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Impulse

CARDANO Is It Time To Rise ? Watch for continuation price action Hello traders: ADA has been in a decline since the initial strong bullish impulse up after reaching the $3 price. It has been in a bearish price action and continue to correct within a downward correction since. We can see price temporary broke below the $1 mark, but quickly reverse up and formed bullish impulse phase on the lower time frame. This is a good sign that price has formed a low, double bottoms, and reversal price action has formed. Its within our interest to wait and see if price can develop a bullish continuation correction as it has broken above the descending channel structure. Look for previous highs as potential targets if price does give is the confirmation ion to enter. thank you
BINANCE:ADAUSDLong
by jojofang0901
25
Weekly Trade Recap: EURNZD +1.7%, GBPAUD +2.3% 03-25-22Hello traders: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 13 - 18th. EURNZD: Running for +1.7%, 1.7:1 RR Full analysis/forecast: GBPAUD: Running for +2.3%, 2.3:1 RR Full analysis/forecast: EURAUD: Out for +3.31%, 3.31:1 RR Full analysis/forecast: GBPNZD: Out for +1% profit, 1:1 RR 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
11
EURAUD Another Down Move Likely, Look For Bearish Price Action Hi traders: Also looking at EURAUD for more downside opportunities. We can see from previous forecast and analysis, price completed the continuation correction, and strong bearish impulse down, broke the previous lows. After such strong move, naturally price needs to correct in order to continue. We did see a lower time frame ascending channel, smaller H and S. This may be enough to push price lower, but also take into consideration a bigger consolidation may formed as well. So do be on the look out for these 2 possible scenarios to give price enough momentum to continue lower to the next lows Thank you
Short
by jojofang0901
22
EURNZD 2 Sell Development Scenarios Hello traders: Here on updating more on EURNZD's bearish price action. After the strong bearish impulse phase down, we can expect consolidation to form before the next possible continuations. Price has currently formed an ascending channel correction, and indeed a bearish development on the lower time frames has push down the price now. As we get close to the previous lows, 2 possibilities could develop: Either we can see price breaks the lows and continue down to the next higher time frame swing lows or makes a corrective up move to the previous highs simply evolving the structure to a bigger correction, then still look for bearish price action for sell. thank you
Short
by jojofang0901
26
Elliott Wave Analysis: USDJPY Yearly UpdateHello traders! Today we want to update our USDJPY chart from January 2021, when we mentioned and highlighted the bottom and bullish reversal with ending diagonal (wedge) pattern and weekly bullish engulfing candlestick formation. As you can see on the left, since then USDJPY is in massive and impulsive weekly rally within a five-wave cycle, where we are tracking final wave V. However, looking at the smaller time frame, in the 4-hour chart on the right, we can still see it trading in an extended wave V, which should be completed by a five-wave cycle of the lower degree. That being said, seems like USDJPY has room for more upside, but currently it can be finishing wave (III) of V around EW channel resistance line, so be aware of a pullback in wave (IV) that can occur anytime soon. Once USDJPY starts sharply falling back below EW channel support line, this is when we can start tracking a correction in wave (IV), where ideal support would be around December 2016 highs and 118 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.
by ew-forecast
3
USDCHF Look For Bearish Move hello traders: USDCHF has a nice bearish development in the last week. WE can see price has moved up correctively to the top of the higher time frame channel structure, formed an ascending channel. Within, we can see lower time frame head and shoulder reversal, and price had a strong bearish impulse phase down. Latest development shows a possible correction after the down move, this could help the price to continue lower down to the next lows. Look for more bearish continuation correction on the lower time frames for possible sell. thank you
Short
by jojofang0901
32
AMAZON Lookin to Advance Higher - Elliott WaveHi Elliotticians, Amazon.com is making a bullish impulse on the weekly time frame, and can currently be ending a corrective wave IV of a higher degree near the Fib. ratio of 0.382 and 0.50. A completed three-wave correction in IV, followed by an impulsive rally above the 3762 lvl. would be a confirmation that wave V us underway. Alternate scenario indicates a completed bullish impulse at current highs, which means we may expect a minimum three-wave reversal. Trade well.
