Hello traders: Similar bearish price on NZDJPY, as we have the same expanding structure that hits the higher time frame double tops. Price failed to continue higher, instead, bearish reversal price action on the lower time frames. We see a clear bearish impulse phase down, now there is lower time frame consolidation, good signs of further bearish...
Hello everyone: Last JPY pair on my watch is AUDJPY which is also showing signs of bearish reversal development. After the price has hit the higher time frame highs, no bullish continuations. Instead, price reverse down with bearish price action on the lower time frames. Lower low, lower high to push the price down, and finally a strong impulse phase to...
Hello traders: Few of the JPY pairs I was originally looking at had some bullish development few days ago, but in the last day or so have develop more into some reversal bearish price action. Here on USDJPY, we can see price has formed into a nice Head and Shoulder Pattern at the top of the current price action. A previous swing high, double top as well to...
Hello traders: We can see GBPJPY's price is currently at the bottom of the overall HTF expanding structure. How price is developing at the bottom is the key to identify and confirm the possible bullish price action. We can now see a potential double bottoms, and a descending channel, good signs of the bullish reversals. Best to wait for price to commit to...
Hello traders: Few weeks ago I was more looking at AUDUSD to continue the bearish trend to the downside. However once it hits the higher time frame previous lows, price failed to continue lower. Instead a bullish reversal impulse phase up on the lower time frame, and formed into a inverse Head and Shoulder reversal. Good signs of bullish price action. We...
Hi traders: Similar like AUDUSD, here on AUDJPY its showing us the same reversal price action. After hitting the previous lows, no further downside from the price, instead a sharp bullish reversal impulse up. We can now see an inverse Head and Shoulder developed, and currently forming the right shoulder. Same approach to look for confirmation would be waiting...
Hi everyone: Few weeks ago I was more looking at the JPY pairs to continue its strength and bearish move. Instead last week we slowly see some reversal development across the market. To be what I see now on CADJPY is price did not continue after having a strong bearish impulse on the lower time frame. The correction that I thought would be bearish...
Hello traders: Also seeing further strength from NZD pairs as most are show clean signs of reversal price action. Here on GBPNZD, after price hits a previous swing highs as a potential double tops, we see a "M" style pattern reversal as well as a rising wedge reversal structure. All these are good indication of a bearish reversal in the making Latest...
Hi traders: After an exhausted bearish price, it seems to me now most AUD, NZD pairs are looking to have reversals in the market. We can see a possible HTF swing lows, and price on the lower time frames formed into a descending channel reversal. All good bullish price action in the making. Good to look for bullish continuation correction for the the next move...
Hi traders: After the bearish drop from last Friday, originally I was more looking at some bearish possibility and further downside. However, over the weekend price slowly recovers and many coin ended up forming bullish price action and begin its bullish reversals On SOLANA here, price is still in the larger, higher time frame correction. A recent double...
Hello everyone: 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. USDCAD: 2 positions closed down for +1.16% profit Full analysis/forecast: NZDCHF: 2 positions closed down for -1% loss Full analysis/forecast: NZDUSD: -1%...
Hello traders: USD seem to be exhausted and many of the USD pairs are looking to lose strength across Here on USDCAD price failed to form bullish continuation after breaking previous highs, instead an ascending channel reversal was formed. It then was follow by a bearish impulse on the lower time frame, and breaking out of the ascending channel now. Good...
Hello traders: GBPUSD is currently in the descending channel on the lower time frame, as while as in the larger descending structure on the higher time frame. These are good bullish reversal price action that we are familiar with. We can see there is some bullish move developing on the lower time frame already. Be on the look out for bullish continuation...
Hi traders: 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...
Corrective structure formed after the bearish impulsive break of the ascending channel.
Seems like ICP might be entering an accumulation phase as long as it holds $30. Momentum is rising but with accumulation failing, the price might stabilize or correct a little. I believe a breakout over $60, holding it as support should bring it to a trajectory $200+ Overview of chart: -Momentum flowing to the upside while price is stabilizing -Might be at the...
Hi everyone: Tesla broke all time highs and hits $1000. In June I posted and mentioned about the next bullish impulse phase is likely to happen once a continuation correction is finished. Price indeed impulse up after, and now it above all time highs. This is good for further upside potential. What the market is likely to do now is fall into another...
Hello traders: Most of the JPY pairs continue its bearish momentum, and further lower time frame development will give us confirmation for another downside opportunity. We can see price is now forming into a larger, higher time frame expanding structure. These type of correction can be more tricky and advance as they can be both continuation and reversal....