Hi everyone:
The US indices are all at all time highs or at previous swing highs before the Covid,
and looking at it from the price action point of view, we can really expect a sell off coming into the market.
Latest price shows us an ascending channel, correcting the previous to previous recent tops, and now we see a continuation correction in the making....
Hi traders:
USDMXN finally showing us bullish reversal opportunity.
We know from the HTF that price was in the overall parallel channel,
but no bearish price action correction to push price lower.
Instead we see the reversal structure formed, and a bullish push out from the structure.
We can expect a bullish impulsive phrase to begin, and LTF continuation...
Hello traders:
NZDCAD had the confirmed bearish breakout from the ascending channel, good indication we can expect more sell momentum.
We see price is forming this continuation structure, and now we just have to wait for confirmation correction on the LTF.
Either a small correction within the price action, or a breakout follow by a correction would be ideal...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
on H4: GOLD is overall bearish trading inside this big brown trendline.
However, it is currently sitting in the middle of nowhere.
So we will be waiting for GOLD to approach the upper brown trendline and blue resistance 1900.0 in blue to look for trend-following sell setups...
GOLD has formed a bearish head and shoulders pattern over the last couple of weeks. Today, I think the pattern has completed.
The two marked support lines are my targets, please do your own DD.
Also check out my other Gold idea!
Hello everyone:
USDZAR is in the corrective channel structure from the pervious move down.
As the correction gets deeper, we can have a more buy bias from the reversal price action on the lower time frame.
Wait for current descending channel to completes its correction, and wait for first confirm break out follow by continuation correction for the buy.
Thank you
Hello traders:
Seeing CHFJPY's price action for continuation sell.
Overall price is at the tops of this correction structure with an ascending channel.
We then see price push down from the correction, could be first potential bearish trend.
Look for continuation correction here on the lower time frame for possible sell..
thank you
Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: SEKJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: SEKJPY formed an objective trendline in red and a head and shoulders pattern so we are waiting for a momentum candle close below its last swing and...
Market is moving bearish 4H/1H.(Daily too)
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.88229 or 1.88880, then back to 1.85912.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out...
Hello everyone:
Quick recaps on the trades taken this week.
AUNZD - Currently SL at 1:1 profit. Looking clean to at least hit the previous tops area.
NZDCAD - closed down for 3.5% profit. Understand what the market is likely to do and management plan is to secure profit before bigger corrections.
EURNZD - closed down for 2% profit. Quick note here is, I am...
->What is the Morning Panic Dip-Buy Pattern?
This pattern is based on a wall of sellers that drive the market down in a short time.
As you can see in the chart the wall of sellers show how market quickly sold off during the session of March 6th, after an all time high (not supported by demand).
Leaving us with a first day candle of March 7th, with a volume as high...
Hi traders:
Similar like NAS and SPX, I am expect the sell on the indices to happen very soon.
Price as we see is getting squeezed and corrected in the latest price action.
Its unlikely we can continue see price behave this way without the impulsive phrase to come in.
The key is to wait for confirmation breakout from the LTF, and look for continuation...
Hi everyone:
NASDAQ is shaping up for the sell we have been waiting for.
Price continues to move up correctively in the ascending channel, and finally we see some reversal price action at the previous all time highs area.
We see a Double tops, and LTF bearish breakout from the price.
Last confirmation I want to see is a LTF continuation correction for the...
Imagine having the possibility to know and predict the future by this simple method
Last few days i realised how the flag pattern powerful can be this is the last gold rally and this flag pole is same length of the move this is big?? So what do you think about flag patterns??
Hi everyone:
We see price was consolidating within this correction channel from the previous tops,
and then a Head and Shoulder developed at the to of the overall price action.
The bearish impulse from the right shoulder broke out of this channel,
good to look for continuation corrections o the LTF for further downside.
Thank you
Hello traders:
Looking at GBPUSD for the sell opportunity.
WE can see previous price action had a double tops, and price correct itself up within the ascending channel structure.
Then we see a sharp LTF push down from the price, good indication for further bearish momentum.
To confirm the downside, I would wait for a continuation correction to develop and...
Hello traders:
NZDUSD is finally shaping up for that sell opportunity that I have been waiting for all these weeks.
We know as price continue to correct within the ascending channel, we can expect a strong reversal coming in eventually once correction finishes.
Here on the LTF price action, we see that first bearish move down from the price, potentially...
