Get started

Impulse

CHFJPY Bull Exhausted, Watch For Reversal Hello traders: Similar like NZDJPY and CADJPY, we can also see CHFJPY is showing signs of bearish reversal price action. After the previous move up, price is at the top of the previous high on the higher time frame. We can see the price is slowing down its bull momentum, and a corrective ascending channel has formed. Latest development show a bearish move down, out of ascending channel, good signs of possible further down Good idea to wait for the right shoulder of a Head and Shoulder pattern, to confirm a bearish continuation price action to go down more to the previous lows. thank you
Short
by jojofang0901
36
GBPAUD Watch for more downside Hi traders: Also on my watchlist is GBPAUD, for more downside momentum. From the top, we can see price clearly have a strong bearish impulse phase, and formed continuation correction to push the price lower. The latest development shows us another impulse phase, and follow by an ascending channel correction. Now that price has broken out of the ascending channel, good to wait for continuation correction to confirm the next down move to the lows. Thank you
Short
by jojofang0901
51
EURNZD Continuation Sell Hello everyone: EURNZD is back on my watchlist as we have now forming into a possible bearish continuation correction for more downside. We can see from the top of the expanding structure, strong bearish impulse down, and price begin to consolidate. With a few swing highs and lows, double tops, ascending channel within this latest correction, indicating more possible downside move. Wait for price to confirm impulse down, follow by continuation correction to confirm the setup. Thank you
Short
by jojofang0901
21
EURNZD More Downside, Watch for Bearish Development Hello traders: EURNZD has managed to drop impulsively the last few weeks. We can see from the top of the expanding structure, with a double top, ascending channel reversal, price indeed impulse down aggressively like my previous forecast. Now that price has reach the bottom of the higher time frame structure, a sharped pullback/consolidation has formed. This may be enough to continue the price down to the next lows, or price may move up once more correctively to form a bigger bearish continuation correction, and then continue down after. Be on the look out for both possible scenarios. Thank you P.S. I am taking a small break/vacation til next mid week :)
Short
by jojofang0901
6
Return of the DOGE ? Hello everyone: I haven't take a look at DOGE for a while and someone point out to me to have a look. On the HTF, we can clearly see many bullish impulse phases up follow by continuation corrections. Very possible that once the continuation correction finishes, there is possibility of another up move just as what we have seen before many times over. In the latest development here on the lower time frames, price formed a descending channel reversals within the bullish flag, and there is lower time frame impulse phase up. Now the price is at the top of the HTF structure, it be nice to wait and see if a continuation correction will form here, that would be the confirmation to look for buys again on DOGE to the next highs. Thank you
BITTREX:DOGEUSDLong
by jojofang0901
12
GBPCHF Impulse Correction Continuation Welcome back! Here's an analysis of this pair! **GBPCHF- Impulse leg on daily and 4 hr. followed by corrective wave/bullish flag. If we get the breakout, our target is 2400 zone (previous resistance). We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
AUDNZD Reversal Incoming, Watch For Sell Hello traders: AUDNZD is looking very clean for the possible bearish reversals. We can see a HTF potential double tops, and price has formed a larger ascending channel, correcting the price up. In the latest development, we see a smaller, lower time frame ascending channel as well, good signs of multi-time frame aligning up. We did see price reverse down from the top of structure, and smaller continuation correction has formed. Watch for more downside move, by identifying the next continuation correction to push the price down to the bottom of the structure. Thank you
Short
by jojofang0901
22
