Hello everyone: Eyeing EURAUD for the reversal bullish run. We see price is in this overall HTF structure, correcting itself with a few swing highs and lows. Price is once again at the bottom of the structure, a recent double bottom, with a fallen wedge reversal price action on the LTF. Latest price has a strong bullish breakout, so wait for the LTF...
A quick analysis on IWM shows a huge wedge that's been forming since March. This isn't an unknown pattern, but I've mapped out some importanttrendlines that have been having an impact on overall price action. We actually gapped back up into the wedge Nov. 10 but now we're at risk of breaking down again.If we do, there are some areas of volume support so I don't...
Hello everyone: Looking at NZDUSD for the reversal price action at the top. We see price overall has been in this larger HTF structure for quiet sometimes now. Latest price action shows an ascending channel at the top of the HTF structure, good indication that a reversal may come. Look for any LTF continuation correction to get in the sell impulse down to the...
Hi everyone: GBPUSD is shaping up to be a good sell from the top of its current structure. When we look at the overall price action, from the top we see price impulse down aggressively, then begin a large, deeper correctional structure. Latest price action we see price gets push up correctively within an ascending channel, good sign of a reversal price action...
Hi everyone: Looking at EURJPY here for that continuation up move. From the Higher time frame, we see price has manage to impulse out of the larger descending channel structure. We then see price has a period of consolidations, and finally see a LTF break out. I would wait for the continuation correction on the LTF for possible long entry. Thank you
After a short down trend the price will most likely range on the trend channel above the round number 0.72000 which has a strong support level. After that we will see if which direction the price will break on that constriction. Patience is key! but most likely there's a high probability that it will continue to go down to the 0.70500 level.
Technical - Long position. Pattern: Bull flag - Consolidation. Fib Retracement: 0.618 Trade towards 161.8 Resistance zone Support: 1.29917 & 1.29655 Resistance: 1.30247, 1.30566 , 1.30807 Remember: Just a trade idea, not a recommendation. All the best, Trade Journal
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for AUDUSD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURNZD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURAUD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hi everyone: Looking at BA here for the bullish run this week. We overall price has been in this consolidation correction for quiet some times now. This parallel channel structure has been correcting the price since June, and we finally see strong LTF impulse momentum. Now, just because price breakout, do nest mean it will start climbing now. Waiting for...
Hi traders: As we know most of the equities have a strong start this week. ACB certainly is one of them. Looking at the price action, the strong bullish impulse is a great sign for further bullish momentum. But, don't jump into rush. Price likely to form a continuation correction here in order to push up the price further. So, patient is key, and observe...
Hi everyone: GBPCHF is also showing nice bullish momentum on the LTF which cna turn into the HTF bullish continuations. We see the overall price on the HTF had the similar rejection from the previous lows, double bottoms area. Price then pushed up, and formed this deeper correctional structure. LTF showed us price broke the previous lows, and a strong bullish...
Hi traders: My previous outlook on AUDJPY for last few weeks have been bearish thus far. However, recent price action development on HTF and LTF had me re-analyzing the overall market structure differently. Start with HTF, instead of a bearish ascending channel to push price down, we then see price start to develop in a bullish channel structure, then LTF...
Hello everyone: Eyeing NZDCHF here for the bullish continuations. When we look at the HTF overall price action, it was clear that price reached to the previous lows, down bottoms. Then strong impulse to the upside, and began to form larger, deeper correction. Latest price on the LTF shows us the strong impulse out of the correction, good sign for the bullish...
Hi traders: I was not in any trades before the election result, was very patient to wait for the market to settle down afterwards. Looking at USDJPY here for the next continuation up move. We see the HTF was in a larger expanding type of channel, correcting price since 2017. Latest price action shows us the same type of structure but on the LTF scale. Price...
If you like the idea, do not forget to support with a like and follow. on DAILY: GBPAUD is approaching a support in green so we will be looking for buy setups on lower timeframes. on M30: GBPAUD formed an inverse head and shoulders pattern so we are waiting for a momentum candle close above its neckline (and above the red trendline) to buy. Conservative traders...