BTCUSD 4h it has broken the triangle trend line and it's completing wave 5th. wait till it reaches the support lines and buy at dips for short term because it's going to fall more than that.😢 give it thumbs up if you like this analysis 👍💕 and feel free to comment and ask me questions.🤟
Hi everyone: Looking at GBPAUD's price action for the potential sell opportunities. We can see the price is currently correcting in the larger, higher time frame parallel channel structure, continue to move correctively to the previous tops The latest price action shows us a lower time frame ascending channel reversal, good indication this could be the start...
Hi traders: This week I am looking at a few AUD pairs, and AUDCAD and GBPAUD are looking very clean. Here on AUDCAD, we can see the bearish trend has already happened and price dropped down from the top quite a bit. Latest price action shows a consolidation phase where price is moving slowly and sideway. Good indication that is forming a descending channel...
Hello everyone: Since I couldn't do the mid-week market update live stream, I thought I would go over the USD pairs in more detail in this quick video. My overall bias on the USD is strength in them, so I pointed out 5 USD pairs that could shape up for such opportunities. Like always I need to wait for confirmation from them, so they are very close to shape...
USD Bullish Outlook Hello traders: USD has certainly shown us some strength from yesterday, and many of the USD pairs are looking very clean for some bullish move in favor of the USD. We can see here on USD index, price slowed down when it reached a double bottoms area, correcting within the descending channel structure. Finally we see some bullish LTF...
Hi traders: Aside from all the recent news on AMC and other stocks, lets talk a look at the technical sides. We see price was at all time lows of $2, seemingly going down more. However, price action may give us clues on the overall future. From the all time highs of a double tops, price pushed down and then formed continuation to push down further. But, it...
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. Getting close to end of month, and overall pretty mellow. Quite normal coming from a bigger profitable month last month. Still very please with the result, +3.36% per the...
Hi everyone: Today I want to dig deeper into a few USD pairs that may shape up for a very good bullish move in USD in the near future. I narrow down the 3 best potential pairs, EURUSD, GBPUSD and USDCAD. EURUSD GBPUSD USDCAD Lets take a look at each of them, and see my analysis, forecast, and entry potential on all of them. As always, understand that...
Hi traders: Looking at some of the US indices, NASDAQ pop out for a clean bearish price action. We can see price has been moving down from the top, and many corrections along the way. The latest price shows yet another correction developing after the impulse down, and could give us another sell opportunity. Look for lower time frame continuation corrections...
As shown in the chart , NVDA showed a down going impulse character so far which invalidates previous proposed abc correction. This indicates that we will face a larger correction for NVDA. In best case scenario, end of mentioned impulse which labeled as 12345 is around 540 and an up going counter trend correction may start there which may go to above 600...
D1 - breakout of the consolidation structure H4 - impulsive structure followed by breakout. Looking for pullback and buys as long as 1.56 holds.
Hello everyone: Many have asked me about what I think about the current JPY markets, so I figure a quick analysis and forecast on all of them would be the best way. I did go over them in today’s midweek market updates, but let's take a look at them more closely here. Remember, these JPY pairs need to develop the bearish continuation corrections on the lower...
Hi everyone: Also looking at GBPUSD for the bearish opportunities. Price has been in a long term, higher time frame ascending channel correction, moving the price up to the current area. We can see on the higher time frame, we approach to a previous high, which is also where price formed similar price action. A double tops, "M" structure within the HTF...
Hello traders: Lately many have been asking about where GOLD might be going, and the question is always whether to bur or sell now. From my point of view, there is no need to rush to jump into the position right away. Let the price comes to you when its ready and execute is going to be more consistent and sustainable. So lets take a look at the overall price...
Hello everyone: CADJPY also is on my watchlist to look for a potential sell opportunity. We can see price has pushed up from the expanding correction, but is not showing us a strong bullish price action. Instead price is rather corrective and within an ascending channel correction. From the HTF we know there is a potential double tops that the price is...
Hello everyone: GBPJPY has once again move up to the top of the overall structure now, and there could be a third opportunity to sell. We can see from previous 2 sells that pushed down the price, but just failed to break lower and continue. This is a indication that price is getting ready for a bigger correction, and is still consolidating. Latest price...
Hi everyone: Also eyeing WAVES for another bullish opportunity to the upside. We can see price had a strong bullish impulse surge to the upside, and is now forming correction. Naturally price needs time to correct the previous bullish move, and we start to see a bullish continuation structure, flag/channel in the making. Currently price is at the lows of the...
Hello trader: Been paying attention to MATIC as the price has pretty strong surge for the last few months now. Looking at the price action on the lower time frames, we can clearly see bullish price action to continue push the price up. Smaller impulses and corrections are good sign of the continuation trend, which is what we see here. The latest price is...