NZDCHF Potential Double Bottoms, Watch for buy
Hi traders:
After an exhausted bearish price, it seems to me now most AUD, NZD pairs are looking to have reversals in the market.
We can see a possible HTF swing lows, and price on the lower time frames formed into a descending channel reversal.
All good bullish price action in the making.
Good to look for bullish continuation correction for the the next move up to the previous swing highs,
and observe it further continuation will developed.
thank you
Impulse
SOLANA dont miss this buy setup
Hi traders:
After the bearish drop from last Friday, originally I was more looking at some bearish possibility and further downside.
However, over the weekend price slowly recovers and many coin ended up forming bullish price action and begin its bullish reversals
On SOLANA here, price is still in the larger, higher time frame correction.
A recent double bottoms, price pushed up and formed a descending channel, and and other bullish break up. Good signs of bullish momentum.
Be on the look out for further upside of price can form continuation on the LTF for entry up
thank you
Weekly Trade Recap: USDCAD, NZDCHF, AJ, NJ, NU Dec 12th 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
USDCAD: 2 positions closed down for +1.16% profit
Full analysis/forecast:
NZDCHF: 2 positions closed down for -1% loss
Full analysis/forecast:
NZDUSD: -1% loss
Full analysis/forecast:
Trades Enter From Previous Week That Closed Down This Week:
AUDJPY: -1% loss
Full analysis/forecast:
NZDJPY: +BE
Full analysis/forecast:
ETHUSD: 2 positions closed for BE
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. :)
Jojo
USDCAD Failed to break higher, reversal coming
Hello traders:
USD seem to be exhausted and many of the USD pairs are looking to lose strength across
Here on USDCAD price failed to form bullish continuation after breaking previous highs,
instead an ascending channel reversal was formed.
It then was follow by a bearish impulse on the lower time frame, and breaking out of the ascending channel now.
Good idea to watch for further bearish development,
a continuation correction on the lower time frame would confirm further downside to previous lows.
Thank you
GBPUSD Bullish Price Action From the Bottom
Hello traders:
GBPUSD is currently in the descending channel on the lower time frame,
as while as in the larger descending structure on the higher time frame.
These are good bullish reversal price action that we are familiar with.
We can see there is some bullish move developing on the lower time frame already.
Be on the look out for bullish continuation pattern/structure development and look for buy entries from the bottoms
thank you
EURUSD Will it be ready for upside ?
Hi traders:
EURUSD has move down for quite a while now, and finally we can see some bullish reversal price action in the making.
After hitting the previous swing lows on the higher time frame,
price formed into a descending channel and a strong bullish impulse up on the lower time frame.
Latest development give us a nice bullish flag correction, and as well as a right shoulder of a inverse H and S pattern.
Great development for further upside potential.
Watch for correction to complete, and if price can impulse break up,
follow by smaller continuation correction, that would be the confirmation for another upside.
thank you
ICPUSD accumulation soon?Seems like ICP might be entering an accumulation phase as long as it holds $30. Momentum is rising but with accumulation failing, the price might stabilize or correct a little. I believe a breakout over $60, holding it as support should bring it to a trajectory $200+
Overview of chart:
-Momentum flowing to the upside while price is stabilizing
-Might be at the end of Primary wave 2 between $34-$37, invalidation at $27
-Volume Profile PoC is of an intermediate impulse wave. It has confluence with a 0.618 fib retracement of Primary wave 1
-Minor bearish divergence with ADL (Accum/Distr. Line) seeing price stabilize but accumulation falling. Might result in a minor drop to ~$34 to hit the intermediate wave c target.
-Monthly S1 of CPR has confluence with wave C target
-Median line of fork held as support throughout the corrective wave. If broken, there is a stronger likelihood of impulse invalidation.
Tesla Did you buy when I told you to ? What now ?
Hi everyone:
Tesla broke all time highs and hits $1000.