NASDAQ:AMZN
by Gravity33
AUDJPY Why Wouldn't it drop yet ? Take a look here Hello traders: Been receiving many inquiries about AUDJPY, on the potential bearish bias of the price action. I have sharing many forecast and analysis on AUDJPY, but it seemed price has yet to commit to the downside. This is something that I haven't experience before where there's a consolidation period of the price, and the market is just getting ready for the bigger move once the consolidation is complete. We can see here first on the higher time frame, Price is in a larger, consolidation correction after the initial up move. We can see a clear structure within few swing highs and lows, bouncing up and down the price. The latest development on the lower time frame can give us a bit more clues on the potential direction of the price. With a lower time frame bearish impulse down, and now is forming a parallel channel correction, and within more and more bearish price action development such as rising wedge, ascending channel to give us more positive confluence to look for sell setups. Watch for bearish development now to confirm another downside move, or alternatively, price could move up one more to a double tops, and top of HTF structure before the move down. Thank you jojo
Short
by jojofang0901
19
Watch NZDUSD to commit to downside hello everyone: Similar like AUDUSD, I have been sharing NZDUSD forecast for possible sell. They continue to move up correctively, but it doesn't void the potential bearish development from the price. Now we can see the ascending structure continue to evolve and develop, more bearish bias are formed within. The latest development show smaller ascending channel, and a sharp bearish reversal impulse down. Be on the look out for bearish continuation on the lower time frame to develop, and confirm our sell bias to the lows before entry. Thank you
Short
by jojofang0901
31
Can AUDUSD Still Drop ? hi traders: I have been sharing lots of AUD/NZD USD forecast in the last few weeks. Most of them have not develop or commit to the downside. This time around, we are finally seeing some bearish development of the price. We can see price is at the top of the overall price action again, and smaller, lower time frame ascending channel, correcting the price. We are now see a sharp bearish impulse move, pushing down the price. Ideally is to wait for the impulse out of correction, follow by lower time frame continuation to confirm further down move. Thank you
Short
by jojofang0901
24
NZDUSD Catch the next drop if you haven't hi traders: Similar like AUDUSD I just shared, NZDUSD is following the same bearish development as well. From my previous outlook and forecast, Price hit the double tops, reversal impulse down, and formed continuation correction to drop more. Now that price has a short term pullback, smaller, ascending channel, we could expect more downside from the price. Ideally price should break below the HTF continuation structure, and formed lower time frame bearish development to further confirm the downside to the next previous lows. Higher time frame wise, we do see strong bearish bias, and is looking clean for another downside move. Thank you jojo
Short
by jojofang0901
19
AUDUSD Did you catch the sell ? More downside possible Hi traders: I was not active for about since last week, took a much needed vacation and mini-getaway. Now I am back and seeing some good development of the price. Here on AUDUSD, from my previous outlook and forecast from the top, price indeed pushed down aggressively, and now is at the bottom of the lower time frame ascending structure. This is where we can likely to see some consolidation, if price is going to push down to the next low. Ideally we want to see a bearish continuation correction to form and complete, to give us a confirmation sell down to the next low. But, don't be surprise if price bounce of from this LTF structure and move up again, in that case, no entry and no trade. The downside is more ideal and better R:R to continue as the higher time frame also indicates. thank you Jojo
Short
by jojofang0901
7
AUDCAD Broke Out Reversal Structure, More Upside Hi traders: AUDCAD has managed to reversal impulse out of the descending channel from the bottom, good signs of further upside. From my previous outlook, price did managed to continue higher and is now out of the descending structure. Such a strong impulse move to the upside, naturally price will need to correct in order for another continuation up move. If price does consolidate and formed bullish continuation correction, it will then give us another opportunity to buy to the next highs. Thank you
Long
by jojofang0901
26
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