Hi everyone: Most of the JPY pairs are on my watch list, and CHFJPY from the higher time frame is looking the best among the JPY pairs. We can see there is a strong bearish impulse phrase from the price, and the consolidation begins. A parallel channel correction, that could lead to the next bearish impulse from the price when it finishes correcting. Latest...
Bearish Scenario was that this moves up the last few days were just an ABC Correction to the Upside Bullish Scenario is that it was just the beginning of a leading first wave diagonal, which could be the beginning of a larger Impulse to the upside Lets see how this plays out
Hi everyone: Did a quick breakdown and outlook on the 3 main US indices. My bias here on them is a potential bearish run on them, so I will be patiently waiting for the right price action to develop. If price continue to move up or doesn't form any bearish price action, then no entry and move on :) NASDAQ - SPX - DOW (US30) - All of them will need to...
Hi everyone: Quick breakdown on USDCAD. Looks to me price finally is giving us more confirmation, and this upcoming week we could potentially see some bullish opportunities. I briefly explained the higher time frame and lower time frame bullish bias and confluences, and gave a quick forecast on how I plan to enter if the right price action develops. Any...
Hello everyone: Finally we are seeing some confirmation from the USD strength, and I have been patiently waiting for the right price action to develop. Here on EURUSD, we are seeing a nice double tops from the price as it correct itself in the ascending channel reversal. We see a Head and Shoulder developed, and strong bearish breakout from the...
Hello traders: Some of the US Indices could shape up for some short term sell entries on the lower time frame. We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate. This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in. Currently price is at...
If the 5-Wave Impulse down gets confirmed and finishes clean, there will most likely be a reaction at 1770
Hi traders: Most of the crypto are in its corrective phase, and I wanted to wait for further development on them. Whereas for MATIC, it actually has a clean bullish price action that could give us some buy opportunities. We can see from my previous analysis and trade that I entered, price indeed pushed up very impulsively. However, it was follow by the...
Hello traders: Most of USD pairs are due for some strength, and looking at USDCAD's price action here certainly can lead into some opportunities. We can see there is a higher time frame descending channel correction, pushed the price down to a double bottoms. Once the price reaches around this area, we begin to see an expanding kind of correction. As we know...
So GBPJPY looks to be at the bottom of are channel, all signs look to be pointing towards the next impule leg. Remember trading is always a risk and never trade more than you are able to lose , and always learn to see the chart from your own perspective...
Hi everyone, Thank you for considering reading my idea. In addition to some bullish TA I have been posting recently, I just noticed that when we closed our weekly, the MACD histogram gave us an impulse. This means that momentum or the MACD line (yellow line) is weakening to the downside meaning sooner or later we may see a reversal of the MACD line and the...
Hi traders: Closely watching some JPY pairs as always, and EURJPY and CHFJPY are looking good for potential bearish reversal. We can see price continue to correct to the upside, but not in a impulsive price action, rather very correctively moving itself up. We can see price just broke the higher time frame double tops, and a smaller, LTF ascending channel has...
This is the weekly timeframe chart of LTCUSD. currently, we are on the correction phase. wave 4 will guide us to ride on 5th wave. Important levels: 41.6484.50,247.00,413.91
The triangle is to be composed of 5 waves.(A,B,C,D,E) In which wave D is creating sub waves. The end point of wave D will be the starting point of wave E. E wave is the end point of the triangle. The E wave is the end point of the triangle from which the price will move upwards with great force. alternation: If this is not a triangle then wave 5 started from the...
Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week. I will explain my approach on the entry, SL, TP and management. CHFJPY: Running Position Full analysis/forecast: AUDCAD: Running Position Full analysis/forecast: GBPAUD: +0.51% profit Full analysis/forecast: Any questions,...
D1 bullish structure + bearish divergence + resistance zone(s) on the way H4/H1 - bearish structure completed, looking for pullback and sells
Hello everyone: Many have asked me about my view and analysis on Bitcoin and in general where the crypto market may go. Personally I think price is in a corrective phase and there is no need to rush to enter long or short. Sure there is some lower time frame movement and price action, but not enough development for any bigger impulses in the market. My plan...