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Impulse

OIL Watch For Bearish Reversal Price Action from the Top Hi traders: OIL is also looking very clean and could give us some short selling opportunities very soon. WE can see that price has manage to form another higher time frame parallel channel structure, continue to correct itself within. Latest price once again is forming another reversal structure, ascending channel to push up. Price can certainly continue to correct upwards, so be patient here to wait for the confirmation. I would wait for the ascending channel to complete correcting first, and the strong bearish lower time frame impulse to breakout, follow by continuation correction before enter any positions. Thank you
TVC:USOILShort
by jojofang0901
40
CHFJPY Top of structure, watch for reversal price action to sell Hi everyone: Most of the JPY pairs are on my watch list, and CHFJPY from the higher time frame is looking the best among the JPY pairs. We can see there is a strong bearish impulse phrase from the price, and the consolidation begins. A parallel channel correction, that could lead to the next bearish impulse from the price when it finishes correcting. Latest price shows a lower time frame ascending channel, correcting itself to the top of the channel structure. Watch for bearish reversal price action, head and Shoulder, double tops, smaller ascending structures on the lower time frames to give us the confirmation we need to look for sell entries down to the lows. Feel free to ask me questions, or comment/feedback. Thank you
Short
by jojofang0901
67
Quick Breakdown and Outlook on the US Indices (NASDAQ, SPX, DOW)Hi everyone: Did a quick breakdown and outlook on the 3 main US indices. My bias here on them is a potential bearish run on them, so I will be patiently waiting for the right price action to develop. If price continue to move up or doesn't form any bearish price action, then no entry and move on :) NASDAQ - SPX - DOW (US30) - All of them will need to develop some bearish price action and confirmation before consider an entry. thank you
OANDA:NAS100USDShort
by jojofang0901
41
USDCAD Multi-Time Frame Analysis, Top-Down View Hi everyone: Quick breakdown on USDCAD. Looks to me price finally is giving us more confirmation, and this upcoming week we could potentially see some bullish opportunities. I briefly explained the higher time frame and lower time frame bullish bias and confluences, and gave a quick forecast on how I plan to enter if the right price action develops. Any questions, comments or feedback welcome to let me know :) Thank you
Long
by jojofang0901
57
EURUSD Dont Miss The Sell Hello everyone: Finally we are seeing some confirmation from the USD strength, and I have been patiently waiting for the right price action to develop. Here on EURUSD, we are seeing a nice double tops from the price as it correct itself in the ascending channel reversal. We see a Head and Shoulder developed, and strong bearish breakout from the price. Naturally, waiting for a lower time frame correction here would be ideal to look for the sell entries down to the lows. thank you
Short
by jojofang0901
47
SPX Short Term Bearish Outlook Hello traders: Some of the US Indices could shape up for some short term sell entries on the lower time frame. We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate. This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in. Currently price is at the top of the channel structure, wait for a Completion of a Head and Shoulder pattern, lower time frame continuation correction to look for the sell entry down to previous lows.
OANDA:SPX500USDShort
by jojofang0901
14
MATICUSD Another Bullish Move Hi traders: Most of the crypto are in its corrective phase, and I wanted to wait for further development on them. Whereas for MATIC, it actually has a clean bullish price action that could give us some buy opportunities. We can see from my previous analysis and trade that I entered, price indeed pushed up very impulsively. However, it was follow by the crypto market crashed and it dropped quite a bit. What's good from the technical perspective is that, after a bearish move down, it was follow by a reversal impulse move up. This is usually a great indication that the bearish momentum is no longer valid, and if we see continuation bullish price action, then it can give us a good buy potential. Latest price does indeed breakout of the continuation correction, so look for any lower time frame correction for the buys to the previous tops.
