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Elliott Wave Analysis: GOLD Is Trading In 5th WaveHello traders and investors! Today we will talk about gold, its price action from technical point of view and wave structure from Elliott Wave perspective. Gold is coming sharply to the upside as a "safe haven" asset based on the latest US-Russia tensions. Higher inflation is also one of the reasons for higher metals. We see gold breaking out of wave (IV) triangle pattern, so we see this as a break towards new ATH. In the short-term however we should be aware of some pullbacks, but generally speaking, gold may stay up until it hits new ATH and fully completes final wave (V). Later then we will have to be aware of a higher degree corrective slow down. 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.
SAXO:XAUUSDLong
by ew-forecast
2
Palladium Looks Promising for further upside Hello everyone: Commodes such as XPD has been pushing up steadily in the last few months, and further upside is very possible. Here we can see the higher time frame of Palladium. After price made a sharp impulse move, it falls into a larger structure. With a swing highs and lows, double tops, and reversal bullish price action in the lower time frames to impulse up. Now price is forming another continuation, watch for this completion as a confirmation for more upside move to the top. Thank you
OANDA:XPDUSDLong
by jojofang0901
12
NZDJPY Interesting Development, Still Eyeing the Sell Hi everyone: Here on NZDJPY, we are seeing some structure evolving to a bigger consolidation, but the overall higher time frame to me can still be bearish, as long as the right price action develop. We can after the bearish impulse phase, price begin to consolidate, and the bigger, longer the correction gets, the more likely another impulse phase can follow. We see the latest development has shown a potential H and S pattern, and if the right shoulder can continue down, follow by continuation correction on the LTFs, then it can push the price lower. Alternatively, price can move up once more to the top of the larger structure, and if there is reversal price action, can still confirm the downside move. Thank you
Short
by jojofang0901
22
GBPUSD Continue the bearish price Hi traders: We are also seeing GBP pairs continue to get weaken, and more downside opportunities are shaping up on GBPUSD. From my previous GBPUSD forecast, price indeed formed a reversal correction, and a bearish impulse phase pushing the price down. After, price has consolidated again, this is a good signs of continuation price action once the correction completes. Watch for more downside setup to the previous lows. 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.
Short
by jojofang0901
16
GBPJPY More Downside, Watch for continuation Hello traders: Similar like GBPUSD, we can see more bearish price action from other GBP pairs as well. Here on GBPJPY, from my previous forecast and analysis, price did indeed push down impulsively, broke previous lows. After, price started to consolidate and form correctional structure. This is always a good sign for further continuation price action, if we see more lower time frame bearish continuation . Be on the look out for further downside, and watch the lower time frame for confirmations. Thank you
Short
by jojofang0901
27
BTC Short Once More Before Big Up Move Hi traders: Similar like ETH, I do see BTC is likely to make another short term down move, to complete the bigger structure on the higher time frames, and resuming the bullish trend. Price is currently within a consolidation after a bearish move down. ITs likely this can be a lower time frame, bearish correction to give the price one more move down, to the previous lows on the higher time frame. The completion of the move will create a larger, higher time frame structure that can potentially resuming the bullish up move from 2020. So watch for the price to confirm another short term down move, and wait for bullish reversal price action on the lower time frame to continue the bullish trend and bigger picture. thank you
BITSTAMP:BTCUSD
by jojofang0901
37
ETH One More Move Down Before The Big Up MoveHello everyone: Been looking at ETH on the higher time frame perspective, and its shaping up for some big move to the upside. Price has been moving down since end of 2021, and it has made several impulses and corrections on the lower time frames to be able to push down the price. Now we are getting close to previous lows, and higher time frame suggest a bigger consolidation structure is being made. Very possible we can get the price to reverse at the bottom of the area, and resuming the bullish trend from 2020s. Watch for price to make one more short term move down, and be on the look out for bullish reversal price action to confirm the bigger up move in the future. Thank you
BITSTAMP:ETHUSD
by jojofang0901
26
CORN Bullish Mid-Long Tern Outlook Hello traders: CORN has been moving up steadily since the late 2020, continue to impulse up and correct. We now see a larger, higher time frame descending correction that has been consolidate for about 5 months Latest development shows us a lower time frame double bottoms, and price has some LTF bullish price action. Be on the look out for bullish continuation price action to form, and look for completion of the correction for the buys. thank you
OANDA:CORNUSDLong
by jojofang0901
35
NSDCAD Analysis I Impulse Correction Welcome back! Here's an analysis of this pair! **NZDCAD is on its second push impulse wave, thus I expect a correction from previous resistance near 8760 area. It may return to support at 8708 or 8665, and then rise back to resistance 8760, and next stop 8920 zone. 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
by BKTradingAcademy
AUDCAD Reversal Price Action, Watch for Buy Hi everyone: AUDCAD is currenting in the larger descending structure that have potential to have bullish reversal price action opportunity. We can see the larger descending structure, correcting the price since the previous bearish impulse phase. With a few swing highs and lows, price has been consolidating within. The latest development is showing us a smaller, lower time frame descending channel, and a strong bullish impulse phase breaking to the upside. Watch for bullish continuation correction as a confirmation to look for the next buy to the top of structure. thank you DISCLAIMER: -My forecast and analysis are NOT financial advice, you should not trade and invest solely on this information.
Long
by jojofang0901
22
GBPNZD top of structure, wait for bearish reversal Hello everyone: GBPNZD has made its move to the top of the higher time frame structure, and now there could be bearish reversal opportunities. We can see after the initial bearish impulse phase from the higher time frame, price begin to develop into a larger channel like structure, with a few swing highs and lows. The latest development shows us a potential double tops, and top of the higher time frame structure. Its very possible to see price developing into a bearish reversal on the lower time frames, which can validate and confirm the higher time frame bias of the sell. observe price to wait for bearish reversal price action, bearish impulse down, follow by continuation to confirm the reversal. Thank you DISCLAIMER: -My forecast and analysis are NOT financial advice, you should not trade and invest solely on this information.
