GBPNZD is also on my watchlist for potential bearish continuation opportunities.
We can see that the higher time frame has formed into a larger parallel channel structure after the strong impulse phase.
Naturally price will correcting within, and good to be patient here to wait for bearish confirmation.
Latest development shows a lower time...
EURAUD is looking very clean on the higher time frame as it is forming the right shoulder of the H and S pattern.
We can see after price hit the higher time frame double tops, a strong impulse move to the downside, hitting the previous lows.
Then we see price correctively move up in an ascending channel, good sign of a continuation bearish...
Many have asked me about the Japanese JPY pairs outlook and forecast, as we can see they are surely gaining strength across the market.
I am personally live in some of the sell and looking to hold the trade as well as scale in on additional trades as well.
Now let's take a look at the pairs that I am currently in, and as well other JPY pairs from...
Its always a good idea to have our weekly outlook on the market so we can prepare for any kind of development.
Here on SPX, the previous 2 analysis I had all had the lower time frame bearish move down,
but just wasn't ready to continue its bearish impulse phase further.
As price reverse up correctively and continue to develop the current price...
AUDNZD is still on my watchlist this week and very patiently waiting for the correct bullish price action to develop before the confirmation entry.
What we see here is still a reversal bullish price action in the making.
rice correctively move down within the higher time frame descending structure.
As we know correction can continue to correct,...
Here on GBPJPY, from the higher time frame, price is currenting developing the right shoulder of the H & S pattern.
We can then see on the lower time frame, price is in a larger expanding structure, correcting the price with a few swing highs and lows.
A lower time frame ascending channel pushing up the price, and a sharp reversal impulse down....
Similar like few of the JPY pairs that I have posted, CADJPY is once again shaping up for the sell.
from my previous CADJPY analysis, the price did impulse down aggressively, , but did not continue further after hitting the lows.
Price then reverse up to correct into an ascending channel reversal.
This is an indication price is once again...
SOL has been on a massive bullish up move, they question is can we still get continuation up move ?
We can see after the strong bullish impulse up, price naturally needs to correct and consolidate, which is what we see here.
A bullish flag/channel correction in the making, which gives us bullish bias for continuation price action.
Similar like my previous 2 analysis on the other US indices, I do also see DOW is shaping up for the bearish price action.
On the higher time frames, price has formed a larger ascending structure, correcting the price up.
As we know ascending structures are reversal in nature. So the bias is to look for potential selling price action development....
Also eyeing USDJPY for the JPY strengths in the market.
From my previous analysis at the top of the expanding structure, price did impulse down very aggressively.
After a strong impulse down, price begin its corrective phase,
and we are getting this parallels channel structure, as price continues to correct within.
The more swing highs and...
Similar like EURJPY, I do see some good bearish confluence for possible selling opportunity.
We can see price has reverse from the top of the higher time frame structure, and a strong impulse phase to push down the price.
Naturally after an impulse phase, price falls into a corrective phase. This time its creating an expanding structure.
Very similar price action development like SPX, here on NASDAQ its forming similar structures that could lead to the bearish move we have been patiently waiting for.
We can see price has been correcting in the al a larger ascending structure for quite sometimes now. Very similar like previous price action before Covid drop.
Latest price has a...
Looking at EURJPY here for a potential continuation bearish price action.
We can see after the impulse phase from the top, price correct into an expanding structure.
Within a few swing highs and lows, double tops, combining with a rising wedge reversal, giving me a bearish price action confirmation.
Now that price has broken down from the wedge,...
Also eyeing NZDCAD's bearish price action to confirm the downside move.
Here we can see after the strong bearish impulse down from the top, price begin its consolidations.
We can see a clear parallel channel forming, with a few swing highs and lows.
Latest price also give us a potential double tops, lower time frame ascending channel to the top...
We can see here on CADJPY, after failed to continue after breaking the higher time frame double tops,
price begin to reverse down, hit the previous swing lows, and formed into a correction.
Price is in the process of the the bigger Head and Shoulder pattern,
and we can see clear impulse down from the continuation correction.
To confirm further...
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.
First Entry: +1% profit.
Second Entry: Running about -0.5% loss
Let's take a detailed look into EURJPY’s current price action, what my analysis and forecast so far,
and do some backtesting on previous prices to give us a positive outlook on the potential bearish continuation price.
Starting from the Higher time frame, clear double tops, and ascending channel reversal are very noticeable. Then the price had a...
Here on DOW JONES, we can see that price has been consolidated in the HTF structure for quite some times now, forming a corrective ascending structure.
Latest price corrects itself up in a smaller ascending channel, and formed double tops before reversing down in an impulse phase.
This is all good indication the bullish momentum is exhausted,...