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Last 1-2 weeks ago my overall view on the lower time frame for GOLD was to wait for bullish price action to have a potential buy in short term.
Price however didn't form the continuation price action on the lower time frame for me to consider any entries....
Here on AUDJPY, there is good potential development that can lead to another selling opportunities.
We can see from previous price action, after price has a confirmed bearish impulse down, once correction completes, lead to another bearish move.
The current price action is even better as we have now created a double tops, reversal bearish...
Since last Friday till now we have seen lots of USD, JPY pairs gaining strength across the market.
Market has pushed quite a bit and I suspect more strength to come in the near future for USD and JPYs.
Here on GBPJPY, very clean price action is forming in favor of a bearish sell opportunities.
From the higher time frame, price is at the top...
I have shared many Tesla's forecast and analysis in the past that leads to the bullish up move.
If you missed any of the buy setup, price is potentially getting ready for another one very soon.
We can see overall price has been very bullish throughout, as many impulse phases are followed by continuation phases that push the price higher.
Also on my watch for remaining of the week is GBPUSD.
From previous bearish setups, price implosively push down aggressively,
After hitting a higher time frame swing lows, there signs of bearish momentum slowing down.
A potential double bottoms on the higher...
Here on NASDAQ, price is slowing developing good bullish price action that can potentially push the price higher.
We can see price has moved down to a higher time frame swing lows, and managed to break below it. However, no signs of bearish continuation price action.
instead, a descending channel reversal was formed, and a strong lower time frame...
Here on GOLD, we can see from the previous down move, price has hit the bottom of the higher time frame structure.
After price impulse down, it didnt create any bearish continuation correction price action, instead a bullish reversal impulse on the lower...
Today I want to discuss the importance of higher time frame analysis.
Doesn't matter what type of trading strategy, method or style you use,
the higher time frame often will help us to strengthen our bias overall and give us a good perspective of the possible direction for the price to go.
In addition, it helps traders to avoid unnecessary...
Most of the indices market are now looking bullish, and here on SPY is shaping up for a nice buy setups.
from the previous bearish development, price push down to the higher time frame previous lows, but failed to form continuation to go lower.
Looking at Dollar Index, we can get some potential USD development and direction in the up coming weeks/months.
Here on the higher time frame, since last year of July 2021, price has been in a strong bullish impulse phase to the upside.
Many continuation price action along the move up.
Now that we have hit the previous highs, and top of structure,...
EURUSD is on route to have some bullish reversal price action on the lower time frame and price could be ready very soon for another up move potential.
From the higher time frame, we can see price has now hit the previous swing low, and no further bearish continuation price action.
Instead, a double bottoms...
Also looking at GBPNZD for continuation bearish price action.
After the initial bearish impulse from the top of the higher time frame structure, price was on route to break out of the structure.
Instead, it started to form an ascending...
Here on ERUAUD, price is not forming possible continuation price action, that could lead to more bearish downside move.
From the top, we can see price had a sharp bearish impulse down from previous correction.
Naturally, price will have...
Looking at EURCAD's overall price action, there could be more opportunity for upside.
From the higher time frame, we can see price has hit a previous swing lows, and started to slow down and consolidate.
This could lead to a potential double bottoms for upside reversal.
On the mid time frame, we can see...
SOL has been in a consolation since last year in November, and price has not form into a possible structure that could give us a buy opportunity in near future.
We can see from the previous higher time frame impulse move, price pushed up aggressively, and has now formed into a descending structure.
With a few swing highs and lows, price has slow...
Also eyeing MATIC for the bullish long term opportunity.
From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction.
Price begin to form into another consolidation for possible another up move.
On the lower time frame, we can see a few good bullish...
Ether is also developing nice bullish price action on the higher time frame, and if the lower time frame develop bullish reversal price action, this can start off the next bull run.
After the initial bullish impulse up move, price naturally falls into a consolidation/correction.
With a few swing highs and lows, price has created a larger, higher...
Also on watch for the week ahead is DOT.
Majority of the bigger cap coins are developing similar across the market.
Here on DOT, we can see the higher time frame has formed into a nice expanding structure, correcting for the previous impulse move.
The latest development has shown price hit the previous lows, potential double bottoms.