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USDJPY Reversal Price Action From The Top Hello traders: Few of the JPY pairs I was originally looking at had some bullish development few days ago, but in the last day or so have develop more into some reversal bearish price action. Here on USDJPY, we can see price has formed into a nice Head and Shoulder Pattern at the top of the current price action. A previous swing high, double top as well to add to a bearish bias confluence. Now that we can see a strong bearish reversal impulse down, follow by continuation correction, be on the look out for lower time frame correction to short down to previous lows. Thank you
Short
by jojofang0901
29
GBPJPY Bottom of structure, bullish reversal pntential Hello traders: We can see GBPJPY's price is currently at the bottom of the overall HTF expanding structure. How price is developing at the bottom is the key to identify and confirm the possible bullish price action. We can now see a potential double bottoms, and a descending channel, good signs of the bullish reversals. Best to wait for price to commit to the upside, by a bullish impulse up, follow by continuation on the lower time frame before entry. thank you
Long
by jojofang0901
18
AUDUSD failed to continue lower, bullish reversal price action Hello traders: Few weeks ago I was more looking at AUDUSD to continue the bearish trend to the downside. However once it hits the higher time frame previous lows, price failed to continue lower. Instead a bullish reversal impulse phase up on the lower time frame, and formed into a inverse Head and Shoulder reversal. Good signs of bullish price action. We can now wait for completion of the right shoulder, and a lower time frame impulse up follow by continuation would be the confirmation for another upside Thank you
Long
by jojofang0901
25
AUDJPY Same Bullish Reversal Price Action Hi traders: Similar like AUDUSD, here on AUDJPY its showing us the same reversal price action. After hitting the previous lows, no further downside from the price, instead a sharp bullish reversal impulse up. We can now see an inverse Head and Shoulder developed, and currently forming the right shoulder. Same approach to look for confirmation would be waiting for the completion of the right shoulder correction, and wait for price to impulse up and look for lower time frame continuation to get in on the next up move. thank you
Long
by jojofang0901
25
CADJPY Failed to Continue lower, watch for bullish up move Hi everyone: Few weeks ago I was more looking at the JPY pairs to continue its strength and bearish move. Instead last week we slowly see some reversal development across the market. To be what I see now on CADJPY is price did not continue after having a strong bearish impulse on the lower time frame. The correction that I thought would be bearish continuation, turned out to be a bullish reversal, and we did see price impulse up. Now, the latest development shows a smaller, LTF continuation correction, all good signs of the bearish momentum may be exhausted now. So be on the look out for bullish price action to get in the buy to the previous highs. thank you
Long
by jojofang0901
30
GBPNZD Back to double tops, reversal price action Hello traders: Also seeing further strength from NZD pairs as most are show clean signs of reversal price action. Here on GBPNZD, after price hits a previous swing highs as a potential double tops, we see a "M" style pattern reversal as well as a rising wedge reversal structure. All these are good indication of a bearish reversal in the making Latest development had a clean bearish impulse phase pushing the price down on the lower time frame, best to wait for another smaller consolidation that could be the confirmation to look for another sell entry down to the previous lows. thank you
Short
by jojofang0901
33
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
Long
by jojofang0901
21
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
FTX:SOLUSDLong
by jojofang0901
46
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
by jojofang0901
10
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
Short
by jojofang0901
30
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
Long
by jojofang0901
31
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
Long
by jojofang0901
30
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.
COINBASE:ICPUSDLong
by linebands
4
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
NASDAQ:TSLALong
by jojofang0901
22
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
Short
by jojofang0901
22
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
Short
by jojofang0901
22
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. Please support this idea with a LIKE 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
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
by jojofang0901
40
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
by jojofang0901
32
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
OANDA:NAS100USDShort
by jojofang0901
145
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
Short
by jojofang0901
37
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
OANDA:SPX500USDShort
by jojofang0901
27