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USD Index Bearish Outlook Price Action Analysis Hi everyone: As we can see the current EURUSD price action is pushing to the upside, manage to still hold onto the 2 positions I have. We know DXY will have inverse price action like EURUSD, so lets take a closer look now. After the strong bearish move down on the higher time frame, price naturally needs to correct for a period of time if we are going to see further downside from the price. We can see price started to form the higher time frame flag/channel correction, correcting within. Latest price is started to give us more positive confluence for a bearish outlook. There is a clear few swing highs and lows of the price, with a double tops. On the lower time frame price once again formed an ascending channel reversal, reverse down from the double tops, and top of the HTF structure. We then see a clear bearish impulse pushed down, and continuation correction was form on the lower time frame. Be on the look out for further downside price action next few days to push the price down to the lows. thank you
TVC:DXYShort
by jojofang0901
31
Daily & H4 Bullish SetupsWhen you look at the daily time frame on Gold , marked in orange, you can see the impulse on the left, the corrective structure and a break of that corrective structure to the upside. The price pulled back after the break and is currently forming the same setup on the H4 time frame, marked in pink. This will confirm the bigger move and price is currently trading at the resistance of the structure. It is however important to note that there is the Jackson Hole Symposium today which could cause big market moves so it would likely be advisable to look at entering this trader after the market has calmed down from the news. I am already in a long position but will add into it when the H4 structure breaks to the upside. Happy Trading! Linton White QuickTrade This information is not intended as advice or as a trading signal. Should you use this information in any way whatsoever, you do so at your own personal discretion.
FX_IDC:XAUUSDLong
by Linton_White
USDSGD Bearish Reversal, Expect Down Move here Hi everyone: Here on USDSGD, there's potential opportunities for a bearish continuation to happen. We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure. With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish corrections. Instead it formed a reversal impulse move down, follow by a bearish continuation. This all good indication that the expanding structure has hit the top, and a bearish continuation of the higher time frame is possible. Watch for lower time frame price action to form continuation correction after breaking out to look for entries down the recent lows. Thank you
Short
by jojofang0901
51
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