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Impulse

U.S. Indices Price Action Market Outlook (S&P500, NASDAQ, DOW)Hello everyone: Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them. My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups. All of them are pretty much sitting at the top of the overall higher time frame price action, so certainly has good probability that we can get some bearish reversals. I will go over them from a mid-long term approach. Once again patience is key, if the bearish price action does not develop or continue, then no trade and entry, move on to other opportunities and different scenarios. SPX NAS DOW Any questions, comments or feedback welcome to let me know. Thank you Jojo
OANDA:SPX500USD
by jojofang0901
49
Elliott Wave Analysis: CADJPY Pointing To 90 LevelHello traders! Today we will talk about CADJPY currency pair which is moving nicely as expected within nice and clean Elliott Wave pattern. Well, after we noticed an A-B-C correction and strong bounce we have been warning about new rally that can send the price back to highs. Here we are, CADJPY is trading in a new impulsive five-wave cycle which looks to be unfinished and if consider minimum target of 161,8% Fibonacci extension at 90.0 level, then we will probably see more upside for wave (5). However, before a continuation higher, we may currently see a corrective slow down within (4), where ideal support would be at the previous swing high and between 23,6% - 38,2% Fibonacci retracement, actually at that trendline connected from the lows and around 88.30 - 88.00 levels. So, once a correction in wave (4) fully unfolds, we can easily expect more gains towards 90.0 level within wave (5). If you like what we do, then please like and share our idea! Trade well and all the best! 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.
Long
by ew-forecast
1
📚 Understanding Price Action - Impulsive & Corrective Moves 📚For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and ask yourself "is this impulsive or is this corrective". Once you understand that, you can more often than not understand where price will be going next. For CADJPY, we are in a flat ABC triangle and we are approaching the upper limits of the triangle. We also are in an ABC correction. On the smaller timeframe, if things line up, we can get in at the very top of the impulse and ride this back down! Try spotting corrections and impulses and watch how your chart game levels up!
Education
by WicktatorFX
7
AUDUSD Look for Continuation Sell Hello traders: Also on my watchlist is AUDUSD which has good bearish price action in the making. From the HTF rising wedge, price broke out follow by continuation correction. Then the latest price formed a deeper pullback, but a Head and Shoulder pattern was formed within the flag/channel correction. Good indication we can get another bearish run. Similar like AUDCAD, I would wait for a confirm breakout from the channel, and a LTF continuation correction to get in on the sell. thank you
Short
by jojofang0901
46
EURUSD Sell Setup Hi traders: EURUSD is now forming an expanding structure that can lead into the next bearish impulse phase. We see price has already broken out of the HTF correction, and has strong LTF impulse breakout. The latest price action shows an expanding type of correction, and within in a LTF ascending channel, correcting the price up. I would be patient here and wait for a strong LTF impulse breakout, follow by continuation c correction before entering a sell. Thank you
Short
by jojofang0901
21
Detail Breakdown on GOLD Mid-Long Term OutlookHello traders: Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook. There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management. Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and hit the bottom for the HTF flag/channel structure before reversing. Alternatively we can also expect price to consolidate here and form a LTF impulse to breakout of the LTF flag/channel as well. In both cases, long term outlook is certainly bullish if we get a completion of the LTF flag/channel that will have high probability to lead into next bullish impulse run. Any questions, comments or feedback welcome to let me know. Thank you Jojo
OANDA:XAUUSD
by jojofang0901
58
Ripple correction finish for the next up move Hi everyone: Ripple has completed its correctional phase, and is shaping up for another buy opportunity. We can see price formed a larger continuation correction after a strong impulse phrase to the upside. An Inverse Head and Shoulder pattern formed, and a confirmation breakout from the larger structure. I would pay close attention now for this right shoulder to form into a continuation correction and look for the previous highs as a potential target. Thank you
BITSTAMP:XRPUSDLong
by jojofang0901
50
📚 Impulsive & Corrective Breaks - How To Identify & Trade Them 📚What is an Impulse? An impulse is defined as a strong move whereby the market moves quite strongly or heavily in one direction, covering a great distance in a short period of time. Typically, when there's a trend reversal occurring, we require an impulse in the opposite direction of the trend, indicating to us that there's a possible trend reversal. The question we face now is "What does an impulse need to look like for there to be a trend reversal?". Throughout my years in trading, I've found that if a significant level is broken during the impulse, we can expect a follow through of that impulse after a brief correction or a retest. In the Impulse diagrams, you can see that I've marked out a recent significant level where price reacted. When there was an impulse, I kept an eye on the level to see if it breaks. If it did not break, I can assume that the impulse wasn't strong enough to create a trend reversal and it is merely a bigger more aggressive correction. However, if the level did break along with the trendline, we can assume that there is a trend reversal taking place and we should keep our focus on the key level and price action for corrections such as flags, pennants , channels etc. Please see chart updates for examples of Impulsive Breaks and how to trade them. What is a Correction? A correction is defined as a relatively short-term movement of the market in the direction opposite to the main trend. To identify whether a break of a trendline is an impulsive break of corrective break, we must also identify the key level by looking at a significant level where price reacts. If the impulse that breaks the trendline does NOT break the level, we can assume that the trend isn't ready to reverse yet and it is a corrective break. Often a corrective break ends up with an impulse breaking the significant level, at which time we can look for a correction to take our trade. See chart updates below for examples of corrective breaks and how to trade them. Please leave a like and comment what you think! As always, Goodluck and trade safe! Mr Wick.