Weekly Trade Recap: UK100, NZDJPY, USDCAD 04-17-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 3rd- April 8th. UK100: running position Full analysis/forecast: USDCAD: Out for BE Full analysis/forecast: NZDJPY: Out for -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
OANDA:UK100GBP
by jojofang0901
11
How to analyze any market from scratch #3Hello everyone: Many of you have asked me to continue making more of these analysing from scratch video, so I have prepared another one here for you today. Not only will we refresh the previous 2 educational videos on this topic, I will go into a bit more details on the confirmation on the lower time frames with multiple examples in the chart. Recall from the previous videos I made, when we want to analyze the chart from scratch, we always start: 1. From the higher time frames (HTF) to identify the impulse/correction phases of the market conditions so we can come up with a possible bias and direction of the current price. 2. Once we have a possible direction and bias, then we go down to the lower time frames (LTF) to also identify the impulse/correction phases which will lead to your confirmation and entry. These are simple steps to follow, based on multi-time frame analysis, top down approach. Many have told me it's not hard to identify the HTF’s impulse and correction, but what can be classified as a LTF confirmation before entry? Let's take a detail look into a few examples: A LTF confirmation is when the price is developing a few more price action structures/patterns that align with your HTF direction and bias. These can be continuation/reversal corrections on the LTF; impulse phases on the LTF that go with your bias on the HTF; multiple corrections within the larger corrections (patterns within patterns)...etc. The more of these LTF price actions you can identify, the more it strengthens your analysis and forecast on the HTF. Thank you Do check out my previous educational contents on this same topic to better learn my approach to analyse any market from scratch. How to analyze any market from scratch #1 How to analyze any market from scratch #2
Education
by jojofang0901
18
ETHUSD INTO A FIFTH WAVE - ELLIOTT WAVE ANALYSISHi Elliotticians, ETHUSD made an impulsive drop from the 3309 lvl., which confirmed a completed correction in 4, and now a wave 5 to be underway, ideally towards the Fib. projection target of 0.5, and towards the lower parallel channel line (3105/3080 area). Once wave 5 fully develops with its five-wave sub-structure and finds support, that is when a new A-B-C recovery can be in the making. A sharp, impulsive rally in this case would suggest a completed wave 5 of a bigger impulse, and an A-B-C recovery. If price continues lower, decisively below the 3180 mark, then we may be looking at a wave 3 of a higher degree, and more weakness in view. Take care.
COINBASE:ETHUSD
by Gravity33
Weekly Trade Recap: USDCAD, ADA, ETH 04-10-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 3rd- April 8th. USDCAD: running position Full analysis/forecast: ADA: -1% loss Full analysis/forecast: ETH: -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
by jojofang0901
22
ETHUSD IN A TEMPORARY PAUSE, BEFORE A DROP - ELLIOTT WAVE Hi Elliotticians, ETHUSD is trading similar as Cardano, however here price can still be unraveling a possible triangle correction in wave 4, which means, wave 5 lower can still be in the cards. That said, a five-wave, a-b-c-d-e contracting move needs to be seen in fourth wave, before a triangle may be regarded as completed. Also a new impulsive drop would confirm a completed wave 4 and wave 5 to be underway. Take care.
COINBASE:ETHUSD
by Gravity33
USDJPY Could Retest The Highs, While US Bonds Are DownHello traders! Today we want to share an intraday update for USDJPY pair in which we see nice and clean bullish impulse in progress, ideally back to highs for wave 5 that can retest the highs and 125 - 126 area. The main reason why USDJPY may stay up is still an unfinished five-wave decline on 10Y US Treasury Notes. As you can see, there's a negative correlation, so if bonds are still pointing lower for wave (5), then USDJPY could easily stay up, while the price is above 123.05 invalidation level. Trade well! 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.
