Similar like AUDJPY, we are seeing similar price action here on CADJPY.
Price made a false breakout of the HTF double tops area, and quickly reverse impulse down.
This is a good indication of the market trapping buyers, and we can expect the next bearish push down from the price.
Look for any LTF corrections to get in on this bearish reversal...
We have been seeing AUDJPY is in a bullish price action, pushing the price up.
Latest price has a fake break out of the previous HTF double tops, but quickly see a bearish reversal impulse down.
I would wait for a continuation, right shoulder to development and look for further downside.
Once again we are looking at USDCAD for some potential bullish reversal price action.
Price begin this HTF descending channel once it reaches the HTF double bottoms area. This is a good sign that we may see bullish price action eventually.
Latest price also give us a LTF descending channel, correcting within the larger structure.
Looking at USDMXN here for USD strength to come in.
WE see price has been in this parallel channel structure for quiet sometimes now,.
LTF had a initial push up, follow by a correction to breakout of the HTF channel.
Now that price has manage to break out, I would look for LTF continuations now to get in on this bullish continuation buys to the...
EURNZD has been dropping very hard since October last year. We see bearish price action to continue pushing the price down.
However, in the latest price action, we see a descending channel has been form, correcting the price to a HTF double bottoms.
This could be the first sign of the bearish momentum may be exhausted, and bullish price action...
Looking at USDCHF here for the bearish price action to continue.
We see price has already made the impulse down, and begin to form a channel/flag correction.
Price continue to correct within the structure, and we see a recent double tops, before some bearish price action happened in the LTF.
Look for further bearish continuations correction to...
Looking at XPT for long term continuation buys.
We see price has already reverse up impulsively from the previous bearish move down due Covid.
Latest price has already broke above the previous swing highs impulsively, good signs for further bullish momentum.
Wait for LTF continuation correction to form nd complete and look for the buys
Most of the AUD pairs are bullish, and I like AUDCAD's price action that broke the previous higher time frame swing highs with a continuation price action.
We can see price formed a flag like structure to push up the price from previous highs and continue higher with TF impulse.
Latest price is showing us LTF consolidation again, good indication...
Looking at GOLD now for bullish price action opportunities.
I have been looking at GOLD for quite sometimes now, and waiting patiently for a HTF correction completion.
The current flag/channel correction seem to find a double bottoms, and we see bullish impulse phrase on the LTF.
The latest price is also in a descending channel structure,...
I am paying close attention to GBPUSD now to look for the bearish reversal price action.
Looking at the higher time frame, we can see the price has been in this larger, deeper ascending channel, correcting the price.
For a period of time the price is somewhat erratic and no structure is formed.
However, the latest price action shows us...
Price formed a wedge after coming from an impulsive leg, we broke out of the wedge impulsively and formed a double bottom structure confirmation continuation to the upside.
Looking to take this one up.
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As you can see on the chart, price is currently in a downtrend. Price has left the supply zone at 1.55800 where it turned support to resistance.
Therefore, I expect price to short to the previous support at 1.52400 before retracing upward to 1.55800. Watch out🔥🔥
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I am also seeing good bearish opportunities on GBPAUD for continuation bearish price action.
We see price had a strong HTF impulse down, and begin to form a larger, deeper expanding structure.
Latest price shows a LTF impulse phrase, and followed by a potential continuation structure in the making.
Expect further bearish correction will form...
NASDAQ also has great bearish price action forming on the LTF.
Similar like other indices, price has been correcting in the HTF ascending structure.
We see LTF also has a ascending channel, pairing with a head and Shoulder pattern.
These are good bearish confluence for us to look for potential see setups.
Latest price shows a potential...
Looking out for the indices to have a bearish move this week.
We see price has been correcting in the HTF ascending structure for quite sometimes now. I
Latest LTF price shows us a Head and Shoulder pattern, at top of the overall price action, good indications that we may get the bearish momentum to come in.
Look for further downside...
Welcome back to my weekly trading recap video. This week I entered just 1 trade, closed down 1 trade and I still have 2 BTC positions open. Let's take a look into it.
GBPNZD - Been talking about it last couple days in the live stream market updates, was waiting for more development. Finally LTF gave me enough confluence to set a stop entry...