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.
It is correcting 4th subwave of 5th of 5th wave and will be expected as flat or triangle correction before it finally give one more high towards the target zone of 15490.
Hi traders: BNB also caught my eye for the potential up move. We can see after price initially made the bearish move down, it begin to form a bigger correctional structure. As we can see price is getting squeeze into this triangle/pennant like structure, with a few swing highs and lows. What is important here is to determine is is going to be a continuation...
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 about +0.5% profit Full analysis/forecast: USDJPY: Out for +0.51% profit Full analysis/forecast: ETHEREUM: Out for BE Full...
Close to earnings, TSLA is sitting on a very good cluster. It's not just the nice 1:2.6 consolidation, TSLA is also hitting the MA 200,100,50,20, Fib 50, tight BBs looks good to me. The chance of a new bullish move is probably high if we get new momentum after earnings. If i see more then 1 rel. volume i like the trade more. Looking at the weekly view, we can...
We have nice impulse and correction like a flag. If today this bar close like bearish engulfing from 50% Fibonacci level I will place Pending order below the flag. If this happend expect for long term to go down to 0.70350 Good luck!
Hi everyone Similar like my previous analysis on DXY and EURUSD, I also see strong bullish opportunities on NZDUSD. We can see price made a strong bullish impulse on the HTF, and begin to form into a deeper correction. Price made a few swing highs and lows to form the bigger HTF structure. The LTF in addition is also forming bullish price action. We see a...
Hi everyone: NIKE has been on my long term investment since the Covid recovery price action, and still looking clean for further up move. We can see the overall price has been in a bullish up trend since the Covid drop. Price was able to have a bullish reversal impulse up, breaking above all time highs, and formed continuation correction, which is where I...
Hi traders: Looking at DXY here to get a better picture of how the USD may develop into the next few weeks. We can see from the previous descending channel and my outlook, we have a strong bullish impulse, reversal from the descending channel. After the strong bullish up move, price begin to form into another correctional structure. This time its getting...
Hi everyone: Similar like my DXY outlook of the overall USD price action, we can expect the move to be very similar on EURUSD in the up coming days. What we are seeing here is a nice HTF bullish structure now with few swing highs and lows to give us a bullish bias point of view. LTF development is showing us a sign of a bullish reversal price action. A nice...
We are long on AKRO, on the daily timeframe since breaking the bearish trend market has provided us with a correction to 0.50 fib. On the 4hr timeframe price has just broke above this area of resistance and formed a new 4hr higher high we entered a small risk long on the retest of the previous resistance turned support. TP is the -0.272 fib.
Some over analysis. I get so many strategies colliding into each other I end up with no clear trade signals. Something that I can't do very well, but I can at least talk about, is the need to take a very simple strategy, then apply fine tuning onto it. When I am rushing into trades (because I want to get it over with) I take several major strategies and collide...
Hello everyone: Most of the crypto had some strong bullish price action last couple days, and many are looking to buy and hold for long terms. While this is certainly a possibility, let me give a 2 possible outlook on the current price action, and explain why this is the time to be extra patient here and observe the price. The bullish outlook, as most people...
Hi traders: Mot of the cryptos are showing some potential bullish price action, and do expect some short term buying opportunities. Here on DOGE, we can see a clear double bottoms, where price correctively move to within a descending structure. Liking the bullish momentum the price has, I would wait for a clear breakout from the descending channel, and a...
Hi traders: Also looking at ETH for the short term up move. WE can see that price manages to move down correctively once again in a descending structure, hitting a double bottom. The HTF structure is looking to complete with a few swing highs and lows. Latest price on the LTF has a strong impulse move breaking out of the descending structure. Look out for a...
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. NASDAQ: +1.83% Full analysis/forecast: USDJPY: +1.50% Full analysis/forecast: CHFJPY: +1.60% Full analysis/forecast: EURAUD: -1.00% Full...
It is in 4th of 5th of 5th wave and form small corrective price action before it go for new high towards 1670 level.