Similar like what I point out in GBPUSD, we can see EURUSD is also showing signs of possible bearish price action.
Last week we we ended up see some short term bullish up move during mid week, breaking above the previous structure, and was looking like it will continue higher.
Instead, what ended up with a bull trap, where price broke up, but no...
Here on GBPUSD, we can see price initially pushed up from the descending channel that I originally forecasted in the previous idea.
Price has now hit the previous swing highs, and at one point was looking like it will breakout and continue upside.
However, at the top of the price action, instead of bullish continuation on the lower time frame,...
What is your current view on the USD ?
There seems to be an fairly equal amount of buyer and seller point of view and bias on whether the USD will continue gain strength or possible reverse and become weak.
Many different opinions, different view points based on fundamental, technical and more.
All could have their good valid points. So, lets...
Lets take a detail look into and what could be some possible development in the coming weeks.
From my previous analysis we can see price did push down to the lows of the higher time frame structure, but just didn't continue the bearish move.
Instead, we then see some bullish impulse phase reversing up.
In the last 2 weeks or so I have been...
Expecting more downside on EU.
Weekly Time frame -
Structure is bearish making LL & LH
Rejected the descending trend line & 61.8% Fibonacci
Looks like the end of wave 4
Daily time frame -
Price action is in a correction after an impulse to the downside
ABC correction of wave 4
Price did break out of the descending trend line temporarily but closed...
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.
NZDJPY: Running about +2.5%
EURGBP is at the bottom of the higher time frame structure, and there could be opportunity of a bullish reversal.
We can see price has mostly been correcting within the larger HTF descending structure.
Every time when price hits the bottom, if there's reversal correction on the lower time frame,
we do indeed see the bullish reversal impulse...
Also on my watchlist for short term crypto bearish move is MATIC.
We can see a clear, higher time frame double tops,
and price move up to the highs correctively within the ascending structure.
After hitting the ATHs. no bullish continuations,
instead, a bearish reversal from the top.
Now that price is pushing down impulsively, watch for the...
The price has reached Supply Zone. A Bearish Harmonic Pattern has been formed. Strong Sell!
UKOIL - SHORT
ENTRY PRICE - 85.35
SL - 87.30
TP1 - 79.30
TP2 - 74.60
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
GOLD hasn't been on my watch lately, as I thought price hasn't develop anything that would fit my plan to enter.
Now, the recent development is interesting and we could potentially get some bearish bias in the market that can confirm downside.
What we are seeing here is some pattern separation of the price.
After the initial bullish up move,...
Hello trader :)
Here we are in 2022. Very happy to be here once again to start putting out analysis and forecast.
All my family is safe and sound and happy to include one more member in our family.
First post of 2022, lets get start with AUDUSD.
We can see after price made a strong bearish impulse down, price begin to fall into a correction.
It slowly move...
Just like the previous analysis I share on NZDJPY, AUDUSD, they are have the similar bearish development.
Here on AUDJPY, we can see a clear higher time frame Head and Shoulder Pattern.
Price formed the Top of the Head, and strong bearish impulse phase down.
Naturally after a strong move, price begin to correct and form into an ascending...
Here on S & P 500, we can see price is at the top of the overall higher time frame structure.
This consolidation has been going on for quite sometimes, and many often when price hits the highs, we often see reversal of bearish price action.
Now as we can see on the lower time frame, there is bearish reversal development within the HTF...
As my bias on the AUD and NZD pairs are weakness in them, here on AUDNZD would be interested to see how this pair will develop.
IF both AUD and NZD are bearish, how likely will the direction goes ?
To me, best to look at the price action development to confirm
Here on AUDNZD, we can see a strong bearish impulse down,
and now we can see a...
Expecting the same development here on NZDJPY.
Very similar price action as NZDUSD that I posted earlier.
Same bearish momentum pushing the price down after a strong bearish impulse, and has now formed the bearish ascending channel reversal at the top.
We can see price isn't pushing higher, nor any bullish price action developed. Instead its...
EURUSD has move down for quite a while now, and finally we can see some bullish reversal price action in the making.
After hitting the previous swing lows on the higher time frame,
price formed into a descending channel and a strong bullish impulse up on the lower time frame.
Latest development give us a nice bullish flag correction, and as well...
Looking like the the crypto market are showing signs of bearish price action on the lower time frames.
Here on XLM, we can see that after the previous higher time frame bearish impulse down, we have a larger bearish structure developed.
WE then see a another bearish impulse down out of the structure, good signs of further downside...
had some time in the morning to scan through the charts for this last week of 2021.
Although I personally wont be actively trading or entering any positions,
there are some opportunities that are potentially shaping up. Will share some screenshots of what I am looking at below.
I did see in my group discussion chat room from last week that some...