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Impulse

CADCHF Reversal Coming, Watch for Sell Entry Hello traders: Liking the price action on CADCHF for a bearish reversal. We can see the overall price has manage to correct the price up in the ascending channel correction. There is a double tops, "M" style correction reversal as well, and we see strong bearish breakdown from the price. Last confirmation here is to wait for a LTF continuation correction to develop and complete to look for a sell down to the previous lows. Thank you
Short
by jojofang0901
58
Ethereum Classic - When to get in on the next buy Hello everyone: ETC has managed to push up quite a bit since the beginning of 2021. We can clearly see a strong higher time frame bullish impulse move, pushing up the price to the upside. Naturally, the markets needs to correct the bullish phrase by forming some kind of correction structure/pattern. In this case we start to see a clean descending channel correction. AS we know, correction can certainly go in indefinitely, so its best to have a plan and management to get in. Few scenario I can expect the next move up would be, Price continue to correct within the channel, as long as its corrective price action move down, then we can see expect the price action to complete eventually. This will lead to the confirmation breakout from this descending channel correction, and I would look for some sort of lower time frame continuation correction to get in the on the buy to the previous highs of the correction, and the all time high as the next target. Patient is key to wait for correction to complete and confirmation breakout and continuation is key. Thank you
KRAKEN:ETCUSDLong
by jojofang0901
60
NZDUSD Look for Sell Setup Hi everyone: Few USD pairs had some strong bearish move today, and lets look for possible opportunities on them next few days. NZDUSD is looking clean for a breakout and continuation price action. We can see price had the initial strong impulse phase from the previous ascending channel, and it starts to correct into another ascending channel. Latest price action s on the LTF showed us a mini double tops, "M" structure for reversal and strong bearish push down. What I want to see from the price is a break below the previous lows, and a LTF continuation correction to form and get into the sell to the previous lows. IF price can break below that level, then further correction is expected to push the price even lower. Thank you
Short
by jojofang0901
37
SPX Bearish Price Action For Sell Hello everyone: Also looking at the US indices for bearish opportunities. From the HTF, we can see price made another sharp move to the top of the correction, but instead of continuation price action, we are seeing a channel like correction that failed to push price higher. Instead, the latest price had a strong bearish impulse down, breaking below the channel, so to me that is a reversal correction. I would then look for LTF continuation correction to get in on the sell down to the previous lows and low of the HTF correction. Thank you
OANDA:SPX500USDShort
by jojofang0901
26
NZDJPY Watch For Bearish Breakout and Continuations Hello traders: Looking at NZDJPY's price action for further selling opportunities. We can see a HTF ascending channel correcting the price up to the previous highs, double tops. On the LTF we see a "M" structure, Mini double tops, and a rising wedge. All good bearish price action to give us confirmation for a strong reversal from the top. Similar like AUDJPY price is breaking to the downside now, since its getting close to the bottom of the channel, best to wait for a confirmed breakout follow by LTF continuation correction to get in. Thank you
Short
by jojofang0901
12
HBAR Breakout ImminentHBARBTC has been consolidating in a falling wedge over the past 2 months, retracing nearly 36% from its prior rally (as of May 10). This consolidation pattern corresponds to wave (iv) (corrective) of an 12345 impulse structure, so I expect HBAR to rally to new highs upon breaking out. The On-balance volume and MACD DEMA are exibiting positive (bullish) divergence, while the RSI is exibiting hidden divergence. Furthermore, the Stochastic and Sotchastic RSI are oversold and about to cross bullish. The last time this happened, HBAR rallied nearly 30% over the span of 7 days.
