It is in 3rd of 5th of 5th wave and above 12302, it is remain bullish for target zone aove 13580 or higher level. But once it break the uptrending channel and fall below 12302, it is turning choppy to bearish for correction.
Just did some research on patterns. GJ looked like something just didn't know what on Daily. After researching I was able to identify what pattern it is. The Cypher Pattern. Definitely an impulse bullish move setup. Now I have more confluence in my trade setup I marked previously on the 4H.
Hi traders Also looking at most of the JPY pairs for potential sell continuations. From the top of the overall price action, we had the strong bearish impulse down, followed by a consolidation period. Naturally we know price needs to correct after a strong move, and we are seeing some good price development here on the lower time frame. With a few swing highs...
Hi traders: Last week we saw some bearish price on the lower time frames on the indices market, and this week would be nice to see further downside to confirm the higher time frame bearish outlook. Here on DOW JONES, a larger, deeper correction is formed. We see a clear double tops in the marking, and on the LTF there is a potential of a reversal...
Hi traders: EURCHF is once again at the bottom of its current continuation flag correction, and we can be on the look out for some bullish reversal in the lower time frame. Latest price had a move down to the bottom of the HTF structure, but is currently consolidating. Possible to form bullish reversal price action correction. I will be patient and wait...
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: Running about +1% Full analysis/forecast: USDJPY: Running about BE Full analysis/forecast: CHFJPY: Running about BE Full analysis/forecast: Any...
Hi traders: NASDAQ is looking great for potential bearish reversal opportunities. We can see very clean price action currently with a ascending channel correctively move up to the top of the HTF parallel channel structure. As we know the ascending channel structures are good bearish reversal price action structures/patterns, its good indication that both the...
D1 - bullish divergence + false break H4 - bullish divergence + convergence H1 - impulsive structure Looking for pullbacks and buys.
Hi everyone: Was on vacation and got a cold so was not active on the charts, and posting. But now back and ready for second half of July. USD pairs in general have been showing strength since mid June, and there are some possible development that I can foresee. Here on EURUSD, we can see price has already impulse down quite a bit from my previous sell setup,...
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: Closed down for +1.51% profit Full analysis/forecast: USDCAD: 3 Trades closed down for BE overall Full analysis/forecast: SILVER: Closed down for +0.51%...
It is in 3rd of 5th wave in impulse sequence up started from 1050.
It is in 3rd of 5th of 5th wave in impulse sequence.
It completed 4th wave correction of 5th wave and now will start 5th of 5th wave correction and probable target zone is 16350.
GOLD One more move down before the big bullish reversal Hey traders: Similar like Silver's price action, I do see GOLD can have one more move to the downside on the short term, before reversing up and continue the higher time frame bullish outlook. We can see the price is repeating similar price action like previously, where a move to the upside did not...
Hi traders: I briefly went over Silver in the my latest Commodity Outlook video on a bullish mid-long term outlook. While short term wise, I do see the potential sell from a bearish price action on the lower time frame. We can see price is currently in this large, higher time frame parallel channel correction, correcting the previous strong impulse move from...
Hello everyone: As we see from the latest GBPUSD price action, it had the reversal from top already, and we can expect similar bearish move from GBPCHF. We can see price originally formed a rising wedge reversal, and then strong bearish impulse pushed down. Naturally price will need to correct, and we see a parallel channel correction with few swing highs and...
Hello traders: USDJPY had the bearish reversal price action from the top, and strong impulse phase has begun on the LTF. Price has clearly reverse out of both the LTF and HTF ascending channel, great indication for further downside. Naturally, price will need to correct before the next bearish move, so wait for a LTF bearish continuation correction, and add in...
this is in confluence with other CHF pairs such as EURCHF,CADCHF,NZDCHF . they've all reached my zone of interest after the impulsive move and i have a strong bias on them reversing