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Impulse

Whats the possible direction of the USD ? Hi traders Looking at Dollar Index, we can get some potential USD development and direction in the up coming weeks/months. Here on the higher time frame, since last year of July 2021, price has been in a strong bullish impulse phase to the upside. Many continuation price action along the move up. Now that we have hit the previous highs, and top of structure, there's more development that may give us different outlook. Originally it broke out of the structure, but, there was no bullish continuation correction formed. Instead, Price has now create a double tops, and bearish reversal impulse to push down the price. This is a good indication that price on the lower time frame is potentially exhausted, and there could be more confirmation for a bearish USD in the making. What we can be on the look out for next few weeks is to see whether we can get a consolidation on the lower time frame on DXY, giving us a bearish continuation price action that can continue the bearish momentum to the next low of the price. Any other USD analysis, view or forecast welcome to share and discuss :) thank you
TVC:DXYShort
by jojofang0901
47
EURUSD Is It Going to Reverse Up Now ? Hi traders: EURUSD is on route to have some bullish reversal price action on the lower time frame and price could be ready very soon for another up move potential. From the higher time frame, we can see price has now hit the previous swing low, and no further bearish continuation price action. Instead, a double bottoms has formed, and an inverse Head and Shoulder pattern has also formed. These are good signs of bullish reversal price action on the lower time frame. Be on the lookout for a completion of the right shoulder, and look for smaller, lower time frame continuation corrections to form once it impulse up to confirm and validate the next buy setup. Thank you
Long
by jojofang0901
14
GBPNZD Possible Continuation Downside, Wait for Confirmation Hi traders: Also looking at GBPNZD for continuation bearish price action. After the initial bearish impulse from the top of the higher time frame structure, price was on route to break out of the structure. Instead, it started to form an ascending channel like structure, correcting the price within. However, the lower time frame correction is not showing signs of bullish momentum or price action. It its more of a bearish continuation correction, that could lead to another downside move. Be on the lookout for bearish continuation corrections on the lower time frames, to confirm and validate the sell. thank you
Short
by jojofang0901
12
EURAUD More Bearish Price Action, Watch for Sell Hello traders: Here on ERUAUD, price is not forming possible continuation price action, that could lead to more bearish downside move. From the top, we can see price had a sharp bearish impulse down from previous correction. Naturally, price will have to correct and consolidate for the next impulse phase. WE can see the latest development has a possible correctional structure, and price is on route to breakout now. To confirm and validate the setup, wait for continuation correction to form and complete on the lower time frame, before placing entry orders Thank you
Short
by jojofang0901
13
EURCAD More Upside, Watch For Buy Hello traders: Looking at EURCAD's overall price action, there could be more opportunity for upside. From the higher time frame, we can see price has hit a previous swing lows, and started to slow down and consolidate. This could lead to a potential double bottoms for upside reversal. On the mid time frame, we can see a clear descending structure correcting the price, and within, another descending channel. Together, with the lower time frame double bottom, and strong bullish impulse that breaks out of the reversal correction, good sign of bullish momentum. Be on the lookout for continuation correction price action on the lower time frame to confirm the upside move. thank you
Long
by jojofang0901
24
SOLANA 1/2 Year Of Consolidation, Is It Time For Upside? Hi traders: SOL has been in a consolation since last year in November, and price has not form into a possible structure that could give us a buy opportunity in near future. We can see from the previous higher time frame impulse move, price pushed up aggressively, and has now formed into a descending structure. With a few swing highs and lows, price has slow down its bearish momentum, and possible reversal on the lower time frame It be nice for the price to consolidate at its current price range, that could lead to a bullish continuation correction on the lower time frame, which can kick off the next bull run here. Watch for lower time frame development to confirm the buy opportunity in the next few weeks. thank you
FTX:SOLUSDLong
by jojofang0901
11
