This is an update from the USDJPY short analysis I had published about two weeks ago. As we can see price broke the bearish channel to the downside. Now we wait for a retest to then enter. Good luck!
Hi traders:
Most of the USD and JPY are looking to continue the strength,
and looking at USDJPY's price action, I am more leaning towards the JPY strength to lead to a sell potential.
We can see that price is now forming a potential double tops, together with the ascending channel correcting to the previous highs.
we could see price forming the "M" style...
Hi everyone:
USDCAD is also showing strong bullish price action,
and we can expect some buy opportunities if continuations price formed.
We can see price has already pushed up from the reversal correction at the bottom of the descending channel.
Strong bullish push up from the price, naturally will need to correct before the resume of the next impulse...
Hi traders:
We can see price has finally reach the previous higher time frame highs, and potential double tops in the making.
Price then formed a smaller, lower time frame ascending channel while in the larger, higher time frame parallel structure.
All good bearish confluences price action.
Latest price has shown us a strong push down from the price after...
Hello everyone , as we all know the market action discounts everything :) XAG/USD showing weakness this week with a few signs for a bearish movement in the next few weeks , market price is moving bellow the Moving average ( bearish sign ) and both the STOCH and the MACD giving out sell signals . but there are no signs of a Big bearish reversal yet the market is...
Hi everyone:
Looking at NZDCHF here for the potential bullish up move.
We can see after the strong impulse phase from the market, price naturally fall into a different correction structure.
As long as price remain within the consolidation phase, we can expect a correction complete and look for the next bullish impulse phase.
On the latest price action, a...
The pink line represents long the long-term point of control, we see the bars met resistance exactly where they should have.
There was powerful momentum that broke through the resistance @ $2,231.
Bullish divergence on CCI + EMA, and I imagine RSI + MACD will follow soon. CCI has broken historical highs and recovered quickly.
This has helped me learn that technical analysis isn't always right. I was seeing a head and shoulders pattern, added my graphics, and waited. I expected the head and shoulders pattern to lead to a downward movement, but instead, an upward push ensued.
I also placed my first ever paper trades after making an analysis. This was a great learning experience and I'm...
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.
GBPCHF: Running Position
Full analysis/forecast:
GBPUSD: Closed down for +1% profit
Full analysis/forecast:
CHFJPY: Out for Break Even
Full...
This is what I'm thinking about OANDA:XAUUSD movements until 2021 end, despite the bear is taking over for the overall movement in this year, but either sell or buy, your chance is still there.
For those who loves the gold bar, might be a moment of truth to bargain its price :).
I'm still here, thinking, trading and try to away from COVID.
Have a great weekend...
Hello evry1!
Despite different opinions and news about positive trend with XRP, the Market shows us very interesting image... With one more three-wave move down, there could be a LEADING DIAGONAL... Very good sign for bears and for those, who want to see this coin as much lower as it can be! Of course, to buy it on the deep!=)
After one more low (in fact, there...
olmost a month ago i made a idea of the wyckoff theory as i saw the first signs forming, based on my experience i made a chart of it, i have been way off if it comes to time wise but the targets were perfect, so this time i made a new idea, this idea still is about the wyckoff and also the potential chanse of failing the wyckoff theory
so what you see here in the...
Short term downward momentum is weakening and the MACD line is about to cross the signal line from underneath, indicating that the price is ready for some upward movement. Also, backed by 50MA support and trend line support indicating that trend continuation is very likely.
Entry: 36EU
Target: 41EU
SL: 33EU
