GBPCHF - Bear Run Started?GBPCHF could be on the verge of a bear run. But first, we require a break of the zone indicated and the long term ascending trendline.
Wait for an impulsive break and the bearish correction before getting in. We're anticipating GBP weakness overall.
Goodluck and trade safe!
Impulse
1INCH Time for the next bullish impulse up
Hi traders:
We can see 1INCH here had a strong bullish impulse up, and follow by a correctional structure.
This is a good indication that price is correcting for the next impulse phrase.
We can see some clean LTF price action, a decending channel, follow by a reversal impulse up, and now potentially breaking out.
As usual, wait for a LTF continuation correction here would be ideal to push the price into the next bullish run..
Thank you
CARDANO Look for these 2 buy opportunities
Hello everyone:
ADAUSD is currently in a big HTF correction, and certainly can expect a resume of the bullish trend when this correction completes.
We can see that price has been pushing up impulsively from previous corrections. Currently price is in this larger correction, consolidating.
This is a good indications that price is preparing for the next bullish run. What we need to wait for is the completion of this HTF structure.
Either price can now move down once more correctively, and hit the bottom of the HTF structure before reversing up,
or
we can expect price to breakout from this LTF correction, then look for further continuation correction for the buy.
Thank you
Ripple Look to complete this bullish continuation correction
Hello everyone:
I am also eyeing XRPUSD for bullish price action to continue.
We see price had the sharp move down from the SEC news, and has since recover some of the price.
We see a strong bullish impulse up, and then a larger, deeper correction begin to form.
Latest price is looking like a pennant/triangle continuation correction is almost complete.
I would wait for clean breakout form the continuation correction follow by LTF correction to get in ton the next buy
Thank you
XLMUSD Watch for this next bullish move up
Hi traders:
Also looking at Stellar for the resume of the bullish trend.
Price has managed to push up quite a bit from the beginning of January, and we see strong bullish impulses follow by continuation corrections.
The latest price had a move down, but was follow by descending channel reversal, good indication the bearish momentum isn't pushing down the price further.
Now we see a breakout from the price, so as usual I will wait for correction to get in on the next buy
Thank you
TRON Look for the next buy move
Hi traders:
TRON has pushed up very impulsively, and is now forming another continuation correction.
We can see price has made several impulses and corrections to move the price up,
indicating we are in the bullish trend, and can expect further bullish momentum.
Wait for this correction to complete and wait for breakout follow by LTF correction to get in on the next buy.
thank you
DOTUSD Look for the next bullish impulse.
Hello traders:
Looking at DOT for the the resume of the bullish trend.
We see price had a strong bullish impulse from previous continuation correction, and price begin to form a deeper, HTF correction structure.
We see the structure had at least 2 swing highs and lows, which is a sign that this can be the completion of this correction.
I would wait for the confirm breakout from the price and wait for LTF continuation correction to get in.
Thank you
Weekly Trading Recap: BNBUSD, LINKUSD, EURAUD April 03 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week. I will explain my approach on the entry, SL, TP and management.
BNBUSD - Running about 1.5%
Full analysis/forecast
LINKUSD - Running about BE
Full analysis/forecast
EURAUD - 1 % profit
Full analysis/forecast
NZDCHF -1% loss
Full analysis/forecast:
GBPJPY - 1% loss
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
RMR: Elliott impulse wave finishing, correction wave incoming?Hi. I've plotted a resistance zone that's been prevalent since the start of the year. I've also plotted some Elliot waves: some past, some current and some incoming.
The recent Three Drives pattern is over and unfortunately I didn't recognize it in time. But a good question then is what's next?
Well there is a clear impulse wave occurring at the moment. The high price difference between the MA 56 and close price strongly indicates that the impulse wave will continue to finish wave 3 and 4. The exact time when this will happen is uncertain, the price on point 5 is just an example.
But this means a correction wave is incoming when the impulse finishes.
There are two decent position to make if you believe the impending waves are probable:
When the current impulse wave has finished there is a good timing for a short position to profit off of the correction wave.
When that correction wave is complete there will most likely be an impulse wave. A long position when this is apparent or a long position on the B point of that wave could both be decent.
Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you.
This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade.
The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse.
The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections.
Do your best to find them in your trading!
NZDJPY Wait For Continuation Correction to sell
Hello traders:
NZDJPY has been dropping as expected from the higher time frame double tops.
We saw a strong bearish move down followed by the LTF correction.
This expanding structure correct the price up once more to form a recent, LTF double tops, and then a sharp move to the downside.
Once price broke out of the correction, naturally, we can expect continuation correction here to form, and look for the next sell down to the lows.
Wait for clear continuation correction on the LTF to enter.
Thank you
BINANCE COIN Get ready for the bullish breakout
Hi traders:
Liking the bullish price action on BNBUSD.
We see strong bullish impulse up from the price, and a larger, deeper correction was formed.
The larger correction has a few swing highs and swing lows, good indication that its a correction which we can expect bullish continuation once correction completes.
Lets wait for a bit more consolidation if it needs to, and look for a strong breakout from the larger correction, then go the LTF to look for continuation correction to buy.
Thank you
Ethereum Remains BullishHello traders and investors!
Today we will talk about cryptocurrencies, specifically Ethereum (ETHUSD), its price action from a technical point of view, and wave structure from the Elliott Wave perspective.
Well, as you already know, the Crypto market is in a massive rally and after recent sideways price action and corrective wave structure, seems like there's room for more gains, especially for ETHUSD in which we see a bullish development based on two different interpretations.
In the first count, we are tracking a bullish triangle formation within wave 4, where the final wave »e« is still missing before we will see a break into new all-time highs for wave 5.
In the second count, we are observing a completed wave 4 correction, which can be followed by a new five-wave impulse within wave 5 that can push the price straight into all-time highs with room even up towards 2500 area.
What we want to say is that, be aware of a bullish continuation on Ethereum at the beginning of April, but only if the price manages to stay above the 1520 invalidation level.
Be humble and trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
ETH Look for bullish continuation up
Hi everyone:
Looking at Ethereum for bullish price action outlook.
After breaking all time highs, price formed a ascending channel, reverse down the price.
However, we begin to see this expanding type of structure, and as we know they can be both reversal and continuation correction.
WE then see a quick LTF push up from the reversal expanding structure, and a small continuation flag form. This can be the first indication of the bullish momentum.
Lets see if we can get the price to continue an breaks above the ATH once again, and look for look term buying opportunities.
Thank you
NEO Bullish Price Action to Continue
hi traders:
I am also looking at NEOUSD to resume its bullish trend.
We can see there was a strong bullish impulsive phrase to push up the price.
We did see a short term pullback, but it was quickly reverse with a fallen wedge, and LTF continuation bullish price action.
Latest price has formed a continuation correction, and price breaks out now. Expect more bullish price action to form and push the price pass previous highs.
Thank you















