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Impulse

Elliott Wave Analysis: AUDJPY Is Looking For Wave 5Hello traders! Today we will talk about AUDJPY pair and its quite clear Elliott Wave pattern called bullish impulse. Bullish impulse should be seen by five waves and as can see, AUDJPY looks to be trading in wave 4 correction with perfect 83.00 psychological support and with equality measurement of waves 2=4, right at the channel support line, from where we should be aware of another rally back to highs for wave 5 with room even up to 87 - 89 target area. To confirm our view, it would be nice to see a recovery back above 84.60 bullish confirmation level, however, any bigger decline back below 82.00 level would invalidate our wave count. 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
3
NZDJPY Bullish Continuation Price Action Hello traders: Still eyeing the strength in NZD pairs, and here on NZDJPY price has formed another bullish continuation correction. We can see several impulse phases, follow by correction phases. No difference here on the latest development. A bullish continuation price action, with a few swing highs and lows, double bottoms, ready to impulse up. Watch for lower time frame continuations, and look for recent highs and higher time frame highs as a potential targets. Thank you
Long
by jojofang0901
16
Weekly Trading Recap: NU, NC. UJ, XAG, US30, US100 Nov 14th 2021Hello everyone: I have been getting some hating and trolling comments/messages from some people on my recent trading result. Sure I can admit last month and this month so far haven't had some good results, and I am not hiding away from that. But I am well aware of how trading is in terms of consistency and sustainability. I have been journaling and making trade recap on my trade results which I share publicly, honestly and transparently, so not worry about one losing month or 2. Overall the year is certainly up and profitable, so it's during these periods of drawdowns and losing months we need to be extra cautious and don't fall into the trading psychological mistakes. Do not revenge trade, over leverage, over risk and end up blowing accounts. My sincere feedback to traders out there who are struggling. Don't let social media fool you on how trading is. You will never know if those scammers or fake gurus trade real, live $ accounts, or just show you demo account profits. You will never know whether they take losses or not because they won't show you those to sell you a dream. All consistent, professional traders will take losses, it's how we control our emotion, mindset and continue to let the probability play out in our favour for long terms. NZDUSD: Out for +0.5% profit Full analysis/forecast: NZDCHF: Out for +0.5% profit Full analysis/forecast: SILVER: Out for BE Full analysis/forecast: USDJPY: Out for BE Full analysis/forecast: USDCAD: Out for -1% loss Full analysis/forecast: NASDAQ: 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. :) Jojo
by jojofang0901
7
$A god move coming~After the amazing impulsive move to an ATH we came back to the 61 fib line which is a great pullback and a healthy one. ~we are in a wedge rn and are looking at a breakout next week ~~Bull flag highlighted in white looking hella fine, hinting at a breakout happening for the bulls ~Red zone is SL ~Green zone is take Profit max ~white zones in between will be key resistance points. ~VI indicator shows momentum is about to turn back to bullish. With earnings coming up on the 22nd, this could be a run-up to earnings play
NYSE:ALong
by CheckMatted
CHFJPY - Identify These Moves - FULL Breakdown 📚A key part of technical analysis is to identify the different phases and patterns in the market. So, what can we see? - We can see that we're within a major ascending parallel channel and price has been respecting it. When price approaches either extremes of the channel, it rejects aggressively. - There are 2 key phases at play here. The blue phase is the impulse and the red phase is the correction. - The impulse phase is an upward movement and the corrective phase is a downward move After identifying these phases, what next? - So now that we know that the impulse phase ends at the upper limit of the channel, we know there's a corrective move coming back down to the channel support. - If there's enough momentum, we can break the channel support and keep falling. As we're in an ascending channel, it is often a reversal pattern = there's a high chance that CHFJPY can come back down all the way to 109 - Now we need a trading plan to enter this trade How do we trade it? - The risk entry would have been at the rejection of the channel resistance - The safe entry would be to identify when the impulse has ended. One way we can do this is by identifying when the uptrend has ended. This can be done by using a trendline (like the one we have) and watching for a break to indicate that the uptrend has ended and the next phase has begun. Trade Idea: Watch for the ascending red trendline to break and enter with stops above the channel. First Target: Target the channel support for first targets (500pips) Second Target: The bottom of the channel (1,600pips) Hope this breakdown was helpful. If so, do leave a like and comment what you think!
