hello everyone:
AUDCHF has manage to push up to the top of the HTF structure from the previous double bottoms.
However, price has failed to continue higher, nor a continuation bullish correction was formed.
Instead we see price formed a reversal price action structure on the LTF, and a bearish pushed down from the top.
I would wait for a continuation...
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THE RISING WEDGE IS A BEARISH PATTERN.
BEARISH PRICE TARGET WOULD BE AROUND THE $14800. THE MOST LIKELY SCENARIO.
BULLISH PRICE TARGET WOULD BE AROUND THE $17800. BUT AT THIS POINT IT WOULD BE SO BULLISH THAT WE COULD GO ALL THE WAY TO THE PREVIOUS ATH AND MAYBE EVEN MAKE A NEW ATH.
Hi traders:
Similar like my analysis on Silver, Gold is also shaping up to have the bearish continuation price action.
We see the HTF price action is beginning to show us the reversal movement as structures continue to develop.
We first see the bearish push down follow by the larger correction. Followed by another bearish push down, and once again, develop a...
Hi everyone:
Both Gold and Silver are developing into more bearish price action as we see.
Here on Silver, we see price had the clear bearish impulse down from the previous highs, and begin to form this large continuation correction.
Price had a few swing highs and lows, good indication this structure can be completed soon.
Latest price we see a LTF push down,...
Hello traders:
Looking at SPX here for further development on the bearish move.
We see the price action had a bullish push up breaking previous highs.
However, price did not continue with continuation corrections, instead we see the bearish move down on the LTF.
This is a good indication that the bullish momentum is exhausted, and we may see the reversal...
Hi traders:
Looking at DJI for the bearish reversal in the up coming days/week.
Overall looking at the price action, we see DOW has hit the all time double tops, and price is showing reversal price action on the LTF.
Price had a push up, but failed to continue higher with any bullish correction.
Instead, we see a short bearish push down from that area, and a...
Hello everyone:
Once again looking at EURGBP for the short term push up.
We see price is still in this parallel channel structure, correcting the price.
Latest price shows us a recent double bottoms, and a LTF bullish push up.
These are good indications that a strong bullish momentum can come in, and we can see price break out from the channel to the previous...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURCHF is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.
on M30: EURCHF formed a valid channel in red and we also have RichBomb pattern (orange diamonds)
Trigger: Waiting for a momentum candle close below the...
Hello traders:
Seeing similar reversal moves across AUD and NZD pairs mostly.
Here on EURNZD, there was the strong sell from the top, but did not continue downwards.
We then see price reacted to the previous lows, and a LTF reversal impulse up.
Latest price action shows us a potential inverse Head and Shoulder, and a continuation correction in the making.
I...
EUR/JPY has formed a bull flag amid a strong bullish surge in price.
In case the price turns bullish again early next week, consider waiting for the price to close above the confirmation line.
Resistance 1 and Resistance 2 are great short & mid-term targets, consider exiting your position around there.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for EURJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Hi everyone:
Previous forecast on AUDJPY did not present a bullish continuation correction to push up the price to the next tops.
Instead, we see reversal price action in the making on the LTF.
Zooming out to the HTF, Price has impulse down from the HTF ascending channel, and begin to form an expanding flat structure.
We see the latest price broke the...
Hi traders:
GBPJPY has begun its bearish move on the lower time frame, good indication that we may resume the higher time frame bearish run.
Overall price action was in the larger deeper parallel channel structure, correcting the price.
We see price was in the ascending channel structure, and had a strong reversal bearish impulse down.
After such aggressive...
Hello everyone:
NZDJPY is at the top of its HTF structure once again, and we are seeing bearish price action on the LTF.
Overall we can see price has been correcting in this larger HTF structure for quite some times now.
Every time when price is at the top, its good to look for sell opportunities.
Latest price has pushed up to the top, and a reversal bearish...
Hi traders:
Similar like NZDUSD, I am seeing more bearish price action in the making.
Overall price was in the HTF parallel channel structure, correcting the price up.
WE then see a strong bearish impulse out of that structure, good indication we can see more bearish continutations.
Latest price form this expanding type of flat structure, and we have price at...
