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Impulse

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
LINKUSD Look for continuation buysHello everyone: LINK has also formed a deep, continuation correction on the LTF to give us a positive confluence to look for buy. We see price has made a strong bullish impulse up from previous correction, and begin to form another pennant /expanding structure. This is a good indication that we can expect price to resume its bullish move after the correction is finished. Wait for price to consolidate more if it needs to, and wait for breakout follow by continuation correction to buy. thank you
COINBASE:LINKUSDLong
by jojofang0901
34
ATOM Ready for the next bullish move ? Hello traders: Similar like Binance Coin price action, we see here on ATOMUSD is also in a larger consolidation correction, and could lead into the next bullish impulsive phrase. We can see price has already made a strong move to the upside, and naturally we can expect a deeper continuation correction. We see there are a few swing highs and lows, and nice price is at the top of the structure now. Even though I am expecting the bullish move to continue, I will wait for either a confirm breakout from the price and LTF continuation or Price may make another corrective move down to the bottom of the structure and then the reversal up move. Thank you
KRAKEN:ATOMUSDLong
by jojofang0901
36
EURUSD - SHORT ENTRY PRICE - 1.18990Consider the option of EURUSD leaving the uptrend channel. The main volume is concentrated so far @ 1.18700. A strong impulse is needed to break through this level. EURUSD - SHORT ENTRY PRICE - 1.18990 SL - 1.19280 TP - 1.18230 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
How to identify a correction for the next impulse move ? How to identify if a correction is finished/completed and ready for the next impulse move ? Hello everyone: In this educational video I will go over how to properly identify a correction in price action analysis. I recently made a price action workshop live stream video that went over everything on impulse - correction, structures/patterns, continuation and reversal corrections, but I still get a lot of questions on identifying corrections itself. How to draw, use the trendlines to identify a correction, and how to understand they are going to complete/finish. In my opinion this is the most important part in technical analysis. We need to understand that the market moves in phrases, it can only be in the impulsive phrase or corrective phrase. The key to trading is to understand when a correction finishes, we are going to get the impulsive phrase which will give us traders a better edge in the market to enter, where the momentum is strong. I have made many educational posts on price action analysis, specifically on continuation or reversal correction, which I will put the links below. Any questions, comments, or feedback welcome to let me know. Thank you Jojo Price Action Workshop www.tradingview.com Impulse VS Correction Continuation and Reversal Correction Multi-time frame analysis Continuation Bull/Bear Flag Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Expanding Structure/Pattern
BINANCE:BNBUSDEducation
by jojofang0901
62
LITECOIN Next Bullish move up Hi traders: LTC is shaping up to be a good bullish continuation buy. We see price has already moved up quite impulsively in the latest price action. After the LTF impulsive from my previous analysis, price begin to form a deeper, expanding type of structure. Latest price has shown a descending channel within the larger expanding continuation correction, and we have a confirmed breakout. Look for LTF continuation correction to get in on this next bullish buy potential. thank you
BITSTAMP:LTCUSDLong
by jojofang0901
23
Weekly Trading Recap: BNBUSD, GBPJPY, GBPUSD, XLMUSD, Apr10 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. Binance Coin (BNBUSD) - running about +8% profit, will exit at $500 Full analysis/forecast GBPJPY - Exit for +3% profit first trade, and -1% loss on second scale in. Full analysis/forecast GBPUSD - Exit for +2% profit Full analysis/forecast Stellar (XLMUSD) - running about +1% profit, SL still at BE Full analysis/forecast: EURNZD - Exit for +0.5% profit Full analysis/forecast NZDCAD - exit for about -0.25% loss. Full analysis/forecast Any questions, comments or feedback please let me know. :) Thank you Jojo
BINANCE:BNBUSD
by jojofang0901
41
GBPUSD Don't Miss this drop Hello traders: GBPUSD has broken out of the HTF ascending channel structure, and is finished forming its continuation correction. We can see price has already been in a bearish trend from the top of the HTF ascending channel. Price managed to make the first impulse, follow by correction, then another impulse out of the HTF channel, good indication of continuations downside. Latest price has completed a bearish flag/channel continuation correction and price broke out now. So this LTF correction that is developing will give us good entry to sell down to the next recent lows. Thank you
Short
by jojofang0901
53
EURUSD Don't Miss the bearish price action to sell Hello everyone: Most USD pairs are getting more strength, and certainly EURUSD is also showing us the bearish price action. WE see price has already impulse out of the HTF rising wedge reversal structure, and continue to the downside with many continuation corrections. The latest bearish impulse on the LTF is follow by a ascending channel like correction, good signs of further bearish continuation. Look for any corrections to get in on the sell, to the next HTF lows. Thank you
Short
by jojofang0901
29
NZDUSD Sell Setup Forming Hello everyone: NZDUSD has also shown us a strong bearish reversal price action from the HTF ascending channel structure. Similar like AUDUSD, price has formed strong LTF impulse, follow by continuation correction to move the price lower. Now we are seeing yet another LTF impulse and follow by a small LTF continuation correction. We can expect either price will start breaking lower now and follow by LTF correction to go lower, or We can wait for a bigger continuation correction that will form here, and still expect the bearish move to resume once correction finishes. thank you
Short
by jojofang0901
37
AUDUSD Continuation bearish price action to sell Hello traders: AUDUSD has been in a bearish trend from the top. We see the price reversed from the HTF rising wedge structure, and we can clearly see strong bearish impulses and corrections to push the price down. Latest price action shows us another LTF bearish impulsive move, and now a continuation correction form. Either we can expect this is all the correction the price needs to break down lower and pass the previous lows to show further downside potential, or a bigger correction could form here, but still a bearish continuation after it completes. Thank you
Short
by jojofang0901
35