MLong
by jojofang0901
44
USDCAD Lookout for bullish reversal. Hello traders: Most of USD pairs are due for some strength, and looking at USDCAD's price action here certainly can lead into some opportunities. We can see there is a higher time frame descending channel correction, pushed the price down to a double bottoms. Once the price reaches around this area, we begin to see an expanding kind of correction. As we know these type of corrections are a bit more advance, so its best to wait the development to complete. I would wait for the current price to finish consolidating and breakout above, then lower time continuation correction to look for the buy to the top of the HTF channel. Thank you
Long
by jojofang0901
13
BULLISH. BTCUSD 1W. Hammer Candle + MACD + StochHi everyone, Thank you for considering reading my idea. In addition to some bullish TA I have been posting recently, I just noticed that when we closed our weekly, the MACD histogram gave us an impulse. This means that momentum or the MACD line (yellow line) is weakening to the downside meaning sooner or later we may see a reversal of the MACD line and the Signal line. We also have, somehow, a hammer candle. Not sure if it's valid or not but this candle is a bullish reversal candlestick pattern indicating that we may have started to reverse and go to the upside. Like this idea and follow me for more analysis like this. TAYOR. Cheers, Juvs
BITSTAMP:BTCUSDLong
by Juvssss
5
EURJPY Watch For Bearish Price Action Hi traders: Closely watching some JPY pairs as always, and EURJPY and CHFJPY are looking good for potential bearish reversal. We can see price continue to correct to the upside, but not in a impulsive price action, rather very correctively moving itself up. We can see price just broke the higher time frame double tops, and a smaller, LTF ascending channel has formed. Price can certainly continue to correct up, in that case no entry and continue to observe. Where as when the correct is finished, I will be looking for the bearish breakout, followed by continuation correction to get in the on the sell Thank you
Short
by jojofang0901
33
BTC Where is it heading to ? Price Action Structure is key Hello everyone: Many have asked me about my view and analysis on Bitcoin and in general where the crypto market may go. Personally I think price is in a corrective phase and there is no need to rush to enter long or short. Sure there is some lower time frame movement and price action, but not enough development for any bigger impulses in the market. My plan is to always wait for higher time frame corrective phase is soon to be over before consider the entries on the lower time frames. So, how to approach BTC ? Well lets take a look at the corrective phase the price is currently in right now. 2 possible scenarios after the correction completes would be: Either we are going to see further downside from the price, as price attempts to make one more move to the upside completing a continuation correction for the bearish move, and price impulse down further. OR We are going to get a bullish impulse from the current structure itself, breaking above the previous lows of the ascending channel correction, and form bullish continuation correction after. Patient is key when it comes to trading. No need to always jump in and choose a direction or a bias. Lets the price come to you. Thank you :) Jojo
BITSTAMP:BTCUSD
by jojofang0901
81
Power of compounding interest, but why do traders still fail ? Hello everyone: Welcome to this quick educational video on Compounding interest in trading. Today I want to break down the benefits of compounding a trading account while keeping good risk management at bay. The reason why compounding interest is so lucrative is due to investing interest on top of interest, and your trading account can grow much faster than traditional investment returns. The important note is that, by having strict risk management rules, proper trading plan, the account can grow over time. But why do many traders fail to do so ? Let's take a deeper look into this: Many new/beginner traders often get involved in trading due to its profitable potential. However, most of them do not learn about risk management, trading psychology on mindset and emotions. They tend to over trade, over leverage their accounts in hope to double it in a short period of time. This almost always leads to traders to blow their accounts, and re-deposit more money to “chase/revenge” their losses, and the cycle continues. The truth is, growing the account by compounding can eventually double a trading account, but only in time and with strict risk management rules. However, the greed, emotion and mindset often become the tread stone for the traders’ success. It's important to understand that having a consistent, sustainable approach in trading can lead to profits and growth over time, but it's not something that is instantaneous, which is what most new/beginner traders often misunderstood. This can be due to social media, and lots of typical trading “guru” out there promising guaranteed results and easy money. Take a step back and think about compounding interest in time and scale. 5-7.5% return per month may not seem much for a small trading account, but it is sustainable and consistent by not over-risking and over-trading. In time when the account is at a larger scale, a few % return with compound effect in a year can generate very sizable return and growth. In today’s trading industry, there are many prop firms out there that allow you to trade their funds, if you can be consistent and sustainable. Understand these firms are not looking for traders to double their larger capital, rather, to have consistent return and proper risk management. When you can prove you can be consistent to compound a small account, then when you actually do trade a larger account, the % return would be the same. Last Note: Build up the right habits from the start. Your job in the beginning of trading is not to make massive returns, rather to focus on risk management, control emotion, and understand trading psychology. Once all these are checked, then you will be miles ahead of other traders who are still struggling to understand the concept. Any questions, comments or feedback welcome to let me know. Thank you Jojo
BITSTAMP:BTCUSDEducation
by jojofang0901
149
GBPAUD Get Ready for the Bearish Impulse Down Hi everyone: Looking at GBPAUD's price action for the potential sell opportunities. We can see the price is currently correcting in the larger, higher time frame parallel channel structure, continue to move correctively to the previous tops The latest price action shows us a lower time frame ascending channel reversal, good indication this could be the start of that reversal bearish move. Certainly price can continue to correct higher, as long as its still in the corrective phrase. The confirmation would be the strong bearish breakdown from the price, and LTF continuation correction to form and complete.
Short
by jojofang0901
24
AUDCAD Reversal Price Action for the buy Hi traders: This week I am looking at a few AUD pairs, and AUDCAD and GBPAUD are looking very clean. Here on AUDCAD, we can see the bearish trend has already happened and price dropped down from the top quite a bit. Latest price action shows a consolidation phase where price is moving slowly and sideway. Good indication that is forming a descending channel structure, and could give us a reversal opportunity. The correction isn't complete yet, so be patient here as price can continue to correct. Where as the confirmation would be a clean bullish breakout, and a lower time frame continuation correction to get in the on the buys. Thank you
Long
by jojofang0901
9