutral, and doesn't necessary have to continue that...
As I am bearish on the USD overall, and expecting further weakness in the USD pairs overall.
Here on NZDUSD, we can see price had a strong bullish impulse move up, and price falls into a larger, higher time frame correctional structure.
With a few swings highs and lows, it validates a structure here that can be a continuation correction for...
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
EURUSD: 2 positions running for +4% profit
BITCOIN broke a rising support line
And as everyone was expecting a correction
I think that now is the time for it to happen
As many are taking profit near the all-time-highs
The target not that far below, though
As I am still bullish overall
Like, comment and subscribe to boost your trading!
Please support this idea with a LIKE and COMMENT if you find it useful.
Price in strong supply zone that hasn't been tested since October 2015. Due for correction on weekly and bullish strength appears to be weakening at weekly/daily resistance.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
Bitcoin lost more than $7,000 in a few days and dipped below $60,000.
Ethereum also went down hard after failing to chart a new ATH.
Following the past several days of surging higher and higher,
BTC corrected hard in the past 24 hours and even dipped below $60,000 briefly.
Most altcoins followed suit, and the entire market cap lost more than $150 billion...
Looking at ADA's current price action for another impulse phase to push the price higher.
We can see from the previous impulse phase that broke the all high, is follow by a consolidation correction.
This is what we generally want to see if price will continue the previous bull run.
Latest development shows signs of a bullish correction on the...
Many have asked me to do another in depth breakdown on the USD pairs.
Personally my bias and view is more weakness to come on them.
So I will break down all the potential USD pairs that are developing nicely for some opportunities.
Currently in EURUSD Long and watching out for other pairs as...
GBPNZD is also on my watchlist for potential bearish continuation opportunities.
We can see that the higher time frame has formed into a larger parallel channel structure after the strong impulse phase.
Naturally price will correcting within, and good to be patient here to wait for bearish confirmation.
Latest development shows a lower time...
Here on AUDUSD, we can see a clear inverse Head and Shoulder pattern in development.
After price has strong bearish phase down from the left shoulder correction, we did not see further bearish downside continuations.
Instead, what we see is a reversal impulse phase, this is a first sign and clue from the price that the bearish momentum could be...
Hello to all
Guys, be very careful, we are in the correction phase, I think we should have a correction to the blue curve that I drew in the chart, and then we should think about long-term buying, so for now, think about selling in the upcoming opportunities. With Bitcoin reaching the $ 54,000 range, we can think about buying as soon as we see confirmation of the...
Looking at Silver here for the bullish long term outlook.
From my previous analysis, I mentioned a downside from the price to the previous lows on the higher time frame would be ideal to lead to a long term buy.
Finally, we see price correctively move down to the HTF lows within a descending channel, a potential double bottoms as well.
Been quite busy these days and not much time to write out analysis, mostly doing the live stream as a way to share outlook and forecast.
Here on EURUSD, its nice to start seeing potential bullish opportunity once again.
From my previous buy forecast, price indeed had the bullish up move, but didn't continue further, instead it had some...
Lets take a look at Tesla's overall price action.
We see price has manage to push up to all time high around $900, then fall down significantly.
However, the latest price action started to form into a bullish structure that we are familiar with.
A double bottoms, triangle like correction is giving us a higher probability to see it as a...
Also eyeing USDCHF for bearish downside price action.
We can see price formed into an ascending channel, correcting the price up.
At the top, a Head and Shoulder pattern has formed, and reversed the price down, good indication of a bearish reversal price action.
Latest development shows price broke out of the ascending channel, and formed a...
USOIL is not a easy one to trade this week.
But it is showing sort of sign of ending correction soon.
This correction could be a double test of the support and rise up to breakout to test fibo 1.27, 86.30later.
Or it is possible to make a double top on 4h chart to make a deeper correction down to next support level before rising up again....
Looking at the USDCAD's price action for potential further downside opportunity.
We can see after price has hit the higher time frame double tops, it corrects into an ascending structure, which is a possible indication of a reversal price action.
We then indeed see a strong bearish impulse phase happen, and price pushed down aggressively.
Finally we are seeing some bullish price action on the lower time frame of EURUSD.
WE can see that price has reach both the higher time frame and both lower time frame's bottoms.
A HTF double bottoms, bottom of the HTF parallel structure, bottom of the LTF expanding structure, and bottom LTF descending channel has all been reached.
This is a...