GBPJPY | Bearish Continuation Correction + Ascending withinWe didn't get our confirmation entry this week but it's okay as we're approaching our swing high area correctively which increases our short probability, so nothing really changed.
Continuation
Short continuation on US30The index has been pressured by bears lately forming lower highs and lower lows. I am bearish until further notice. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
Waiting for volume to the down sideGU broke out the ascending channel and S&R now a continuation pattern forming
We Held The Line At .35 Now Lets Hold It At .30Bearish Divergence at 30 cents after successfully breaking and reversing the trend a few week ago now we look for potential continuation. This is a late entry and is not as good of an entry as we got a few weeks ago but it's still a valid one.
For further context check out the previous setups on doge in the related tab.
gbpjpy intraweek breakout to the downsidehi long time no post today im posting a analysis of the gbpjpy on the h1 tf i notice a few key leveles of s/r from the past few days and charted them in green if price breakes below the 151.8 lvl and retests it as support i would be looking to enter the market short as price continues down i have two price targets first tp is around the 151.4 round number and lastly second tp around 151.050 check the chart for a visual as of now no trade has been taken. let me know your thoughts below!
NQ1! - Diamond Continuation - 30 Minute PennantFound resistance at the 2 Hour UBB; achieved 35% of the Break Target To Date.
AUDUSD finally breaksYesterday I posted about how the AUDUSD will break and continue to the upside, as it did. Take profit one already has been hit looking for tp 2.
Price is at the point we're it might retest again and impulse, it already turned resistance into support.
Entry has been sniped waited to see Al of momentum then placed my stop loss tight, now my stop loss is in break even already secured profits. Just holding.
BTC Bullish Pennant and TargetLooks like sideways action for the next for or five days could be followed by a bullish break and continuation to the upside. Target for next short could be around $54k.
NZDCHF| Continuation Correction We took profits on the first push up this week, now we're looking capitalize on the next leg of the impulse, All we have to do is to wait for the correction to complete. I'm comfortable with all types of entries on this play whether Risk entry, breakout entry or a LTF correction after the breakout entry.
THE CARDANO TRAIN MAY HAVE NOT LEFT YET!! (ADAUSD)Please like and comment as it pushes me to keep creating content on pairs and my bias on it :) -This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx
usdchf next week strategy on usdchf this is a good pattern where there is an inverted head and shoulders with a target point of around 0.95 but it will take a long time to reach the target, it seems, so just anticipate it
LONG position on USDCADJust an update. I analyzed a buy setup on the pair as an intraday buy trade. The analysis played out.
GBPUSD 4H Long (Market Structure)Clear market structure idea, we can see new HH's also we might see that breakout (bullish pattern) as a New HIgher low. Fibonacci 0.38 is also extra confirmation for support level if this goes as we expected we can buy til fibonacci 0.78 please manage your risk if youre looking forward to trade on it.
EURGBP SHORTsituation :Trend UP changing to dwon
Position: looking go down in the 50% of the monday candle
Strategy :sell looknin R/B - 1/2
Late Entry Inverse Head And Shoulders Continuation Above PCZGRT has broken Above Our Buy Zone and is now forming a potential continuation pattern above it. I previously stated that GRT was at the PCZ of a Bullish Gartley on the Monthly and now we are above the PCZ but there still may be a chance for those who are here late to enter.
For the context behind the Monthly Bullish Gartley look at the related chart below.
Gold Long analysisi believe gold will go long position.The daily structure are strong and not easy to break.
USDJPY Buy SetupFor my chart of the day today, i am going with USDJPY, we have retraced and retested both the Psychological resistance and the 52 days moving average. Then we get a bullish engulfing pattern in the direction of the trend. My bias is to see the USD moving upwards.
BTCUSD Long following a nice pullbackSo far, we've seen a nice run on BTC. And its been a while since I've traded BTC, but as I missed alot of opportunities since last week, I figured tonight would be a good night when I saw that nice pullback. As I am seeing bullish structure being formed, I entered a LONG, hoping for continuation.