Education
by WicktatorFX
16
USDJPY Clean Bullish Price Action, Don't Miss the Setup Hi everyone USDJPY and other JPY pairs have been showing signs of weakness in JPY. We can see from the higher time frame that price has already impulse up and out of the larger, correction. It formed into a smaller continuation correction which is what we see here on the lower time frame. () This is all good to see from a multi-time frame point of view. Both the HTF and LTF have same bias here. To confirm the upside move, what I would wait for is price to push and impulse higher out of the current correctional structure, and form smaller, LTF continuation correction to confirm the buy entry. thank you
Long
by jojofang0901
19
XAUUSD (Gold) is heading towards 1849 due to extended FifthHi trader, today I want to discuss a 1:2 RR trade on current XAUUSD movement and my thoughts about why I choose this trade. Gold's price action is in a clear impulse since we have multiple confirmations for it, just like volume or Fib-Levels that are reacting exactly like they have to react when it comes to an Elliot Wave Impulse. However, Gold managed to cross the 0.618 extension Fib. This is given due to the fact that wave 1 and wave 3 are nearly equal in length. This usually leads to an extended fifth wave, since one wave has always to be extended. We broke above 0.618 and managed to close there. So, whats next? In this case a usual fifth wave target would be the 1.618 extension for wave 5, that is measured from the bottom of wave 1 to the bottom of wave 4. We are confident with this analysis and chose to long on every dip we see until we reached our target. This is not financial advice. RL from RT-Trading
OANDA:XAUUSDLong
by RT_Trading_
4
BTC Patience Pays Off For Bullish Buyers hello traders: BTC briefly broke the ATH around mid October, but quickly move down and form into a consolidations. This is expected as market tends to tag out impatient FOMO traders before resuming the impulse phase. From a technical point, we can see from my previous outlook, price indeed impulse up from the bottom after forming a reversal correction. It continues to climb higher by forming smaller, lower time frame continuation corrections. The latest development shows price hits ATH, and formed into a consolidation. This is generally good for further upside potential. My plan would be wait for price to push up above all previous highs, and formed into a lower time frame continuation correction, that would be the confirmation I need to enter for a buy. Be careful as price can still continue to correct/consolidate, so best to wait for the confirmation on the LTF. thank you
BITSTAMP:BTCUSDLong
by jojofang0901
40
NZDUSD Watch For Buy Setups Hello traders: As I am bearish on the USD overall, and expecting further weakness in the USD pairs overall. Here on NZDUSD, we can see price had a strong bullish impulse move up, and price falls into a larger, higher time frame correctional structure. With a few swings highs and lows, it validates a structure here that can be a continuation correction for further upside. Latest development on the LTF shows price has impulse out of the the HTF structure, good sign s of further bullish momentum. Wait for lower time frame bullish continuation to form and complete, then look for entry to the previous highs. thank you
Long
by jojofang0901
28
USDCAD Broke Previous Lows, Watch for Continuations Hi traders: Looking at the USDCAD's price action for potential further downside opportunity. We can see after price has hit the higher time frame double tops, it corrects into an ascending structure, which is a possible indication of a reversal price action. We then indeed see a strong bearish impulse phase happen, and price pushed down aggressively. Now that price has manage to break pass the previous lows, good indication of further downside momentum from the price. We can now wait for a consolidation here to form into a bearish continuation correction, and look for sell entry down to previous lows as a potential target. Be patient and wait for setup to form :) Thank you
Short
by jojofang0901
40
Weekly Trading Recap: SILVER, EURGBP, UKOIL, DOW Nov 7th 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. SILVER: Running Position Full analysis/forecast: UKOIL: Out for +0.40% profit Full analysis/forecast: EURGBP: -1.00% loss Full analysis/forecast: US30(DOW): -1.00% 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
OANDA:XAGUSD
by jojofang0901
33
