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Impulse

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
Elliott Wave Intraday Analysis: USDCHF Is Slowing DownHello traders, today we will talk about USDCHF pair. We will show you price action from technical point of view and wave structure from Elliott wave perspective. USDCHF came higher very aggressively back in April and at the start of May, but after recent slow down for the US dollar, we can see USD is the weakest against CHF currency. So, USDCHF pair can be now trading in an Elliott wave (A)-(B)-(C) corrective decline. In Elliott waves, we always have to expect corrections to be made by three waves A-B-C, especially if we get a five-wave impulse in the first leg A. With current sharp and impulsive decline, USDCHF can be now finishing an Elliott wave five-wave cycle within first leg (A). So, bounce and Elliott wave three-wave A-B-C corrective recovery in wave (B) can be around the corner before we will see another decline for wave (C). Resistance can be anywhere between 0.98 – 0.99 area. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
NZDJPY Same Potential Bearish Price Action, Watch for Sell Hi traders: Also eyeing is NZDJPY for the possible bearish sell opportunities. We can see from the higher time frame that the price has reach a potential high, possible double tops. Price created this expanding structure and from the top of the structure, we can see there's a bit more lower time frame development. No further bullish price action, instead, a reversal development, and price does look bearish on the lower time frame. Watch for sell confirmation, if price can impulse down further, and form bearish continuation corrections, then it can push the price down more. Thank you
Short
by jojofang0901
37
SPX - Second BULLISH PLAN for the SP500Hello traders, Today we are analysing the S&P500 where you can see everything on the chart. **Like my previous analysis on S&P500, we are BULLISH, but for a different plan (the other one is a WXYXZ)** After just finishing the ABC pattern , we might be entering the 5 purple of the V orange. Therefore we have arround 4 objectives: 1- 4526 2- 4920 3- 5046 (strongest) 4- 5560 Tomorrow we will have the retail earnings, and it look very bullish for Walmart, Home Depot and Target, so it will be one of the factors why we will have big green candles this week! Have fun and don't hesitate to look the other idea on S&P500 linked below . . . And comment if you have any suggestion !
FX:SPX500Long
by ModTrades
3
SOYBEAN Can Push Higher, Watch for bullish development Hello traders: Also have SOYBEAN on watch from the commodity market. We can see from the HTF: Price is potentially forming a continuation correction after the previous bullish impulse phase up. On the lower time frame, we can see the bullish continuation correction a bit more clear. With a few swing highs and lows, price made a descending channel and correct the price down to the last swing lows. Latest development shown a lower time frame impulse up from the descending channel, and formed more continuation correction. Expect the price to continue higher, and possible breakout of the larger correction, and more continuations to form to impulse up on the higher time frame. Thank you
OANDA:SOYBNUSDLong
by jojofang0901
6
BITCOIN Higher Time Frame Outlook Hello traders: Once again we are at this current development of BTC where its possible to have different bias and perspective. I will breakdown the 2 possible scenarios, and how to look for the bigger play in the near future. Currently price has manage to break above the lower time frame correction, but it should be confirmed with a continuation correction to validate the upside move. But, the lower time frame correction can easily continue to develop, and ended up with a bearish correction to move down once more. If that's the case, price once price moved to the previous lows, or the bottom of the higher time frame correction, its good idea to wait for bullish reversal price action at the bottom, and look for long term buys to the top. Will see which of the 2 scenario will happen, and capitalize accordingly. Thank you
BITSTAMP:BTCUSD
by jojofang0901
32
BITCOIN Where To Buy ? Save This For Future Reference :) Hello traders: Crypto market has been dropping hard in the last few weeks, and many have asked me when is it to start buying again. Lets take a detail look into BTC from the higher time frame perspective. We can see after the initial bullish impulse phase of the market, price naturally develops into a larger correctional structure. We are getting a few swing highs and lows, which is good to identify as a correctional structure. From the all time highs area, price formed a double tops, ascending channel, and H and S to give us confluence of the sell. Price continue to impulse down and follow by lower time frame correction. We are not yet at the previous swing lows, so what I forecast and suggest is price can consolidate once more, and push the price down to the previous higher time frame lows, which could complete the overall structure. Once price reach the bottom area, its important to wait and see if any bullish reversal price action will form at the bottom. Those confirmation will be important to see whether the price can resume the previous bullish impulse phase and expect another upside move from the price. I will be updating this chart as we go on next few weeks/months :) thank you Jojo DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me (Jojo), my channels/platforms (Aeris Trading) to scam people. Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money. Be alert of fake and scam channels/groups/platforms using my name (Jojo) and channel/group name (Aeris Trading) to show unrealistic results and profits to sell you scams.