MATIC Wait For Bullish Price Action To Buy Hi traders: Also eyeing MATIC for the bullish long term opportunity. From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction. Price begin to form into another consolidation for possible another up move. On the lower time frame, we can see a few good bullish price action. Double bottoms, bottom of the higher time frame structure, and signs of bearish momentum being exhausted. Be nice to wait for a bit more bullish development on the lower time frame to give us the confirmation we need, to look for a longer term buy setup to the next highs. Thank you
MLong
by jojofang0901
6
ETH Bottom of structure, wait for reversal for big buys Hi everyone: Ether is also developing nice bullish price action on the higher time frame, and if the lower time frame develop bullish reversal price action, this can start off the next bull run. After the initial bullish impulse up move, price naturally falls into a consolidation/correction. With a few swing highs and lows, price has created a larger, higher time frame correction, looking possible for bullish continuations. We can see the latest development, price made one more bearish impulse down, hitting previous swing lows, good signs of possible double bottoms. To confirm the big up move potential, wait for lower time frame bullish reversal price action to develop and complete, in order to look for entries for up move. If price simply break below and impulse down, then no entry no trade. Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
11
Polkadot Higher Time Frame Bullish Outlook Hello traders: Also on watch for the week ahead is DOT. Majority of the bigger cap coins are developing similar across the market. Here on DOT, we can see the higher time frame has formed into a nice expanding structure, correcting for the previous impulse move. The latest development has shown price hit the previous lows, potential double bottoms. Last few couple days have shown bearish price has slow down, and momentum could be exhausted. To confirm the upside for entry, wait for some lower time frame bullish reversal price action at the bottom of the higher time frame structure. This could kick off the next bull run if it is confirmed.
KRAKEN:DOTUSDLong
by jojofang0901
5
BTC Continuation Upside, Don't Miss The Chance Hello everyone: Here on Bitcoin, from my previous outlook and forecast, price indeed made that bearish move down to the lows which was expected. Price pushed to the bottom of the previous lows, since it needs to develop a bigger continuation correctional structure for the higher time frame next impulsive move. We can see now price has indeed hit the lows, and the bearish momentum has slowed down on the lower time frame, and possible double bottom could be forming. To confirm the upside, we need to wait and see the lower time frame development. Can we see some strong bullish reversal price action on the lower time frames, that can give us the confirmation we need to look for long term buy and hold. Will be updating next few days/weeks on how price develop. IF price doesn't form and bullish reversal corrections, and continue to drop lower, then of course no entry, no trade.
BITSTAMP:BTCUSDLong
by jojofang0901
8
NZDCHF Bullish Outlook, Watch For Buys Hi traders: Also keeping an eye on NZDCHF bullish price action development. We can see from the higher time frame, price has a strong bullish impulse phase up, and falls into a larger, continuation flag structure. Within the larger structure, there are many corrections that moves up and down to form into this current large structure that the price is in. Latest development shows a strong lower time frame impulse up, and possible forming into a smaller continuation correction. Wait for price to impulse out of the smaller correction, follow by continuation correction as the confirmation for entry,
Long
by jojofang0901
8
NZDCAD Descending Structure, Bullish Reversal Hello everyone: Similar like NZDUSD, we can see here on NZDCAD has very similar bullish reversal price action on the higher time frame. Price is currently in the large, descending structure, correcting the price down. With multiple swing highs and lows, we can tell this is the correctional phase of the market condition. Latest development give us a lower time frame descending channel, at the bottom of structure, good signs for possible bullish reversals. Wait for more lower time frame development, if price can form bullish price action, and continuation corrections, then it can confirm the next move to the previous highs. Thank you
Long
by jojofang0901
22
AUDCHF Continuation Price Action, Wait For Buys Hi everyone: AUDCHF has good bullish price action that can lead to another buying opportunity. WE can see from the initial impulse phase that leads into a continuation correction. From the continuation correction there is a confirmed impulse up, out of the correction. Good signs of more bullish momentum. Now that we can see price has also formed a lower time frame correction and looking like a continuation flag to push the price up more. Good to wait for price to impulse out and look for lower time frame confirmation to buy to the next highs and higher. Thank you
