xauusd expected to buy on the touch of the bullish channel. Confirmation is to wait for a momentum shift with a candle stick pattern, Bullish engulfing, hammer or chart pattern, inverted head and shoulder.... Pls share your opinion and note time frame is H4
$BTC it seems like double bottom pattern pushed off from the 0.618 ratio
bulls have to to close price above the green line to confirm it
it just a theory.... thoughts
Hello everyone:
Also on my watchlist is EURGBP for potential bullish reversal opportunities.
We can see after a strong bearish impulse phase, price falls into a larger, deeper correction.
With few evenly swing highs and lows, a parallel channel correction is formed.
These larger correction tends to be more neutral, and doesn't necessary have to continue that...
Hello everyone:
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.
EURUSD: 2 positions running for +4% profit
Full analysis/forecast:
SILVER: 2 positions running for + 5% profit
Full analysis/forecast:
Any questions, comments...
Hello everyone:
Lets take a look at Tesla's overall price action.
We see price has manage to push up to all time high around $900, then fall down significantly.
However, the latest price action started to form into a bullish structure that we are familiar with.
A double bottoms, triangle like correction is giving us a higher probability to see it as a...
Hi everyone:
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...
Hi traders:
Finally we are seeing some bullish price action on the lower time frame of EURUSD.
WE can see that price has reach both the higher time frame and both lower time frame's bottoms.
A HTF double bottoms, bottom of the HTF parallel structure, bottom of the LTF expanding structure, and bottom LTF descending channel has all been reached.
This is a...
Hi traders:
Also eyeing AUDUSD for further upside potential.
We can see a higher time frame descending structure that the price is currently in.
At the bottom, a bullish reversal price action, giving us an inverse Head and Shoulder pattern,
and we saw a strong bullish up move follow by correction.
Now that price has confirm broken out and is in the impulse...
Hi traders:
What can expect from the USD in the near future ?
As we can see here, price is once again at the top of the overall current price action structure.
Price spent much of the time since July correcting within the expanding structure. Not much bullish price action here.
Now, we can see a potential double tops, price formed a lower time frame...
Hi everyone:
Also eyeing SOL for bullish price action to continue.
We can see price has already made a strong impulse move to the upside, and formed a continuation correction.
Price then has a clear impulse up on the lower time frame, good sign of bullish continuation development.
Now that the price is forming into a lower time frame continuation correction,...
TA explained
DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here:
As you might have figured from...
Hi everyone:
Looking at ADA's current price action for another impulse phase to push the price higher.
We can see from the previous impulse phase that broke the all high, is follow by a consolidation correction.
This is what we generally want to see if price will continue the previous bull run.
Latest development shows signs of a bullish correction on the...
Hello everyone:
Many have asked me to do another in depth breakdown on the USD pairs.
Personally my bias and view is more weakness to come on them.
So I will break down all the potential USD pairs that are developing nicely for some opportunities.
Currently in EURUSD Long and watching out for other pairs as well.
DXY
Original Analysis and Forecast:...
Hello traders! For my opinion this pair is BUY because price broke nekline , is in "xabcd pattern and is in "channel" .
Price has broke nekline and after breaking has confirmed the "xabcd pattern" scheme.
Target one: Buy 1.17555
Target two: Buy 1.18540
Don`t forget to look the economic calendar.
THANK YOU!
GOOD LUCK!
