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Impulse

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
GBPAUD Top of overall price action, watch for bearish reversalHi traders: As we can see price is currently at the top of the overall price action, and we are getting some bearish consolidations and structures. How the price gets there is very important, we see the HTF parallel channel which started to form after a strong bearish move down. Within this correctional phase, we can spot some bearish reversal structures. Even though they are no longer within the parallel channel, the bearish confluence and price is still valid in m eye, and I am still expecting a strong bearish reversals. Be on the look out for LTF bearish continuation correction, and expect price to reverse down to to the swing lows of the recent price.
Short
by jojofang0901
43
EURAUD Top of price action, watch for reversal Hi traders: Watching closely to EURAUD's bearish price action. We can see after a sharp bearish impulse phase on the higher time frames, market begin to correct within the larger parallel channel. Latest price has an ascending channel within the larger correction, and a reversal price action at the top, bearish momentum coming in now. Wait for confirmed breakout follow by a bearish continuation correction on the lower time frame by the sell down to the lows. Thank you
Short
by jojofang0901
40
Binance Coin Look out for bullish reversal price action Hi traders: BNB also caught my eye for the potential up move. We can see after price initially made the bearish move down, it begin to form a bigger correctional structure. As we can see price is getting squeeze into this triangle/pennant like structure, with a few swing highs and lows. What is important here is to determine is is going to be a continuation correction to go lower, or a reversal correction to go higher ? To me, what I like about the price development is that we are seeing some LTF bullish impulse phase, breaking above the HTF structure. The last confirmation would be to look for lower time frames bullish continuation correction to confirm the move up, at least to the previous swing highs area. Thank you
BINANCE:BNBUSDLong
by jojofang0901
36
Weekly Trading Recap: EURUSD, USDJPY, ETH, EURAUD July 31 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 about +0.5% profit Full analysis/forecast: USDJPY: Out for +0.51% profit Full analysis/forecast: ETHEREUM: Out for BE Full analysis/forecast: EURAUD: 1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :)
by jojofang0901
21
Cluster + Earnings on TeslaClose to earnings, TSLA is sitting on a very good cluster. It's not just the nice 1:2.6 consolidation, TSLA is also hitting the MA 200,100,50,20, Fib 50, tight BBs looks good to me. The chance of a new bullish move is probably high if we get new momentum after earnings. If i see more then 1 rel. volume i like the trade more. Looking at the weekly view, we can also see that the 50 and 20 weekly MAs are close. I would watch the breakout first and then maybe wait for a retest. But let's wait and see what happens. SL: I think the half ATR below the $600 key level should be fine and 10% below the last ATH could be a realistic target
NASDAQ:TSLALong
by Lazytrader87
NZDUSD Bullish Outlook, Dont Miss the buyHi everyone Similar like my previous analysis on DXY and EURUSD, I also see strong bullish opportunities on NZDUSD. We can see price made a strong bullish impulse on the HTF, and begin to form into a deeper correction. Price made a few swing highs and lows to form the bigger HTF structure. The LTF in addition is also forming bullish price action. We see a descending channel, correctively move down to a double bottoms, and a strong bullish reversal up on the LTF. Now that price manages to break out of the LTF descending channel, expecting more bullish continuation correction to form and push the price up to the top of the HTF structure.
Long
by jojofang0901
16
NIKE Expect Further Bullish Upside Hi everyone: NIKE has been on my long term investment since the Covid recovery price action, and still looking clean for further up move. We can see the overall price has been in a bullish up trend since the Covid drop. Price was able to have a bullish reversal impulse up, breaking above all time highs, and formed continuation correction, which is where I got in. For me, equites are mostly for investment purposes and not day trading them, hence I can comfortably holding the shares for any deeper corrections. Latest price had a strong bullish breakout from the HTF correction, good indication for further upside potential. What I would wait for is a lower time frame continuation correction to develop, that will give us one final confirmation for the next buy move
NYSE:NKELong
by jojofang0901
34
Will the USD lose its momentum ? Bearish Reversal Price Action Hi traders: Looking at DXY here to get a better picture of how the USD may develop into the next few weeks. We can see from the previous descending channel and my outlook, we have a strong bullish impulse, reversal from the descending channel. After the strong bullish up move, price begin to form into another correctional structure. This time its getting squeeze into a potential rising wedge. As we know these type of price action structures are best with its pair with other bearish confluences. We see a potential double tops as well. Be on the look out for how the price will approach the tops, look for lower time frame bearish reversal price action to confirm the downside potential. Price may continue to correct upwards, so be patient and don't jump the gun. Wait for clear bearish impulse follow by continuation would be the best. thank you
TVC:DXYShort
by jojofang0901
32
Turning point for the USD ? Watch for bullish reversals. Hi everyone: Similar like my DXY outlook of the overall USD price action, we can expect the move to be very similar on EURUSD in the up coming days. What we are seeing here is a nice HTF bullish structure now with few swing highs and lows to give us a bullish bias point of view. LTF development is showing us a sign of a bullish reversal price action. A nice falling wedge/descending structure is hitting close to a down bottoms, and a LTF impulsively break up. Now, all we need now is a bullish continuation correction to develop and that will give us the last confirmation for the buy potential to the previous swing highs. Thank you
Long
by jojofang0901
44
Looking at the Russel 2000 index. Some over analysis. I get so many strategies colliding into each other I end up with no clear trade signals. Something that I can't do very well, but I can at least talk about, is the need to take a very simple strategy, then apply fine tuning onto it. When I am rushing into trades (because I want to get it over with) I take several major strategies and collide them. This yields a very messy concentrate. I then tend towards looking for channels and triangles. The market is an efficiency machine. If you are wondering why the market is behaving in a way you can always start again safely at that conclusion. The market is an efficiency machine, nothing more, nothing less. Then build your extrapolations from there. This will ensure your construction is on solid ground.
CME_MINI:RTYU2021
by emehoke
BTC Price Action Outlook, Think about the 2 possibilitiesHello everyone: Most of the crypto had some strong bullish price action last couple days, and many are looking to buy and hold for long terms. While this is certainly a possibility, let me give a 2 possible outlook on the current price action, and explain why this is the time to be extra patient here and observe the price. The bullish outlook, as most people are expected to happen, is looking great as the current price action structure is a descending structure, and a strong bullish impulse phase up. Naturally we would want to see further LTF continuation corrections, and the most important part is to break above the previous swing highs, and continue higher with further bullish continuation corrections. However, we should also consider the HTF overall price action, and the possibilities of a bearish continuation correction. The bearish impulse phase, can still leads to a bearish continuation correction to push the price lower. So understand that price can make a move up, but hitting the previous highs, and begin a LTF reversal price action, and creating a bigger bearish structure for the downside move. Ideally we all want to see the bullish move to continue and expect further bullish impulse phases on the LTF to push the price higher, but also understand what is possible from the price as well so we don't "marry" our analysis. Always have different possible scenarios. Thank you
BITSTAMP:BTCUSD
by jojofang0901
35
ETHEREUM Bullish Short Term Price Action Hi traders: Also looking at ETH for the short term up move. WE can see that price manages to move down correctively once again in a descending structure, hitting a double bottom. The HTF structure is looking to complete with a few swing highs and lows. Latest price on the LTF has a strong impulse move breaking out of the descending structure. Look out for a bullish continuation correction, inverse H and S pattern to get in the buy entry. If price can break out of the HTF structure, then expect further continuations to the next top Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
34