It is in 5th of 5th of 5th wave started from the 13855 and can go up to 15500 level before it correct the whole move started last year. As long as it stays above mentioned level, it is bullish, but if it breaks below that level, then it may become bearish and can fall sharply.
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: Running +2% profit Full analysis/forecast: USDJPY: Running +3% profit Full analysis/forecast: SILVER: First Trade -1% loss Second Trade running +1%...
Hi traders: Closely looking at AUDCAD for the bullish reversal price action. We can see after a strong bearish impulse down from my previous outlook, price begin to form a parallel channel structure. Wee see price manage to form one more correction and push down, but failed to continue lower with any continuation corrections. Instead, a false breakdown, and...
Hi everyone: From my previous EU analysis, price formed a falling wedge, broke out but failed to continue higher. However, now the price has evolve its structure into a descending channel, and hit a previous lows for a potential double bottom reversal. Latest lower time frame has also good bullish reversal price action, smaller descending channel follow by...
Hi traders: Liking USDJPY's current price action for the potential sell. We can see after an impulse breakdown from the ascending channel, price begin to consolidate. There are a few swing highs and lows, and price isnt getting moving away from its current structure. However the latest price development, as price formed a clear recent double tops, and a...
Hello traders: Let's take a closer look into GOLD and SILVER. As we have seen some strong bearish moves from market opens this week, let's take a look at it from a technical, price action point of view. GOLD From my previous outlook on GOLD: Price indeed made a push down to the swing lows, which could be forming double bottoms. What we need to watch out...
Hi traders: Here on ADAUSD, we can see some noticeable bullish price action in the making. After the bearish move down across the crypto market, price begin to correct and form a HTF structure. We can see price made several attempt to break below the $1 mark, but fail to continue lower. When then see a clear double bottoms within the HTF structure, and a...
Hi traders: Looking at NZDCHF's price action from higher time frame, we see a clear bullish up move, and now price has form into this deep, flag/channel correctional structure. Price continue to correct, and moving side way in the consolidation phrase. But now, looking at the latest price action on the lower time frame, we are still smaller descending...
Hello everyone: Also paying close attention to BTC, as the price has completed a reversal correctional structure, and could expect the resume of the next bullish phrase. After the price dropped from the rising wedge reversal at the top, price begin to consolidate. At the time I mentioned to everyone to be patient here as price is going to likely form a period...
Hi traders: From my previous ETH analysis, price indeed broke out of the HTF reversal structure, and continuation to the upside. This is good indication of a bullish price action and continuations, as long as we can see some sort of bullish correctional structure to form. Latest price had a clear break above the previous high, and now is start to...
Nifty index is done what expected as in earlier update and now it is forming 4th subwave of 5th wave and will be ready for new high on next two trading session. It can either end the current cycle as 5th wave or it can even extend it by further subdividing more upside, which will depends up on the next degree correction. The current target will be 16400-16500 zone...
Hi everyone: Also looking at GBPUSD for further upside moves. Similar like most of the USD pairs, we are seeing a decline in USD strength, and after the FOMC news, all of the USD pairs had strong reversals. Now looking at the price action on GBPUSD, price originally had a bearish impulse down, but failed to continue after breaking the previous lows. An...
Hello traders: Finally are seeing some goof bullish price action across the cryptos, and LTC is looking good for the bullish reversals. We can see after the bearish impulse down, price begin to form into this descending like structure, correcting the price. The latest price formed a double bottom, and a strong bullish impulse breaking out of the...
Hi everyone: Also watching out for MATIC for the bullish reversals We can see after the crypto crashed, the price has formed a falling wedge correction, and correctively moved down. The smaller descending channel within the wedge, ended up reversing the price up, breaking above the falling wedge. Good sign of a bullish reversal price action in the making....
Hello traders: Looking at AUDCHF price action for the buy potential. WE can see that from the previous HTF continuations, price has impulsively break up to the upside. Naturally, after a strong bullish run, price needs to correct, and we are seeing a deep, HTF bullish flag/parallel channel in the making. Latest price action had a descending channel, t the...
Hi traders: As we can see price is currently at the top of the overall price action, and we are getting some bearish consolidations and structures. How the price gets there is very important, we see the HTF parallel channel which started to form after a strong bearish move down. Within this correctional phase, we can spot some bearish reversal structures....
Hi traders: Watching closely to EURAUD's bearish price action. We can see after a sharp bearish impulse phase on the higher time frames, market begin to correct within the larger parallel channel. Latest price has an ascending channel within the larger correction, and a reversal price action at the top, bearish momentum coming in now. Wait for confirmed...
It is in 5th wave and expected to go for one more high after a three wave corrective pull back of internal degree. The target zone will be above 500 level.