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Impulse

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
GBPJPY Look for continuation sell Hello traders: Most JPY pairs are also showing some bearish price action and GBPJPY looks the cleanest for me. We see the previous sell setup from the top of a double tops, "M" style pattern, and then price falls into an expanding correction. WE can start to see a HTF Head and Shoulder as well. As we know expanding type of correction can be more advance, so I am patently waiting for further confirmation form the price. Preferably we get a LTF continuation correction within the expanding structure and that can lead into the next bearish impulse phrase from the market. Alternatively, if price just breaks out of the expanding structure and as usual look for continuation correction after. Thank you
Short
by jojofang0901
38
SPX Is It Ready for the drop ? Hello everyone: Also looking at most of the US indices, and SPX500 is looking very clean for a strong bearish reversal from the top. We can see price has been in this larger, HTF correction phrase, continue to correct the price up. As we can see from the latest price, LTF ascending channel at the top of the overall price action is a good indication for the bearish reversal. Now that price has broken out of the ascending channel, wait for confirmation of a LTF continuation correction would be best to enter a sell. Thank you
OANDA:SPX500USDShort
by jojofang0901
30
a Tip about reading VolumeHow to read volume in your stock: General concept: - You want to see volume increase on impulses and volume decrease on corrections Volume analysis: A: Price is moving up, volume is increasing - as should be. B: Price is correcting, volume is decreasing - as should be. C: Price is moving up, volume is increasing - as should be, BUT the large volume is not pushing forward and the price is starting to correct - Red flag. D: Price is correcting, volume is decreasing - as should be. E: Price is keeping correcting further, volume is increasing on deep correction after breaking local low!!! (not as should be) + HUGE amount of volume greater than volume peaks 1 and 2 =====>>>> we are about to go into a large correction! Large correction = deep or lengthy... but it doesn't tell you which one... maybe both, it is just telling you correction about to happen... F: Large correction is happening, volume is decreasing. EXTRA ANALYSIS: Remember that the market is fractal, so this pattern repeats itself on different structures. - From point A to E you have an impulse on increasing volume. From point E to F you have a correction on decreasing volume (Bigger time frame). - From point A to 1 to B there is an impulse and correction volume pattern, as stated above on the lower time frame: A is an impulse with increasing volume 1 is like point E - volume on the RED day is greater than the Green day or any previous days on the rise. B is a correction on decreasing volume The whole concept of volume analysis is to help the trader be more in tune with the market cycle... So you will know when you are in a correction, and when you are in impulse. Knowing this will help you HOLD ON, when you need to, or TAKE PROFIT when you have signs that correction is happening. If you like it, follow and like this idea so it will save on your saved ideas for future reference.
PEducation
by ZoharCho
11
Elliott Wave: a potential Wave 3 or Wave C in TeslaThe price of Tesla ( NASDAQ:TSLA ) had been going down in a 5 waves manner, which was followed by a double zigzag correction, implying the next possible move will be another 5 waves decline The only 2 possible patterns which can be formed in 5-3-5 are either an impulse (5-3-5-3-5) or a zigzag (5-3-5) Therefore we can set two targets for this trade (or just separate as 2 trades) For the first one, assuming we enter a short at $713, the stop loss will be $780.72 (above the end of wave b), the take profit will be $467.96 (assuming wave c = wave a), which give us a 1:3.6 risk/reward ratio For the second one, the take profit will be $341.07 (assuming wave c = 1.618 x wave a), which give us a 1:5.4 risk/reward ratio P.S. my analysis was done in log scale
NASDAQ:TSLAShort
by wivanz
14
Weekly Trading Recap: LTCUSD, XLMUSD, BNBUSD, GBPCHF Apr 17 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week. I will explain my approach on the entry, SL, TP and management. Litecoin (LTCUSD) - Running about 2% profit Full analysis/forecast: Stellar (XLMUSD) - Running about 2.5% profit Full analysis/forecast: Binance Coin (BNBUSD) - closed down for +9.5% profit Full analysis/forecast GBPCHF - Closed down for +0.5% profit Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
BITSTAMP:LTCUSD
by jojofang0901
49
XLMUSD Look for the all time high Hi traders: Similar like Ripple, I can see the strong bullish price action on Stellar. Price managed to break out of the HTF correctional phase, and a strong bullish LTF impulse to push up. We are seeing yet another continuation correction in the making, good indication for further upside once correction completes. I would wait for either a breakout right away from the current correction, and LTF smaller corrections to scale in more, or wait for a bigger consolidation to form and complete and look for the next up move from there. Thank you
BINANCE:XLMUSDLong
by jojofang0901
36
Ripple Next Target All Time High Hi everyone: Ripple has almost triple its price since it broke out of the HTF continuation correction in the beginning of April. Such a strong bullish impulse move, naturally we know there will be correction in the market. The key here is to identify whether the current correction will be enough for the next move up, or a deeper correction is needed before the resume of the bullish trend. Either way, I expect we can get another buy opportunity to the all time high area, and see if price can break above it and continue higher. Thank you
BITSTAMP:XRPUSDLong
by jojofang0901
24