BITSTAMP:BTCUSD
by jojofang0901
37
AUDJPY More Bearish Price Action, Wait For Sell Confirmation Hello traders: Also on watch are few JPY pairs as they mostly are showing good signs of reversal bearish price action. Here on AUDJPY, from the HTF, we can see price has break above a previous highs, but no signs of continuation price action. Where as on the lower time frame, more bearish price action has developed and form. We see an ascending channel and price indeed reverse impulse down, and formed more continuation correction. Now that we have another bearish impulse phase down, would be interesting to see if price can form more continuation correction after breaking the previous lows, in order to confirm more downside opportunities. Wait for that confirmation before placing entry orders, if not confirmation or continuation correction, then no entry no trade. Thank you
Short
by jojofang0901
18
NASDAQ More Downside Possible, Watch For Sell Setups Hello traders: Looking at most of the US Indices market, they do seem rather bearish and could possibly continue more downside momentum. From the higher time frame, we discussed the possibility of a the bearish market since January Where as on the lower time frame, we continue to see more bearish price action. From the previous bearish outlook/forecast, price indeed push down to the previous lows, and continue down Now that we see a clear impulse phase that broke the lows, good to wait more continuation price action to form, to confirm another impulse phase to the next lows thank you
OANDA:NAS100USDShort
by jojofang0901
17
NASDAQ Can Push Lower, Look For Bearish Continuation Hello traders: Since last wee we have been seeing bearish development on the lower time frames across the indices market. Here on NASDAQ, we can see the HTF ascending channel was completed, and strong bearish impulse phase down. After hitting a previous lows, price begin to consolidate into a possible continuation correction. With a few swing highs and lows, double tops, price did reverse down on the lower time frames. Since there hasn't been a significant continuation correction, that's what we can wait for to confirm another move down to the previous low. Be on the lookout for bearish price action to form correction and look for the sell down. Thank you
OANDA:NAS100USDShort
by jojofang0901
28
SPX500 Look For More Bearish Move Down Hello traders: Similar like NASDAQ bearish outlook that I shared, we can also see SPX is showing good signs of bearish continuation down move. from the HTF ascending structure, price had a clear impulse move down from it. Naturally price will correct and form into consolidation if the bearish momentum is still there. We then see an expanding structure has formed, together with a double tops, and price indeed reversed down from it. Now, the latest development has shown a consolidation within the larger expanding structure, this can possibly lead to another down move once the consolidation finishes. Thank you
OANDA:SPX500USDShort
by jojofang0901
23
USDCAD Continued Higher, More Chance To Buy ? Hello everyone: Nice to see USDCAD has play out perfectly on the higher time frame and lower time frame to continue its bullish price action. Starting from the higher time frame, We can see price has formed a larger continuation flag structure, with a clean double bottoms, and price indeed pushed higher. On the lower time frame now, we also see an impulse phase follow by a continuation correction, with a lower time frame double bottoms the impulse the price up. Now that we see price is at the top of the continuation structure, it be good idea to wait and see if the price can form another lower time frame correction here, to confirm more upside potential. Wait for the confirmation of a bullish continuation correction on the lower time frame, and look for more buying opportunities to the next highs. Thank you
Long
by jojofang0901
5
USDCAD Bottom Of Structure, Watch for reversal Hello traders: Looking at USDCAD and its current price action for the possible bullish move up. On the higher time frame, we can see a clear impulse phase up, and a larger, parallel channel like correction that has been going on for many years. Price is right back to a double bottoms, and there is a lower time frame bullish reversal impulse. Now lets take a look at the lower time frames, we see a similar correctional structure after the bullish impulse up. These are good signs of multi-time frames that have the same direction and bias, can further strength our outlook and overview view. Now that on the LTFs, we see a small, double bottoms, and a descending channel. Price has indeed reverse up from the descending channel correction. To confirm more upside, wait for another LTF continuation correction to form, to validate the next up move. Thank you
Long
by jojofang0901
30
EURCAD Bottom of Reversal Structure, Watch for buy Hi traders: EURCAD could be shaping up for the buy that we have been patiently waiting for. We can see a larger, higher time frame descending structure, correcting the price. Within the correction, many extra confluences to give us a multi-time frame analysis. We see a falling wedge, price formed a lower time frame descending channel, and there is a strong impulse up. To confirm more upside potential, wait for continuation correction to form within the wedge for a high Risk: Reward entry, or wait for price to impulse out of the wedge, and look for same bullish continuation correction for a safer entry. Thank you
Long
by jojofang0901
31
EURGBP Ready For More Up Side ? Hello traders: Also eyeing EURGBP for the bullish reversal price action. We can see from the higher time frame, after the big impulse phase up, price falls into an expanding structure, correcting the price. We then see a large, descending channel, move the price down correctively to a double bottoms, and bottom of expanding structure. Latest development shows a strong bullish impulse phase from the lower time frame, good signs of bullish momentum To confirm more upside, price needs to consolidate and form into continuation correction before giving us the confirmation to enter for more upside. Thank you
Long
by jojofang0901
41
NZDCAD Bottom of price action, watch for buy again Hello traders NZDCAD once again has hit the previous lows and start to form bullish reversal price action. From the previous forecast/analysis, price had the impulse up but did not break above the descending structure to continue. All that mean was price wasnt ready for the upside yet as we are still in the larger descending structure. But now price has made its way back to the bottom, and hitting the bottom of structure, potential double bottoms. Latest lower time frame did form reversal price action, so be good idea to wait for bullish continuation correction to form and complete, in order to confirm the bullish upside. Thank you
Long
by jojofang0901
8