Hi Guys, this looks like a nice sell setup if it starts breaking the trendline aggressively. It is possible that it could go all the way to the downside. Trade with care
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. GBPJPY: Exit for +3.12% profit Full analysis/forecast: NASDAQ: Exit for +2% profit Full analysis/forecast: EURAUD First Entry: BE Second Entry: -1%...
Hello traders: 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 traders! Today we will talk about NZDJPY pair, its price action from technical point of view and wave structure from Elliott wave perspective. As you can see NZDJPY is trading bullish, ideally within a five-wave impulse from the March 2020 lows, mainly because of current slow price action and corrective wave structure with perfect support at the 50% Fibo....
Hi Guys, EURAUD is completing a corrective structure and it seems like it will make an impulse to the downside. Watch and wait for lower timeframe flag before selling. Trade with care !
Hi everyone: Many have asked me about the Japanese JPY pairs outlook and forecast, as we can see they are surely gaining strength across the market. I am personally live in some of the sell and looking to hold the trade as well as scale in on additional trades as well. Now let's take a look at the pairs that I am currently in, and as well other JPY pairs from...
Hello traders: SOL has been on a massive bullish up move, they question is can we still get continuation up move ? We can see after the strong bullish impulse up, price naturally needs to correct and consolidate, which is what we see here. A bullish flag/channel correction in the making, which gives us bullish bias for continuation price action. Latest price...
Hi everyone: Here on GBPJPY, from the higher time frame, price is currenting developing the right shoulder of the H & S pattern. We can then see on the lower time frame, price is in a larger expanding structure, correcting the price with a few swing highs and lows. A lower time frame ascending channel pushing up the price, and a sharp reversal impulse down....
Hi traders: Similar like EURJPY, I do see some good bearish confluence for possible selling opportunity. We can see price has reverse from the top of the higher time frame structure, and a strong impulse phase to push down the price. Naturally after an impulse phase, price falls into a corrective phase. This time its creating an expanding structure. To...
Hi traders: AUDNZD is in a larger descending structure, and the price is consolidating at a potential double bottoms on the higher time frame. We can see price has made several swing highs and lows within the descending structure, potentially completing this correction. Within the structure we can also identify the LTF descending channel as well, and now that...
Hi traders: Similar like few of the JPY pairs that I have posted, CADJPY is once again shaping up for the sell. from my previous CADJPY analysis, the price did impulse down aggressively, , but did not continue further after hitting the lows. Price then reverse up to correct into an ascending channel reversal. This is an indication price is once again...
Hi traders: Similar like my previous 2 analysis on the other US indices, I do also see DOW is shaping up for the bearish price action. On the higher time frames, price has formed a larger ascending structure, correcting the price up. As we know ascending structures are reversal in nature. So the bias is to look for potential selling price action development....
expecting upside as 5th wave up after small downside below 1405, then expected a new high as 5th up before next correction
expecting ABC zigzag as the part of (B) wave up - small upside followed by pull back as B and then one more push higher to finish C of (B)
Hello traders: Very similar price action development like SPX, here on NASDAQ its forming similar structures that could lead to the bearish move we have been patiently waiting for. We can see price has been correcting in the al a larger ascending structure for quite sometimes now. Very similar like previous price action before Covid drop. Latest price has a...
Hi everyone: Its always a good idea to have our weekly outlook on the market so we can prepare for any kind of development. Here on SPX, the previous 2 analysis I had all had the lower time frame bearish move down, but just wasn't ready to continue its bearish impulse phase further. As price reverse up correctively and continue to develop the current price...
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. USDJPY: First Entry: +1% profit. Second Entry: Running about -0.5% loss Full analysis/forecast: EURJPY: First Entry - 1% loss Second entry -Running about +3%...
Hello everyone: Also eyeing USDJPY for the JPY strengths in the market. From my previous analysis at the top of the expanding structure, price did impulse down very aggressively. After a strong impulse down, price begin its corrective phase, and we are getting this parallels channel structure, as price continues to correct within. The more swing highs and...