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Impulse

CADJPY Reversal Price Action, look for continuation down Hi traders: We can see here on CADJPY, after failed to continue after breaking the higher time frame double tops, price begin to reverse down, hit the previous swing lows, and formed into a correction. Price is in the process of the the bigger Head and Shoulder pattern, and we can see clear impulse down from the continuation correction. To confirm further downside potential, watch for lower time frame bearish continuation correction to form and complete, before looking for the next move down. In addition, if price manages to break below the previous lows, and continuation price action, then expect further downside on the mid-long term outlook. thank you Higher time frame:
Short
by jojofang0901
24
DOW Are we due for correction now ? Hi everyone: Here on DOW JONES, we can see that price has been consolidated in the HTF structure for quite some times now, forming a corrective ascending structure. Latest price corrects itself up in a smaller ascending channel, and formed double tops before reversing down in an impulse phase. This is all good indication the bullish momentum is exhausted, and a possible reversal price action can begin on the lower time frame. To confirm further downside move, watch for lower time frame bearish price action to form and complete, before entering any sell entries. IF price does indeed push lower and impulse out of the HTF correction, then if we get further bearish continuation price action, then the next impulse may continue. Thank you HTF:
OANDA:US30USDShort
by jojofang0901
31
SPX500 Prepare for reversal down Hi everyone: Similar approach like DOW JONES, as we can see the similar bearish price action here on SPX. Price has been in the higher time frame ascending correction for quite sometimes now. Few attempts to impulse down and breakout structure, but none has been able to. As we know, price action can continue its consolidation phase for a long time, and its important to be patient and wait for the right setups to form. Latest price formed a smaller ascending structure, and seems like price is breaking down now. To confirm the downside, be on the lookout for LTF bearish correction before entering any sell. IF price does push out of the HTF correction, then watch for further correction to develop and push price further. Thank you
OANDA:SPX500USDShort
by jojofang0901
37
Weekly Trading Recap: EURUSD, USDJPY, SILVER, NZDCHF Aug 14 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. EURUSD: Running +2% profit Full analysis/forecast: USDJPY: Running +3% profit Full analysis/forecast: SILVER: First Trade -1% loss Second Trade running +1% profit Full analysis/forecast: NZDCHF: Closed down for +3.35% profit Full analysis/forecast: GBPAUD: Closed down for +1% profit Full analysis/forecast: AUDCAD: closed down for -1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
75
AUDCAD Failed to continue lower, reversal bullish price action Hi traders: Closely looking at AUDCAD for the bullish reversal price action. We can see after a strong bearish impulse down from my previous outlook, price begin to form a parallel channel structure. Wee see price manage to form one more correction and push down, but failed to continue lower with any continuation corrections. Instead, a false breakdown, and a strong bullish reversal impulse phase start on the lower time frame. This is good indication that the bearish momentum is exhausted, and the price form LTF bullish price action, could start off the reversal in the next few days. Latest price did form a Inverse Head and Shoulder, and once right should completes, and expect the bullish impulse phrase to continue to the next swing highs. Thank you
Long
by jojofang0901
40
EURUSD Watch for bullish Reversal Hi everyone: From my previous EU analysis, price formed a falling wedge, broke out but failed to continue higher. However, now the price has evolve its structure into a descending channel, and hit a previous lows for a potential double bottom reversal. Latest lower time frame has also good bullish reversal price action, smaller descending channel follow by bullish impulse up. Be on the look out for further LTF continuation correction to reverse the price up and start the next bullish move. Thank you
Long
by jojofang0901
81
USDJPY Expect the down move to start Hi traders: Liking USDJPY's current price action for the potential sell. We can see after an impulse breakdown from the ascending channel, price begin to consolidate. There are a few swing highs and lows, and price isnt getting moving away from its current structure. However the latest price development, as price formed a clear recent double tops, and a bearish reversal price action on the lower time frames could give us the confirmation we need to look for sell. be on the look out for further LTF bearish continuation price action to push the price once again down to the recent lows. thank you
Short
by jojofang0901
38
Detail Price Action Outlook on GOLD & SILVER Hello traders: Let's take a closer look into GOLD and SILVER. As we have seen some strong bearish moves from market opens this week, let's take a look at it from a technical, price action point of view. GOLD From my previous outlook on GOLD: Price indeed made a push down to the swing lows, which could be forming double bottoms. What we need to watch out for on the lower time frames to see if there's bullish reversal price action, followed by continuation correction for the buys. or If price manages to continue to drop lower than the previous swing lows, then expect the price to continue lower to the bottom of the HTF parallel channel structure, before a big reversal up move. SILVER Long Term Outlook on Silver: From my previous short term outlook on Silver: Similar developments like GOLD, we see price does push down to the previous swing lows as well. This is a good area to watch for price development as we could be forming a larger, deeper HTF continuation correction that may be at the bottom of potential reversal area. Alternatively, if price pushes down lower the previous swing lows, but moving in the corrective phase, then we can still expect the bullish reversal up move once correction completes. Any questions, comments or feedback please let me know. :) Thank you Jojo