Long
by ew-forecast
1
EURCAD Reversal Price Action In the Making Hello traders: Also caught my attention is EURCAD for possible bullish reversal development. From the HTFs, we can see price has managed to move down to a previous lows, but within a descending correctional structure. This alone is usually not enough confirmation of possible reversal yet, hence we go down to the LTFs to see if theres further development. We can see now within the HTF descending channel, there is also a smaller, LTF descending channel as well. Good to have extra confluences stack on top. Now we just need to wait and see, if price can impulse out of the correction, and form further continuation corrections to confirm further upside move from the price. thank you
Long
by jojofang0901
27
NZDCAD Bullish Price Action, Wait For Buy Setups Hello traders: Also looking at NZDCAD for the potential upside move. WE can see price has formed a larger descending structure, correcting the price down. Latest development has also formed a lower time frame descending channel for potential bullish reversal price action. What we can wait for is price to commit to the upside, with a lower time frame impulse phase, pushing out of the descending channel, then wait for confirmation of a bullish continuation correction for the buys. if price does indeed impulse higher and out of the larger, higher time frame descending structure, then look for further continuation correction for more upside. Thank you DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
Long
by jojofang0901
13
Elliott Wave Analysis: Natural Gas Is Breaking Bullish TriangleHello traders and investors! Today we want to share Natural gas chart, in which we see pretty nice and clean bullish development. As you can see Natural gas is up since 2020 lows and looks like it's still unfolding five waves up from the lows. From Elliott Wave perspective, we are currently tracking big bullish triangle pattern in wave (4), which looks to be completed with recent breakout above upper triangle line. So, if we are on the right path, then Natgas can be on the way even higher, ideally towards 7 area for wave (5), where we see important Fibonacci cluster target zone. From technical perspective, as long as the price is above strong daily black trendline connected from 2020 lows and above 4.0 level, we can expect a bullish continuation at least towards 7.0 area. Trade well! 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.
NYMEX:NG1!Long
by ew-forecast
AUDJPY HAS BULLISH CHARACTERISTICS - ELLIOTT WAVE ANALYSISHi Ellioticians, this is my current look on the AUDJPY. A possible bullish advance unflding, up from 90.76 level. Price can be in a black wave (iii), with possible projection target of Fib. ratio of 2.0. At the mentioned target a correction can start developing. Wave (iii) is an impulse, therefore five legs must unfold within it, before a correction as wave (iv) may start unfolding. The parallel channel line suggests where wave (iv) correction can find support, once it starts to develop (at the middle parralel line, or at the lower one). In case a sudden impulsive reversal starts unfolding towards the 90.75 level, then this would suggest a bigger, complex correction to be underway from the 94.32 level. On the other hand, more bullish and impulsive price activity would be a bullish sign. Trade well.
by Gravity33
2
TESLA PUSHING HIGHER- ELLIOT WAVE ANALYSISHi Ellioticians, Tesla is trading impulsively bullish on the 30min chart from the 700.1 lvl. We labelled a five-wave advance in motion, where price can now be ending a wave 3. Ideally wave 3 will end near the Fib. projection ratio of 2.0 and price will start to retrace into a corrective wave 4. If wave 3 extends even higher, then 2.618 Fib. projection ratio can be then next area, where wave 3 can come to an end. Corrective wave 4 can look for support at the upper parallel channel line and at the former swing low, at the 985.2 lvl.. A break below 887 invalidation lvl. would invalidate the count. Trade well.
NASDAQ:TSLA
by Gravity33
Weekly Trade Recap: ADA, ETH, EURNZD, GBPAUD 04-03-22 Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 27th - Apr 1st. ADA: running around BE Full analysis/forecast: ETH: running around BE Full analysis/forecast: GBPAUD: Out for +2.5% profit Full analysis/forecast: EURNZD: Out for +0.5% profit Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
BINANCE:ADAUSD
by jojofang0901
25
LAST IMPULSE FOR LUNA BEFORE ITS CORRECTIONHello traders Today we are looking at the LUNAUSDT where thanks to the Elliot Waves Analysis we are achieving the wave 5 of its entire impulse trend My objective zone is betweeen $122 and $128, it is where the strongest Fibonacci objectives are. Additionally, we can see that we are having a triple Bearish Regular Divergence from the last high of the 26th december, (but it is even older than this date too) ----> (if you go weekly, you can tell by the indicator that we are also having a triple B.R.D from the beginning of its listing) Normally when finishing an impulse, it happens a correction wave (ABC for instance) Hope you find it interesting.
by ModTrades