ADA 4H chart recently presented a Morning Star pattern, which indicates a reverse on this short Bearish Cycle we've been experiencing. The most certain thing is that the Bull market is back on track and the price is going up from now on.
Hi traders:
Looking at some of the US indices, NASDAQ pop out for a clean bearish price action.
We can see price has been moving down from the top, and many corrections along the way.
The latest price shows yet another correction developing after the impulse down, and could give us another sell opportunity.
Look for lower time frame continuation corrections...
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.
NZDJPY - Running around BE
Full analysis/forecast:
CADJPY:
First Entry: BE
Second Entry: Running around BE
Full analysis/forecast:
MATICUSD: +0.53% profit
Full...
SWING TRADING JOURNAL
Bearish invalidation still intact. So, I'm bearish for USDCAD and this is my plan
I will;
SELL USDCAD somewhere at Green Box (try to sell as high as possible)
SL ABOVE Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to...
as we had a false beak out yesterday , it seems we will have a fall . as you can see we have 2H or 4H uptrend , and yesterday it couldnt break resistance and orange line , and as you see on RSI it gives us a sell signal . and at daily timeframe we have a flag pattern , it can not rise more i think .so after all of these signals , I am thinking about to sell after...
SWING TRADING JOURNAL
I'm bullish for AUDUSD and this is my plan
I will;
BUY AUDUSD somewhere at Green Box (try to buy as low as possible)
SL BELOW Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5....
Hello everyone:
Many have asked me about what I think about the current JPY markets, so I figure a quick analysis and forecast on all of them would be the best way.
I did go over them in today’s midweek market updates, but let's take a look at them more closely here.
Remember, these JPY pairs need to develop the bearish continuation corrections on the lower...
Hi everyone:
Also looking at GBPUSD for the bearish opportunities.
Price has been in a long term, higher time frame ascending channel correction, moving the price up to the current area.
We can see on the higher time frame, we approach to a previous high,
which is also where price formed similar price action.
A double tops, "M" structure within the HTF...
This is a bullish reversal pattern - using the overnight liquidity levels for where buyers may want to step in.
Not all liquidity levels hold to the tick. And catching a falling knife gets traders' accounts killed. However, if we wait for a reversal signal/pattern at a known level where Buyers are sat. We can usually get a good entry.
The pattern happens across...
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows
Hello traders:
Lately many have been asking about where GOLD might be going, and the question is always whether to bur or sell now.
From my point of view, there is no need to rush to jump into the position right away.
Let the price comes to you when its ready and execute is going to be more consistent and sustainable.
So lets take a look at the overall price...
Hello everyone:
CADJPY also is on my watchlist to look for a potential sell opportunity.
We can see price has pushed up from the expanding correction, but is not showing us a strong bullish price action.
Instead price is rather corrective and within an ascending channel correction.
From the HTF we know there is a potential double tops that the price is...
Hi everyone:
Also eyeing WAVES for another bullish opportunity to the upside.
We can see price had a strong bullish impulse surge to the upside, and is now forming correction.
Naturally price needs time to correct the previous bullish move, and we start to see a bullish continuation structure, flag/channel in the making.
Currently price is at the lows of the...
