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Impulse

JPY Yen Pairs are gaining strength, what to look out for now ? Hello everyone: Since both USD and JPY pairs are all gaining momentum and enter into the impulsive phase of the market condition, let's take a closer look into them and see what we can expect from them next week and onwards. Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these setups. Personally I do see them very likely to continue the bearish trend, but whether they form just small, lower time frame corrections to continue, or form deeper, larger corrections before the next continuations. Let's take a look into all the JPY pairs, and see how we can approach them. EURJPY: CHFJPY: GBPJPY: NZDJPY: AUDJPY: CADJPY: USDJPY: Any questions, comments or feedback welcome to let me know. Thank you
by jojofang0901
52
Weekly Trading Recap: EURUSD, USDCAD, CHFJPY, NAS June 19 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week. I will explain my approach on the entry, SL, TP and management. EURUSD: Full analysis/forecast: USDCAD: Full analysis/forecast: CHFJPY - Full analysis/forecast: OIL Full analysis/forecast: NASDAQ (NAS100) Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
29
GBPUSD Miss the Sell ? More Sell Entries available Hi traders: We have seen the USD getting strength across the board, and certainly GBPUSD is one of them to watch out for further downside potential. We can see price has already been falling since the double tops, breaking down from the LTF ascending channel Now the price is on verge to breakout of the HTF channel, good sign for further bearish continuations. What I would be waiting for is a confirm breakout, follow by lower time frame continuation correction. Look for first potential TP to the previous low, and if price continue further, watch for scale in opportunities for this bearish impulse run. thank you
Short
by jojofang0901
35
GBPJPY Top of structure, watch for sell Hello traders: Most of the JPY pairs are getting strength, and are forming clean bearish price action, and I expect further downside potential from the price. We can see price is currently in this HTF larger parallel channel correction, and the latest price is forming consolidations at the top of the structure. We see a Head and Shoulder pattern, good indication of a bearish reversal. Price has already pushed down from the right shoulder correction, good sign for further downside. Be on the look out for further bearish lower time frame continuation correction to get in on the sell down to the lows. thank you
Short
by jojofang0901
38
USDJPY Bearish Sell Potential Hi traders: USDJPY is also developing into some bearish price action on the lower time frames, and we could potentially look for short term sell entries. We can see from the higher time frames that price had a false breakout of the larger channel, then a strong reversal impulse down from the top. After a sharp move, naturally price needs to form correction before any continuations. Here on the LTF we are see that channel like correction, and price formed a few swing highs and lows to potential complete such correction. Look for continuation on the LTF to see if price has enough momentum to breakout, and continue down the previous lows. thank you
Short
by jojofang0901
45
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