Short
by jojofang0901
47
GBPAUD Bearish Development, Watch for Sell Hello traders: GBPAUD is currently in a bearish ascending structure that could devleop into the sell confirmation. We can see a potential double tops, and price has been correcting within a ascending structure, moving up correctively. What we can expect from the price is a potential bearish move, if price is to break down from the structure, and form continiation ton confirm the downside. Alternatively, if price moves up one more time to the top, and if there is bearish reversal price action, can still look for sell setups from the top. 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. -I will NEVER private/direct message you to sell you anything.
Short
by jojofang0901
41
EURNZD Top Of Structure, Watch For Bearish Sell Hello traders: EURNZD is also showing some bearish price action at the top of the current structure. WE can see from previous impulse phase has pushed down price significantly, and has now formed into this current expanding structure. With a double tops, and a reversal bearish impulse, price is showing us signs of bearish price action. What we can wait for is a bearish continuation correction on the LTFs to confirm the further downside of the move. Be patient and wait for correction to develop and complete before consider an entry. IF price break above the highs of the double tops then it will void the sell forecast. 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.
Short
by jojofang0901
22
EURAUD Similar Sell Structure, Look for continuation down Hello everyone: Similar like EURNZD forecast, we can also see some bearish price action on EURAUD. After the previous analysis from the Head and Shoulder, price did indeed pushed down impulsively. Naturally after the impulse phase, price will begin to correct and form correction phase. We can see with a few swing highs and lows, and a double tops has given the price enough momentum to have the bearish reversal impulse on the lower time frames. Now that price has commit to the downside, watch for LTFs bearish continuation correction as another confirmation to look for further downside opportunities thank you
Short
by jojofang0901
22
GBPJPY Is It Shaping Up For Another Sell ? Hello traders: Last week we have seen some volatility in the market, and looks like due to the current global events that are happening, we could see some strength in the safe haven currency across the market. Of course still follow a plan to enter according to your perspective and view. Here on GBPJPY, we can see price on the lower time frames (LTF) has correctively move up to a double tops and there is reversal price action to push down the price on Friday. What we can be on the look out for is if price does form continuation correction, it can complete this "M" structure reversal, and confirm further downside of the price. So lets wait and see this week on how the price can develop on Monday. If price doesn't form bearish continuation and move up, then of course no entry and no trade. Move on to other opportunities :) 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.
Short
by jojofang0901
23
NZDUSD Bearish Price Action Still Valid, Still Look For Sell Hi traders: Last forecast and analysis on NZDUSD, we did see the bearish push down from the price, but similar like AUDUSD, we didn't see the price continue down more. Instead, we see price correctively move up again in a correctively ascending channel. Latest development we saw some reversal structure within the ascending channel. Now we can wait for price to commit to the downside, impulse phase down, follow by bearish continuation correction can confirm the more downside. Thank you
Short
by jojofang0901
20
AUDUSD Back To Top, Watch For Sell Hi traders: Last forecast on AUDUSD was able to pushed down the price to the previous lows, but didn't continue down further. After some corrective price action, the price moved up to the top again. We see a lower time frame double tops, and an ascending structure, looks clean for a possible bearish reversal again. Watch for price to commit to the downside with a bearish impulse, follow by continuation before entering. Thank you
Short
by jojofang0901
28
NZDCHF Signs of Bearish Continuations hello everyone: NZDCHF, also have clean bearish price developing, similar like AUDCHF. We can see a strong bearish impulse down from the price, and naturally price is developing into a correctional structure. Now we can see a bearish flag/channel like structure, correcting the price to the top. A potential double tops, ascending channel are nice reversals bearish price action. Look for bearish impulse down, follow by continuation correction on the lower time frames to confirm the sells down. higher time frame:
Short
by jojofang0901
39
WHEAT Is It Going To Reverse ? Wait For bearish Price Action Hello traders: WHEAT is also looking clean for the downside reversals. We can see that price has formed into a larger, higher time frame ascending structure, correcting the price up. We also see a clear rejection and a possible bearish reversal impulse, after hitting a double tops. HTF: Latest development has shown us a bearish reversal impulse after initially breaking to the upside. Watch for LTF bearish continuation correction, as a confirmation for further downside, if price can develop into. 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.
OANDA:WHEATUSDShort
by jojofang0901
9
OIL False Move Up, Can it Reverse ? Hi everyone: OIL has been on my watch for the last few weeks, and since the tension between Russia and Ukraine got worse, we did see a strong push to the upside initially. But, after last week, we are seeing some potential reversals on the lower time frame, which can develop more to confirm the overall higher time frame bias. Personally I do still see a possible bearish reversal price action on the HTFs, and now its all about confirming it on the LTFs development. If this ascending structure, can ended up complete its reversal, and a right shoulder could develop within, then its extra confluence to look for the sell setups down to previous lows. So, be patient and observe the price, if no bearish price action develops, then of course no entry, no trade, continue to watch the price. 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.
TVC:UKOILShort
by jojofang0901
14
CHFJPY Top Of Reversal Structure, watch for sell Hi traders: Similar across other JPY pairs, here on CHFJPY is also looking clean for bearish reversal downside. We can see a higher time frame ascending structure, correcting the price up. At the top of structure, clean bearish reversal correction as a Head and Shoulder, reversing down the price. Now that price has formed a right shoulder, continuation correction, watch for sell confirmation on the lower time frames to set the entries down to the lows. Thank you
Short
by jojofang0901
24