Long
by jojofang0901
18
NZDUSD Can It Start To Reverse ? Hello traders: Here on NZDUSD, price is once again at the bottom of structure, and forming possible reversal price action. From the higher time frame, we can see strong bullish impulse up to reverse the COVID sell off, and price begin to form into the flag/descending channel structure. On the lower time frame we are seeing the correction continue to develop, multiple swing highs and lows to correct the price within. Latest development showed a nice fallen wedge reversal at bottom of HTF structure, and a bullish impulse break up. Good idea to wait for bullish continuation correction to form and complete, to give a possible entry to the next highs. Thank you
Long
by jojofang0901
5
AUDUSD Bottom Of Structure, Watch For Buy Opportunity Hello everyone: AUDUSD has started to form some bullish price action on the lower time frame, and we could potentially see some upside move very soon. Start from the higher time frame, after the COVID sell off, we see a strong bullish impulse up move form the price. Naturally price will need to correct to continue, so we see a larger, flag/descending structure in the making. On the lower time frame, we can see a bit more bullish price action. A nice double bottoms, fallen wedge reversal are all good development for bullish reversal. Latest price did have a impulse phase up, breaking above the wedge. Be on the look out for more continuation price action, to confirm the buy opportunity to the next highs. thank you
Long
by jojofang0901
10
AUDJPY More Downside Possible, Watch For sell Hello traders: AUDJPY is showing more downside possibility, and we can certainly expect more JPY pairs to gain strength. From the higher time frame, price formed double tops, H and S pattern and strong bearish reversal down. On the lower time frame, price start to develop more bearish price action, with impulses follow by corrections downward. Good signs of the bearish momentum to continue. Price just made another ascending channel as a continuation for more downside, watch for lower time frame bearish corrections to get in the sell down. Thank you
Short
by jojofang0901
15
EURJPY Same Bearish Reversal, Watch Cor More Downside Hi traders: EURJPY has also developed nice bearish price action from higher and lower time frames. Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs. Instead, we see a H and S reversal structure, and on the lower time frame, strong bearish impulse broke below the lows. Latest development has formed correction on the lower time frame, good signs of further bearish price action. Look for continuation, bearish impulse to break out for confirmation to the next lows. Thank you
Short
by jojofang0901
36
GBPJPY More Downside, Watch For Continuations Hello traders: GBPJPY has show good bearish price action since end of April, and we could potentially see more bearish downside. From the HTF we can see the overall price has hit a top of a higher time frame structure, and signs of bearish reversal move down. On the lower time frame, a Head and Shoulder pattern has formed, price impulse down, broke previous lows, and formed possible continuation correction. Good idea to look for confirmed impulse out to of the continuation correction for best entries down to the next lows. Thank you
Short
by jojofang0901
43
NZDJPY Follow the JPY Strength for More downside Hi traders: Also on watch is NZDJPY which has been pushing down aggressively from the top. From the higher time frame we can see clean double tops, expanding structure, and price indeed reverse down from the top of structure. Here on the lower time frame, price formed that double tops, ascending channel, and strong bearish impulse down. With a few impulses and corrections, price is able to continue down more. Latest development shows an ascending channel/rising wedge correction, good signs of more bearish price action. Look for lower time frame continuation to push the price down more. Thank you
Short
by jojofang0901
27
SILVER Higher Time Frame Bullish Outlook Hello everyone: Closely watching SILVER for the higher time frame long term bullish upside. We can see from the yearly perspective, price continue to correct after the strong bullish impulse phase after COVID crashed. We can see a large, correctional structure has developed, with multiple swing highs and lows. on the lower time frame, we also see a triple bottoms, price has hit the lows of the HTF structure. There is descending channel and possible bullish reversal price action in the making. To confirm the bigger picture, we should expect to consolidate on the LTFs, and form continuation correction to confirm the upside move. Thank you
OANDA:XAGUSDLong
by jojofang0901
5