Education
by WicktatorFX
140
📚 Impulsive & Corrective Breaks - How To Identify & Trade Them 📚What is an Impulse? An impulse is defined as a strong move whereby the market moves quite strongly or heavily in one direction, covering a great distance in a short period of time. Typically, when there's a trend reversal occurring, we require an impulse in the opposite direction of the trend, indicating to us that there's a possible trend reversal. The question we face now is "What does an impulse need to look like for there to be a trend reversal?". Throughout my years in trading, I've found that if a significant level is broken during the impulse, we can expect a follow through of that impulse after a brief correction or a retest. In the Impulse diagrams, you can see that I've marked out a recent significant level where price reacted. When there was an impulse, I kept an eye on the level to see if it breaks. If it did not break , I can assume that the impulse wasn't strong enough to create a trend reversal and it is merely a bigger more aggressive correction. However, if the level did break along with the trendline, we can assume that there is a trend reversal taking place and we should keep our focus on the key level and price action for corrections such as flags, pennants, channels etc. Please see chart updates for examples of Impulsive Breaks and how to trade them. What is a Correction? A correction is defined as a relatively short-term movement of the market in the direction opposite to the main trend. To identify whether a break of a trendline is an impulsive break of corrective break, we must also identify the key level by looking at a significant level where price reacts. If the impulse that breaks the trendline does NOT break the level, we can assume that the trend isn't ready to reverse yet and it is a corrective break. Often a corrective break ends up with an impulse breaking the significant level, at which time we can look for a correction to take our trade. See chart updates below for examples of corrective breaks and how to trade them. Please leave a like and comment what you think! As always, Goodluck and trade safe! Mr Wick.
Education
by WicktatorFX
56
GBPCHF Watch for this bearish reversal Hello traders: GBPs lately have been bearish across the board, and certainly is looking so on GBPCHF. We can see price action formed an ascending channel/wedge structure, correcting the price to the previous swing high. This is a good indication the bullish momentum is exhausted, and we can expect a reversal price action. We then see a sharp bearish impulse down, breaking out of the correction. Good sign or further bearish continuation down. Wait for LTF continuation correction here to get in on the bearish run. Thank you
Short
by jojofang0901
38
AUDCAD Continuation Sell (Multi-Time Frame Analysis) Hello everyone: Looking at AUDCAD for continuation sell opportunities. WE can see price had a bearish impulse phrase on the HTF, after breaking out from the rising wedge, and is now forming consolidation which can lead into the next down move. I would be waiting for a confirmed breakout from the continuation correction, and any LTF correction to get in on the sell thank you P.S. If you enjoy a video analysis breakdown moving forward, please let me know :) thx Jojo
Short
by jojofang0901
38
How to Trade Price Action Daily!Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) . Key things to Remember: When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction" The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves to Finish its correction) The Best way to follow This Method is if the following conditions apply. Conditions - 1. Look & Find a Big Impulse On bigger Timeframes (Weekly, Daily or 4Hours) 2. Wait for The Market to Finish its Impulse (You will notice the market starts to move the opposite direction to the original Impulse) 3. Pull Your Fibonacci From The Start Of the Impulse to the End of the Impulse Aka ( From high to low = Sell OR Low to High= Buy) 4. Be Patient and wait for the Market to Reach the Aka Strong Levels (61.8 Or 32.8) OR Which Ever is Better Align With Good Structure! 5. Once you Have a smaller Timeframe break of structure or Momentum Change (You will look for an Entry Based on Market Environment + Structure) 6. Enter Your Trade Preferably of 1hOur Or 4hour Timeframe (whichever has given confirmation mentioned in point 4) 7. Always Use Risk Management / 1% Risk to Trade Entries using this Method 8. Patience is the Key to Success! Let Me know if you have any Questions or Comments Below! Your Support Is Appreciated! Happy Trading & Goodluck! See You in the Next Educational Video! Global Fx Education
Education
by Global_Fx
USD Outlook (GU, EU, AU. NU)Hello everyone: Welcome back to a quick updates on the USD. In this quick video I breakdown 4 USD pairs that are shaping up to for a good sell potential on them. All of them will need a bit more development to give me the positive confluence to enter the trades, so patient is key here. IF the price doesn't develop into what I like to see, then no entry for me. :) EURUSD s3.tradingview.com GBPUSD s3.tradingview.com AUDUSD s3.tradingview.com NZDUSD s3.tradingview.com Any questions, comments or feedback welcome to let me know :) Thank you
by jojofang0901
41
BNBUSD Dont Miss the next buy Hello everyone: BInance Coin has strong bullish price action that can lead to the next impulse phase to the upside. We can see price already made a strong impulse move up from the previous HTF continuation correction, which I was able to get in and secure good profits from. The latest correction in the making is another sign from the market that its consolidating and ready for the next move. I would wait for the correction to complete and look for LTF entries once it shows confirmation breakouts and correction to go. thank you.
BINANCE:BNBUSDLong
by jojofang0901
57