In June I posted and mentioned about the next bullish impulse phase is likely to happen once a continuation correction is finished.
Price indeed impulse up after, and now it above all time highs. This is good for further upside potential.
What the market is likely to do now is fall into another consolidation, as another bullish correction is likely to develop, before the next upside move.
So be patient here, buying here right away may be risky, and best option is to wait for the next continuation correction to form, and take the next impulse move up.
Thank you
CADJPY Continuation Bearish Price Action
Hello traders:
Most of the JPY pairs continue its bearish momentum, and further lower time frame development will give us confirmation for another downside opportunity.
We can see price is now forming into a larger, higher time frame expanding structure.
These type of correction can be more tricky and advance as they can be both continuation and reversal.
In this case, we see price hits the higher time frame double tops, but failed continue higher on the lower time frame.
Instead, we see a series of corrective price action to slowly push the price down.
Latest development showed us a strong impulse phase down,
clearly reverse down from the top of the HTF expanding structure as well as double top.
Now price is consolidating, best to wait for a bearish continuation correction to complete,
then look for the next bearish impulse down to the lows.
Thank you
AUDUSD Still Downside, Watch for this consolidation to sell Hello traders:
AUDUSD has a strong bearish impulse phase from the previous, higher time frame correction
W can see price clearly broke out of the structure impulsively, good signs of bearish momentum.
Latest development show us another consolidation into an expanding structure, potential further bearish continuation price action.
Watch for sell entry when correction finishes and look for entry down to previous lows.
Thank you
EURAUD Analysis - Headed DownwardWelcome back! Here's an analysis of this pair!
EURAUD - after the strong impulse wave from Friday, expect correction to 50% fib zone and a potential further rally up. Our bias on this pair remains bullish.
After correction has completed, next target is 6434 high.
COMMENT BELOW and let us know your thoughts or questions!
**
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Weekly Trade Recap: AJ+4.03%, AD+2.2%, NJ+1.5%, ND-BE Dec 5 2021Hello everyone:
All my trade analysis, forecast are shared on TradingView, and other platforms for free.
You are welcome to check them out in the description below or my profile page.
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
AUDJPY: +4.03%
Full analysis/forecast:
NZDJPY: +1.5%
Full analysis/forecast:
AUDUSD: Tagged out for +2.2% profit
Full analysis/forecast:
CADJPY: 3 positions out for +0.25% profit
Full analysis/forecast:
NZDUSD:2 positions out for BE
Full analysis/forecast:
NASDAQ: Out for BE
Full analysis/forecast:
USDCHF: 2 positions closed down for +2% profit
Full analysis/forecast:
ETHUSD: +1.5%
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. :)
Jojo
Can Japanese YEN Continue its Strength ? Price Action AnalysisHello everyone:
Today let's analyze the Japanese YEN market from a multi time frame analysis.
Higher time frames to lower time frames point of view.
Specifically I will do a full on price action analysis and will also look back at the previous Feb 2020 period during Covid-19 sell off.
My general view and bias on the JPY pairs are bearish, looking to continue its strength across the board.
Some pairs will naturally have better price action developed, while others are paired with stronger currency hence the consolidation or sideway movement.
Let's take a look at the best ones on my watchlist for the weeks ahead of December 2021.
Keep in mind that if the market has reversed and the bearish bias and price action are no longer valid,
then I will look to exit the positions and move on. Never force any trade, entry or holding positions.
CADJPY
Current Market:
Previous Forecast/Analysis/Outlook:
AUDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
NZDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
GBPJPY
Current Market:
USDJPY
Current Market:
CHFJPY
Current Market:
EURJPY
Current Market:
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. :)
Jojo
NASDAQ Third time is the charm for sell ?
Hi traders:
Here on NASDAQ price is once again at the top of the overall structure.
From my 2 previous short idea, they all hit the bottom of the higher time frame ascending structure, but did not continue lower.