OANDA:XAUUSD
by jojofang0901
41
CARDANO Expect the bullish price action to continue Hi traders: Here on ADAUSD, we can see some noticeable bullish price action in the making. After the bearish move down across the crypto market, price begin to correct and form a HTF structure. We can see price made several attempt to break below the $1 mark, but fail to continue lower. When then see a clear double bottoms within the HTF structure, and a bullish reversal impulse up, breaking above the structure. Now that the price has formed a right shoulder, inverse H and S pattern reversal, good sign of further upside. Watch for some clear bullish continuation correction on the LTF and expect to push the price up the previous swing highs. thank you
BINANCE:ADAUSDLong
by jojofang0901
14
NZDCHF Can we expect the bullish up move now ? Hi traders: Looking at NZDCHF's price action from higher time frame, we see a clear bullish up move, and now price has form into this deep, flag/channel correctional structure. Price continue to correct, and moving side way in the consolidation phrase. But now, looking at the latest price action on the lower time frame, we are still smaller descending structure, and at the bottom a inverse Head and Shoulder, possible reversal price action overall. If we are going to get a correction finished on the HTF, then do expect the price to start the bullish reversal from the bottom, and continue to move impulsively up to the top of the HTF structure. thank you
Long
by jojofang0901
32
BTC Reversal Correction finishes ? Wait for bullish confirmation Hello everyone: Also paying close attention to BTC, as the price has completed a reversal correctional structure, and could expect the resume of the next bullish phrase. After the price dropped from the rising wedge reversal at the top, price begin to consolidate. At the time I mentioned to everyone to be patient here as price is going to likely form a period consolidation, and I don't recommend buying and selling until further development. Once we can see a few clear swing highs and lows, with a descending structure within to push the price up, that was a good sign of a potential completion of this correctional phase we are in. Latest price does indeed have a clear impulse up, breaking above the previous swing highs and out of the structure, very good indication of continuation momentum Now all we should do now is wait for last confirmation from the price, expecting a quick lower time frame continuation correction to form here, and expect the next push up from the price. Thank you
BITSTAMP:BTCUSDLong
by jojofang0901
25
ETH Is there another up move potential ? Hi traders: From my previous ETH analysis, price indeed broke out of the HTF reversal structure, and continuation to the upside. This is good indication of a bullish price action and continuations, as long as we can see some sort of bullish correctional structure to form. Latest price had a clear break above the previous high, and now is start to consolidate. Be patient here as we wont know how deep/long the next correctional phase will go, but if the correction does finish, it will give us a good opportunity for the next buy potential. Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
20
GBPUSD Can the bullish momentum continue further ? Hi everyone: Also looking at GBPUSD for further upside moves. Similar like most of the USD pairs, we are seeing a decline in USD strength, and after the FOMC news, all of the USD pairs had strong reversals. Now looking at the price action on GBPUSD, price originally had a bearish impulse down, but failed to continue after breaking the previous lows. An indication of the bearish momentum is exhausted.. We then see on the LTF, there is a bullish reversal impulse, and breaking out of the descending channel structure on the LTF. Price already made a continuation correction on the LTF after breakout, but I expect further upside as long as we are seeing more LTF bullish continuation corrections to bring the price up to the recent tops. Thank you
Long
by jojofang0901
32
LTC Watch for bullish reversal up move Hello traders: Finally are seeing some goof bullish price action across the cryptos, and LTC is looking good for the bullish reversals. We can see after the bearish impulse down, price begin to form into this descending like structure, correcting the price. The latest price formed a double bottom, and a strong bullish impulse breaking out of the structure. Now I would wait for last confirmation of a bullish continuation correction, as well as an Inverse Head and Shoulder price action to add confluence to the entry. Thank you
BITSTAMP:LTCUSDLong
by jojofang0901
28
MATIC Bullish Reversal Price Action Hi everyone: Also watching out for MATIC for the bullish reversals We can see after the crypto crashed, the price has formed a falling wedge correction, and correctively moved down. The smaller descending channel within the wedge, ended up reversing the price up, breaking above the falling wedge. Good sign of a bullish reversal price action in the making. Now that price has confirmed break out of the reversal correction, be on the look out for the bullish continuation on the LTF for possible entries, which will formed an inverse Head and Shoulder as well. Thank you
MLong
by jojofang0901
52
AUDCHF Watch for bullish up move Hello traders: Looking at AUDCHF price action for the buy potential. WE can see that from the previous HTF continuations, price has impulsively break up to the upside. Naturally, after a strong bullish run, price needs to correct, and we are seeing a deep, HTF bullish flag/parallel channel in the making. Latest price action had a descending channel, t the bottom of the overall price action. Good sign of reversals Watch for price to complete the descending channel, breaking up impulsively, and watch for LTF continuation correction for the buys. Thank you
Long
by jojofang0901
43