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Impulse

EURUSD Third Time Is a Charm for the buy Hi everyone: Last Friday we had some reversal price action across the market, and EURUSD happens to have the best possible development among the USD pairs. We can see the larger, descending structure correcting the price down to the higher time frame double bottoms. Price did initially try to push higher from my previous long analysis, but failed to continue higher. Then we see another corrective move down from the price, forming a smaller lower time frame descending channel. Latest development shows us a bullish reversal impulse break up, out of the descending channel. Be on the look out for any LTF continuation correction for the buy up to the recent highs and top of the descending structure. thank you
Long
by jojofang0901
51
CARDANO Broke All Time High, Now What ? Hello traders: ADA has been in a strong bullish pushed up from the HTF bullish reversal structure, and is now at the all time highs level. From my previous analysis after price impulse out of the HTD descending strucu4tre, the price did indeed impulse up just as expected. Now we are at the all time highs, few possibility can happen here. While I am certainly bullish in this type of scenario, lets dig into what can we expect from the price this point onward. ideally, we are going to get a consolidation here on the price, forming a bullish continuation on the lower time frames, and once the correction completes we can certainly get another move up. So its best to be patient here to wait for the consolidation to happen and complete to confirm the next upside impulse. Any continuation correction structure such as flag, channel, flat, triangle, pennant...etc. is sufficient and valid. On the other hand, because the price hits all time high, we need to also consider a possibility of a reversal. While I certainly favor the bullish bias and perspective, having a trading plan and forecast the different outcome will help us to be more consistent and sustainable. So, if the price instead start to develop bearish reversal price action, say double tops, Head and Shoulder, Ascending channel, "M" reversal...etc., then that is a sign from the market that the bullish momentum is exhausted, and we might end up seeing a HTF double top and reverse down. So watch out for price development on the LTF is key. Thank you :)
BINANCE:ADAUSDLong
by jojofang0901
41
Weekly Trading Recap: CADJPY, SPX, DOW, USDJPY, EURUSD Aug 21 Hello 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. CADJPY: Out for +6.9% profit Full analysis/forecast: SPX: Out for +1% profit Full analysis/forecast: DOW: Out for +1% profit Full analysis/forecast: USDJPY: Out for +3.5% profit Full analysis/forecast: SILVER: Out for +0.5% profit Full analysis/forecast: EURUSD: Out for BE Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
37
US INDICES..What can you expect from the bearish price action ? Hello everyone: Let's take a closer look into the US indices overall, specifically on NASDAQ, SPX, DOW JONES. With the latest development from the lower time frames, we can potentially get the larger bearish correction that we have been patiently waiting for. Take a look at the price action from a multi-time frame, top down approach. We can reasonably see some higher time frame developments are similar in the past from the Coronavirus period, and bearish price action on the lower time frames as well. NASDAQ Higher Time Frame: Lower Time Frame: SPX - Higher Time Frame: Lower Time Frame: DOW JONES - Higher Time Frame: Lower Time Frame: Any questions, comments or feedback, welcome to let me know :) thank you
OANDA:NAS100USDShort
by jojofang0901
30
CADCHF Continuation Downside, Watch for correction Hi everyone: Some big movement in the last few days on USD. CHF, JPY pairs, and I was able to get in on the CADJPY sell. Looks like CAD pairs are getting weaker, and I can expect CADCHF to also continue its bearish price action. We can see after the initial bullish up move, price formed a pennant/triangle correction, but didn't not continue its originally move up. Instead it was reversal correction, price then push down impulsively, and formed a continuation correction. Latest price manages to impulse out of the correction, good sign of continuation. I will be waiting for a lower time frame continuation correction to form and complete, before jumping onto another sell on the CAD. Thank you
Short
by jojofang0901
16
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