This is simply a sign of the HTF correction phase isn't over.
Now, we are once again at the top, and bearish price action has begun on the LTF.
Certainly a good idea to look for sell now as we have seen many times price drop when its at the top of the current price action.
Be on the lookout for lower time frame bearish continuation correction, and put in sell entry order when confirmed.
Thank you
USDCHF Top of Structure, 2 Possible Sell Development
Hi traders:
Here on USDCHF price is right back to the the previous highs of the price action.
We can see overall price is still in the larger, higher time frame consolidation after the previous bearish impulse phase.
A potential double tops, lower time frame ascending correction moving to the upside, signs of bearish reversal.
What we can expect is price can push down and form LTF continuation correction and look for sell down to previous lows.
Alternative if price move up to the top of structure, still look for possible reversal price action to form and look for sell from the top.
Thank you
S&P 500, Fourth time To Sell from the top
Hi everyone:
Also looking at SPX, similar price action across the US indices.
No difference here compare the previous analysis that I share to look for sells from the top.
Price is in a larger, higher time frame correction,
and every time when price is at the top and form bearish reversal price action, its always good to look for sell entries down.
Same approach like NASDAQ and DOW, watch for lower time frame development.
Look for bearish continuation price action to get in on the sell entries to the bottom of HTF structure.
thank you
DOW Once Again At ATH, Watch For Bearish Price Action
Hello traders:
DOW has pushed up to the top of the current price action structure, and there is possible opportunities of a reversal.
We can see a larger, higher time frame ascending channel correction very clearly.
Price made another bullish up move, to the previous all time highs, potentially forming a double tops.
Latest development shows a smaller, lower time frame ascending channel, all good bearish price action to confirm a downside.
Watch for bearish continuation development now on the LTF, and look for sell entries down to the lows.
thank you
US500 - My Trading Plan in 4 mins!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Weekly Trade Recap: ETHUSD, USDCHF, NASDAQ, SPX Nov 28th 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
ETHUSD: 2 positions running for +3.2%
Full analysis/forecast:
USDCHF: 2 positions running for +3.7%
Full analysis/forecast:
NASDAQ: 2 positions closed down for +3.91%
Full analysis/forecast:
SPX: 2 positions closed down for +2%
Full analysis/forecast:
GBPCAD: Closed down 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. :)
Jojo
DIDI expect in corrective wave W-X-YAccording to elliott wave analysis, pricing is heading to complete 1-2-3-4-5 which impulse wave C.
Complete Breakdown & Analysis in the Indices Market
Hello everyone:
Let's take a more in depth look into the major indices such as US30, US500, US100, UK100, EUR50 and a few other setups.
More bearish price action continues to develop across the market in the last few days, and we can certainly be active to look for opportunities.
In my weekly market outlook/update live streams, many of these indices have been on watch and discussed during the NY sessions.
From last week and beginning of this week, we have been looking into more on a possible bearish move in the market.
Below I will share previous setups/screenshots that I share in the live stream and other platforms.
We will go into these indices in more detail one by one, and discuss the possible opportunities on all of them.
US30 (DOW):
Previous Setup:
Current Development:
Original Forecast/Outlook:
US500 (SPX):
Previous Setup:
Current Development:
Original Forecast/Outlook:
US100 (NASDAQ):
Previous Setup:
Current Development:
Original Forecast/Outlook:
UK100 (FTSE):
Previous Setup:
Current Development:
Original Forecast/Outlook:
EUR50:
Previous Setup:
Current Development:
Few other indices on watch:
DE30 (DAX)
AU200 (ASX)
FR40 (CAC)
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. :)
Jojo
USDJPY - SHORTA Bearish Harmonic Pattern has been formed. Consider the development of South Impulse. The target is Major Support Level.
USDJPY - SHORT
ENTRY PRICE - 115.300
SL - 115.600
TP - 114.470
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Have a nice day!