NZDUSD, Bulls to take control from the weakness of DXY!NZDUSD has failed to push any lower as price was moving correctively In a falling wedge structure which we know in nature is considered a reversal pattern.
Price created a double bottom and impulsively broke upwards creating a bullish continuation.
Looking for more growth as DXY shows weakness.
Thanks
Trade Safe
Impulse
GBPCAD I Potential buy from support Welcome back! Let me know your thoughts in the comments!
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Bounced out of area of confluence Identified.
There is a case for a completed impulse here, and it seems to be struggling with this level.
Watching these levels if break below, and of course, how PA gets there and reacts.
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CADJPY 2H, Bulls exhausted. Time to Sell.CADJPY had a strong push upwards recently yet started moving correctively which is failing to push any higher.
As we know this is indicating a reversal is shaping up, which looking at the lower time frames, price broke out of the reversal structure currently developing a bearish continuation.
Look for a sell entry that fits your trading plan.
Thanks
Trade Safe
AUDCAD 4H, Overall Bearish Trend AUDCAD has been in a downtrend as we can see price impulsively pushed downward which is now in a bearish correctional phase making lower highs but holding the 0.92 level firmly.
Looking at areas of interest, I would like to see price break upwards and complete a larger correction as we add other bearish confluences like a double top and a 3rd touch on primary trend line.
Price may continue to follow the secondary trend and continue to make another lower high and break below the 0.92 level to continue downwards.
What's your view?
Share your opinion by leaving a comment!
Thanks
Trade Safe
USDCAD 4H, How do you view the price action?USDCAD has been moving upwards within the last week which has shown strong signs of possibility further growth towards an area of interest or looking at it from a impulse/correction view, we can see a price created multiple swing highs/lows on a bearish correctional phase indicating the next bearish run is possible.
Find an entry that meets your trading plan.
Share your opinion by leaving a comment
Thanks ,
Trade Safe
SANDUSDT Int Daily S/R| Psfp| .618 Fibonacci| Price Action Evening Traders,
Today’s analysis – SANDUSDT- trading towards a key resistance area where a rejection is plausible,
Points to consider,
- Price action impulsive
- Int-Daily S/R Resistance
- .618 Fibonacci Resistance
- Deviation
SANUSDT’s immediate price actin is trading towards a key region where there is resistance confluence with the int-Daily S/R and the .618 Fibonacci, this allows for a bearish bias.
Price action trading around the resistance will increase the probability of a potential deviation.
Overall, in my opinion, SANDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Trade the market in front of you, not the one you want!” – Scott Redler
Audjpyi think price after a impulse upside , in correction, and correction almost complete.
so price will be ready for another impulse.
tomorrow we have high impact news which I think AUD will be Strong.
So careful with this trade
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tell me what you think about this chart.
have a nice day
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed.
Quick basic short term idea, IF an impulse prints here. Cheers
$CREAM - Long Trade Set-Up$CREAM - Long Trade Set-Up
Entry Conditions:
- Expecting breakout of wedge
- Break back above 20EMA
- Break out of consolidation
- Bounce back above strong trendline
- Bullish Divergence
Yemi_Fx1 | Going short on AUDUSDPrice moved out of the reversal pattern (ascending channel) impulsively. Currently I'm waiting for the complete formation of flag continuation pattern.
A risk entry type within the flag at an area of value will be suitable.
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CADCHF (BUY) 4H: Bullish Flag Pattern Price action is shaping up for another impulse up as sellers failed to push any lower creating a double bottom and a reversal impulse with price currently within a continuation correction.
Look for a buy opportunity within the up coming week.
Share your opinion by leaving a comment!
Thanks
Trade Safe
Consolidation Breakout: Impulse and Continuation Consolidations are range bound.
The rules for a breakout (impulse) is to retrace it to confirm the exit, and then strike the low signaling the continuation...the beginning of a trend.
Notice the red arrow.
The impulse exited a range of a trending zone, but the retrace failed and there wasn't a continuation.
That is why to wait to strike bullish reversal....
Matic uptrend and why i know1, accumulation area number 1
2, clearance in area 2
3, no one will want to sell and just 1 hit will pumb
Ethereum Is In A Correction Within UptrendEthereum is making sharp recovery since the beginning of the year, which we see it forming a five-wave bullish impulse. The main reason for a five-wave rally is impresive recovery through the channel falling trendline, and also a push out of a base channel connected from the lows. Normally when an upper line of a bullish channel is broken, then we know that the move is accelerating and normally this occurs in wave three. Wave three is typically the strongest when compared to waves 1 and 5, so we can expect more gains untill all five waves are in place.
Notice that recently, the price slowed down at 1675 horizontal resistance, so we think that was wave 3 high. Therefore, after the current wave 4 corrective slow down we will expect more upside; it can be straight up form here or possibly after a bullish triangle or maybe even flat correction. In both cases we think that 1675 can be broken, and that support is at 1500 - 1450 area. The invalidation is at 1352; as long that holds, ETH can go higher.
Happy trading!
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GBPAUD D1 (BUY) Bullish Continuation Price action is shaping up for an bullish run as sellers failed to push any lower at the bottom of a HTF expanding structure, creating a reversal impulse followed by continuation.
I expect more growth on this pair, we can potentially see price make its way back up to upper boundary of channel, mid 1.8300 range for a high probability set up.
Find an entry that meets your trading plan.
Trade Safe
Thanks