Hello everyone: Back here with another weekly trade recap video. This week a few more trades were entered, let's take a look. CADJPY - Running about +1.5%, SL at BE. Like the double tops, reversal correctional price action on the lower time frame. XRPUSD - Running about BE. Happy with the entry and the bullish price action at the time. AUDNZD - Scaled in...
Hi traders: Liking the price action on CADJPY here on the lower time frame. We see price has formed a higher time double tops, and with an ascending channel structure. Latest price action showed us a lower time frame pushed down from the price, and currently at the bottom of the channel. we see expect further LTF correction now to continue the bearish move...
Hello everyone: 2020 year has been a wild ride for everyone. Certainly going down in the history book for sure. Financially, we have seen the rise of BTC, and the fall of the USD. What can we expect moving forward into the 2021 and onwards? BTC - Certainly going up in time, but is it the right time to buy now or wait for larger correction ? we broke...
Hi traders: Liking the price action here on XRP Price had the strong push up, then we see a deeper channel structure correction. Latest price formed a descending channel, and we see a bullish impulse up and out of the channel. I would look for continuation correction to get in the buys. Thank you
Hi traders: Looking at Litecoin now for continuation buys on the LTF. WE see price had a strong bullish impulse up, and followed by this pennant/triangle structure correction. Latest price had a strong breakout from the LTF, good indication for further bull momentum. Wait for smaller continuation correction for the buy entry. Thank you
Hi everyone: The US indices are all at all time highs or at previous swing highs before the Covid, and looking at it from the price action point of view, we can really expect a sell off coming into the market. Latest price shows us an ascending channel, correcting the previous to previous recent tops, and now we see a continuation correction in the making....
Hi traders: USDMXN finally showing us bullish reversal opportunity. We know from the HTF that price was in the overall parallel channel, but no bearish price action correction to push price lower. Instead we see the reversal structure formed, and a bullish push out from the structure. We can expect a bullish impulsive phrase to begin, and LTF continuation...
Hello traders: NZDCAD had the confirmed bearish breakout from the ascending channel, good indication we can expect more sell momentum. We see price is forming this continuation structure, and now we just have to wait for confirmation correction on the LTF. Either a small correction within the price action, or a breakout follow by a correction would be ideal...
Hello everyone: USDZAR is in the corrective channel structure from the pervious move down. As the correction gets deeper, we can have a more buy bias from the reversal price action on the lower time frame. Wait for current descending channel to completes its correction, and wait for first confirm break out follow by continuation correction for the buy. Thank you
Hello traders: Seeing CHFJPY's price action for continuation sell. Overall price is at the tops of this correction structure with an ascending channel. We then see price push down from the correction, could be first potential bearish trend. Look for continuation correction here on the lower time frame for possible sell.. thank you
Hello everyone: Quick recaps on the trades taken this week. AUNZD - Currently SL at 1:1 profit. Looking clean to at least hit the previous tops area. NZDCAD - closed down for 3.5% profit. Understand what the market is likely to do and management plan is to secure profit before bigger corrections. EURNZD - closed down for 2% profit. Quick note here is, I am...
Hi traders: Similar like NAS and SPX, I am expect the sell on the indices to happen very soon. Price as we see is getting squeezed and corrected in the latest price action. Its unlikely we can continue see price behave this way without the impulsive phrase to come in. The key is to wait for confirmation breakout from the LTF, and look for continuation...
Hi everyone: NASDAQ is shaping up for the sell we have been waiting for. Price continues to move up correctively in the ascending channel, and finally we see some reversal price action at the previous all time highs area. We see a Double tops, and LTF bearish breakout from the price. Last confirmation I want to see is a LTF continuation correction for the...
Hi everyone: We see price was consolidating within this correction channel from the previous tops, and then a Head and Shoulder developed at the to of the overall price action. The bearish impulse from the right shoulder broke out of this channel, good to look for continuation corrections o the LTF for further downside. Thank you
Hello traders: Looking at GBPUSD for the sell opportunity. WE can see previous price action had a double tops, and price correct itself up within the ascending channel structure. Then we see a sharp LTF push down from the price, good indication for further bearish momentum. To confirm the downside, I would wait for a continuation correction to develop and...
Hello traders: NZDUSD is finally shaping up for that sell opportunity that I have been waiting for all these weeks. We know as price continue to correct within the ascending channel, we can expect a strong reversal coming in eventually once correction finishes. Here on the LTF price action, we see that first bearish move down from the price, potentially...
Hello everyone: Let's take a closer look at the Ascending/Descending channel structure in the market. Typical ascending channel will happen at the top of the overall price action, and once the correction is finished, we have a high probability to see the price reverse. Whereas a descending channel structure will form at the bottom of the overall price action,...
Hi traders: EURGBP is looking great for further upside potential. Price has mange to break out of the descending channel, and pushed itself up impulsively. Late price is consolidating, good indication for a correction developing, and we can expect further push up. Wait for correction to complete and look for buy entries. thank you