Long
by otis_bagshots
AUDJPY Double Tops, Look for Sell Setup Hello everyone: Looking at the price action on AJ for potential short opportunities. From the previous impulse phase, price begin to form the channel correction, sideway movement. Latest price did push the price up, but its where the previous swing highs was. We see a small LTF ascending channel to correct the price up. Now we see a strong sharp bearish move down, so last confirmation for me is a LTF continuation correction to get in on a sell down to the lows. Thank you
Short
by jojofang0901
35
Cardano Look for strong bullish continuation price action Hello everyone: Cardano has always been on my watchlist for the next bullish move. We can see a strong higher time frame bullish impulsive phase, and now the price is in this larger correction. Latest price action continue to correct, and now formed a double bottoms within the correction then impulse up. These are great price action from a multi-time frame perspective. I would wait and see if price can break out of the HTF correction, and look for LTF continuation correction to get in more. Thank you
BINANCE:ADAUSDLong
by jojofang0901
56
5 Best Crypto to trade and/or to hold (BNB, ADA, XRP, DOT, LTC) 5 Best Cryptos to trade and/or to hold from a technical, price action point of view. (BNB, ADA, XRP, DOT, LTC) Hello everyone: The recent question I've been getting is what cryptos to trade or/and to hold. Certainly trading and investing (holding) would be different, so I thought I would outline some coins that have good price action and technical in my view at the current market condition. Make sure to have your own plan on whether you are trading them or investing (holding), as they can certainly have different outcomes and management needs to do so. Remember please also take into consideration risk management and trading psychology as well. Don't put all your eggs in one basket, spread out your $ to be stable and sustainable. BNB ADA XRP DOT LTC Any questions, comments or feedback welcome to let me know :) Thank you Jojo
BINANCE:BNBUSDLong
by jojofang0901
53
DOGE The Last Hurrah or To The Moon ? Hello everyone: End of the week, lets take a look at DOGE and its up coming potential outlooks. Purely looking at it from a technical point of view, the current price has broken above previous ATH level impulsively, and its forming continuation correction currently. One way to look at this would be waiting for a this correction finished, and look for LTF breakout and correction to get in the next impulse up. On the other hand, certainly price doesn't have to break above, instead drop below the previous highs, and formed bearish continuation correction to push to price all the way back to the previous lows. All joke aside, I am leaning more towards a bullish bias and outlook. Will see how the market development next few days. Remember, there's a different between trading a crypto with or without leverage, vs investing (holding) crypto. Different trading plan, risk management, trading psychology to consider. Trade your plan, plan your trade. :) Happy weekend everyone. Jojo
BITTREX:DOGEUSD
by jojofang0901
66
Weekly Trading Recap: ADA, AUDCAD, GBPCHF, EURUSD May 08 2021 Hello 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. CARDANO (ADAUSD) - Currently running at BE Full analysis/forecast: AUDCAD - Closed 2 trades for about 3.2% profit Full analysis/forecast: GBPCHF - Close down for about 1.87% profit Full analysis/forecast: NZDJPY - Closed 2 trades for about 0.74% profit Full analysis/forecast: EURUSD - Exit for about 0.85% profit Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you
BINANCE:ADAUSD
by jojofang0901
32
EURCHF Clean Bullish Price Action To Buy Hello traders: EURCHF is at the bottom of its current continuation flag correction, and there is good probability we will get this upside move. We can see since mid February this year, price had a strong bullish impulse phase, pushing to price way up. Naturally after a strong impulse, price will need to form correction, and we get this larger flag correction in the making. Latest price had a move down, but failed to continue after breaking previous lows. A descending channel formed on the LTF also. I will wait for one last confirmation from the price, a strong LTF impulse up breaking above the descending channel, and continuation correction to get in the buy. Thank you
Long
by jojofang0901
58
Elliott Wave Analysis: German DAX Remains In The UptrendHello traders and investors! Today we will talk about very nice and clean Elliott Wave pattern on German DAX, where we can see a clear impulse in progress. We are tracking an impulsive five-wave cycle from 13300 lows nicely connected within channel range. And, after recent (A)-(B)-(C) corrective decline in wave 4, seems like DAX can be on the way even higher for wave 5 towards 15700 - 16000 area. Today we have seen a perfect rebound from the channel support line, previous wave 1) swing high and 38,2% Fibonacci retracement, which clearly indicates for a bullish continuation back to highs. Always Keep It Simple! Trade smart! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
EUREX:FDAX1!Long
by ew-forecast
Bitcoin - Overview - Break OR Bounce! Bitcoin has been in a steady uptrend and providing us with clear impulse and correction. Naturally after an ascending correction, we expect a reversal (short term or long term depending on the market structure). As we have had an ascending correction, we are waiting for price to create a base where there's clear buying pressure. The ideal place to look for buys would be the 42K and the 50K as they both hold alot of weight due to historic price action. Keep a close eye on 56K to see how price reacts. Goodluck and trade safe!
BITSTAMP:BTCUSD
by WicktatorFX
3