5 Key Advices To Share With Trader Who Is Struggling In TradingHello everyone: Lately many of you have messaged me about getting FOMO and entering trades without confirmations. In addition you can't seem to “not” enter trades when the market hasn't shaped up to your strategy and entry criteria. I am hoping in today’s educational video it can help some of you guys to get back on track. I want to share 5 main pieces of advice that can help out traders who are currently struggling. These are experiences and lessons that I accumulate throughout the 8 years of trading and in hope to help some of you who are struggling in your current journey of trading. 1. Do “NOT” think about get rich quick in trading -Trading is a marathon, not a sprint -90-95% traders fail due to a combination of: Greed, FOMO, mindset/emotion, risk management, trading psychology. -Trading is not a get rich quick scheme, but it can produce consistent, sustainable passive income if you can put in the time and effort -Most try to jump to the result right away, without going through the journey, that is not how life works. 2. No trading strategies, style, method can give you 100% strike rate -Trading is probability, not right or wrong. -Understand you can have the best strategy in the world, and still not be profitable. - Technical, Fundamental, Algo, EA...etc can all not work. This is why risk management is important to not over risk, over trade, over leverage your trading account 3. Backtest and journal -Backtest your strategy so your brain acknowledges and recognizes it over and over again. -Slowly build up confidence in your strategy and method. IT will come to you like second nature -Journal all your wins and losses so you can review them. Work on them, accept your mistakes to grow and improve. 4. Control your EGO -Human beings have ego to prove others are wrong and they are right -We refuse to admit we made the error/mistakes, and blame others/external as the cause. -Acknowledge that in trading, stop blaming the market, the broker, the mentor, the strategy...etc. -Don't take things personally and be offended by it. 5. Never Give Up -I blew several accounts in the beginning of trading career, gave up and quit trading multiple times -I always ended up coming back to trading. After taking time off. Whether that is weeks or months in the beginning journey. -No one is born into a trader, just like no one is born into a doctor, lawyer. -If trading was that easy, then everyone would be rich. -Success is measure by how many times you get back up when you failed I hope these pointers can help you guys to get more focus and get back on track in trading. Any questions, comments or feedback welcome to let me know, thank you Jojo Below I will share others educational videos that have direct relations to the topics above: Trading Psychology: How to deal & manage losses/consecutive losses in trading ? Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ? Prevent Blowing an account by backtesting: Risk Management 101
BITSTAMP:BTCUSDEducation
by jojofang0901
43
NZDCHF One More Up Move Is Possible Hi traders Similar across the NZD pairs, NZDCHF is also showing good signs of bullish price action. We can see price has already completed a higher time frame continuation correction. Price indeed push higher, and formed a smaller, lower time frame correction as well Latest development shows yet another impulse phase on the LTF, follow by another consolidation. This is good indication for another move up, just have to wait for the current consolidation to finish, and watch for the next impulse phase to push the price to previous highs. Thank you
Long
by jojofang0901
35
BTCUSD, A new long to 70kQuick update on the previous post that got stopped out ~60k on Oct. 27 We may be on an impulse wave 3 uptrend to 70k, but a breakout is not confirmed given the fact that: Price is still in downward parallel channel Hull MA hasn't crossed over to green Price hasn't crossed over the bearish trend of the Hull MA MACD hasn't crossed over yet Once at least 2 of these indications have been confirmed the likelihood of 70k increases This idea is invalid if we get another scam wick below lows of 58k on Oct. 27th. This may very well happen if we get a rejection at the Hull MA as of this posting. Overall: Support lines: -Monthly R2 at ~59.2k -0.236 fib retracement of minor impulse wave at ~59.1k -Lower parallel trendline support -Downward white trend line -Fixed range Volume profile low at ~58.8k Resistance lines: -Fixed range Volume profile high at ~63.3k -Monthly R3 CPR at 65.8k -Larger parallel channel upper trendline, if placed with the New Moon phase, it targets ~70k -Hull MA as of now -Upper trendline of low timeframe parallel channel Invalidations: -59k for minute impulse wave -0.5 fib retrace of minor impulse wave at ~51.4k
BITFINEX:BTCUSDLong
by linebands
USDJPY - SHORTThe price is below the Major Resistance Level. Bearish Harmonic Pattern has been completed. Consider the development of the South Impulse. First target is - POC. USDJPY - SHORT ENTRY PRICE - 114.200 SL - 114.700 TP1 - 113.700 (Breakeven) TP2 - 112.100 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
2
Elliott Wave Analysis: USDCAD Has An Unfinished Five-Wave DropHello traders! USDCAD came nicely down on the 4-hour chart with extended and strong drop from 1.2774, which has characteristics of wave 3 rather than C as the pair also moves very close to the typical 161.8% extension level. As such, we are aware of more weakness after the current consolidation that looks like wave 4, which can be a triangle or maybe more complex recovery to 1.2450 - 1.2500 for 38,2% Fibo. retracement, but in either case, we think that sooner or later bears for wave 5 will resume towards 1.22 - 1.21 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.
Short
by ew-forecast
4