Reasons for entering trade:
0.618 Pullback of the last push up
Wyckoff schematic, entry on retest
Entry on predefined POI
As more structure is being broken to the upside, BTC is showing signs of strength for continuation
To be honest, I am not confident that we are going too much higher. I would like to see more structure broken to the upside before I think there is a chance that this could continue up. Even if it does continue up, we will likely see a large pullback to grab some of the liquidity created along the way.
As for this trade, I've entered a low risk, narrow SL trade, so even if it goes against me, not a big deal. If it breaks the fractal AR, then I will set BE and let it run. And if it continues, I'll take partials at the target in the chart, and let the rest run, hoping for continuation.
AUDJPY Short SetupTrend: Bearish
Structure: Support and resistance / Lower lows
Plan: We look for a continuation of the bearish trend. Price has bounce off previous higher lows (resistance) and has made a lower low, this along with MACD confirmation suggest a continuation of bearish trend
Continuation & Reversal Correction in price action structures
In-depth look at Continuation & Reversal Correction in price action structures/patterns
Hi everyone:
Today I want to revisit the fundamental aspect of trading impulsive and corrective phases in Price Action Analysis.
As you all know I focus on multi-time frame analysis and forecasting/anticipating the next impulsive move in the market.
To me, the most important part of identifying the next impulsive phase of the market, is to understand how correction works.
An impulse phase usually happens after a correction has finished correcting, so the key is to identify and understand how a corrections structure will complete so we anticipate the next impulsive move.
You may have seen my videos on this topic, but today I will go more in detail on this, and explain the 2 types of correctional structure the market can create.
The market can only be in 2 phases, impulsive phrase or corrective phrase.
In addition, the corrective phrase can only be continuation, or reversal.
So to fully have an edge in the market, is to understand what the correctional structure the price is currently making,
whether a continuation/reversal, then forecast the possible price outlook, and go down to the lower time frames for possible entries.
Now, it's important to understand that different traders/strategies/styles will call these patterns/structures in varies names.
What they are called or identify isn't important, but the important aspect is to understand whether they are continuation, or they are reversal.
In addition, simply seeing price action structures/patterns by itself, is not a good enough entry criteria for me.
You want to combine multi- time frame analysis, top-down approach, and with multiples of these price actions all happening so it adds extra confluence for you to enter a particular trade.
Seeing a H and S pattern, on a 5 minute chart, without considering the overall HTF and other factors, will not be a consistent move in the long run.
Continuation Correctional Structure/Pattern
Bullish/Bearish Flag
Bullish/Bearish Pennant
Parallel Channel
Reversal Correctional Structure/Pattern
Ascending/Descending Channel
Rising/Falling Wedge
Double Top/Bottom
Head & Shoulder Pattern/Inverse H and S
“M” and “W” style pattern
Reversal Impulse Price Action
I will forward all the price action structures/patterns videos I have made in the past to help you understand each of the structures more.
Impulse VS Correction
Multi-time frame analysis
Identify a correction for the next impulse move in price action analysis
Continuation Bull/Bear Flag
Parallel Channel (Horizontal, Ascending, Descending)
Reversal Ascending/Descending Channel
Reversal Double Top/Bottom
Reversal Head & Shoulder Pattern
Reversal “M” and “W” style pattern
Reversal Impulse Price Action
Continuation/Reversal Expanding Structure/Pattern
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
XAUUSD ANALYSIS - UpdateWe have now reached a support zone, formerly resistance as noted in the picture above. we still anticipate a break of this support level to create the next lower low which can be seen on the daily chart.
Now, the US will be reporting Home Sales and Job claims. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
The DXY also suggest we could see a push to the up side as we have broken resistance and maybe retested. Retail Forex sentiment on myfxbook.com sees 70% of retail traders in a long position while 30% are short. My bias is Short though we are at a zone price have respected over and over again. if we can break the zone (1794 - 1790), we could eventually see the flush to 1762.50.
on the flip side there are buyers grouped at the zone (1794 - 1790) and we are expecting news so anything can happen.
