Hello traders: 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...
Hi traders: 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. Now...
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. SILVER: Running Position Full analysis/forecast: UKOIL: Out for +0.40% profit Full analysis/forecast: EURGBP: -1.00% loss Full analysis/forecast: US30(DOW):...
PFE has been following the highs and lows on this bullish run with last bullish run to a T. Some of my most successful plays have been from finding these patterns and trading them. On top of that, the correction on PFE pulled back to the 78 fib line which is very healthy after a big run like it had. I am still very bullish on the next month for PFE and am...
Hi traders Similar across the NZD pairs, NZDCHF is also showing good signs of bullish price action. We can see price has already completed a higher time frame continuation correction. Price indeed push higher, and formed a smaller, lower time frame correction as well Latest development shows yet another impulse phase on the LTF, follow by another...
Quick update on the previous post that got stopped out ~60k on Oct. 27 We may be on an impulse wave 3 uptrend to 70k, but a breakout is not confirmed given the fact that: Price is still in downward parallel channel Hull MA hasn't crossed over to green Price hasn't crossed over the bearish trend of the Hull MA MACD hasn't crossed over yet Once at least...
The price is below the Major Resistance Level. Bearish Harmonic Pattern has been completed. Consider the development of the South Impulse. First target is - POC. USDJPY - SHORT ENTRY PRICE - 114.200 SL - 114.700 TP1 - 113.700 (Breakeven) TP2 - 112.100 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position...
📈 Spot Trade: Long HYDRA ⚠️ SL: ~11.874~ 🏅 TP: ~32.344~ ⏳ Time aprox: - 10-20 dias 💂🏻If you agree this Trade hit the like button. 💂🏻Si estas de acuerdo deja tu like.
Hello traders! USDCAD came nicely down on the 4-hour chart with extended and strong drop from 1.2774, which has characteristics of wave 3 rather than C as the pair also moves very close to the typical 161.8% extension level. As such, we are aware of more weakness after the current consolidation that looks like wave 4, which can be a triangle or maybe more complex...
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. I have mostly losing trades this week and the end of the month. Definitely not hiding it and acknowledge the losing month of this year. Certainly have room for...
Hi Guys, keep an eye on Dollar Index moves to the upside were great but the move to the downside has a nice potential so keep an eye on it and get in when it will give us a nice sell setup on lower time frame to confirm the move. Thank you for your support
Hello everyone: 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...
Hello everyone: 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...
Welcome back! 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! - BKH
Hi Guys, GBPCHF has completed a running flat so we will watch for continuations to the downside. Watch and wait for lower time frame flag to confirm the sell. Thank you for your support.
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. EURUSD: 2 positions running for +4% profit Full analysis/forecast: SILVER: 2 positions running for + 5% profit Full analysis/forecast: Any questions, comments...
Hello everyone: 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...
Hi everyone: 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...