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Impulse

EURNZD Don't miss this next buy Hello everyone: Also looking at EURNZD for the bullish reversal from the bottom. We see price has been correcting itself down within this larger higher time frame descending channel. We hit a daily double bottoms, and price had a initial impulse up. Then a bigger, deeper consolidations formed. Patient is key here to wait for the price to complete the correction it needs to before resuming the next bullish run. Looks like the lower time frame is finally breakout out of the the correction now, so look out for LTF continuation correction to get in the on this bullish reversal to the recent tops. thank you
Long
by jojofang0901
19
EURAUD Don't Miss the next impulse upHello everyone: EURAUD ha finally finished its higher time frame descending channel correction, and is ready for the next move up. We see price has already made a lower time frame bullish continuation correction, and pushed the price out of the HTF descending channel. This is good indication that we are seeing a strong bullish reversal from the bottom, and we can expect the next impulsive phrase to start. I already got in the buy, but certainly seeing more opportunities once price pushes up more. Look for further LTF correction to scale in more buy opportunities. Thank you
Long
by jojofang0901
36
GBPJPY Continuation sell setup Hi traders: Most JPY pairs are showing further strength and we can certainly expect further bearish price action to continue. Price showed us a recent double tops, "M" style pattern, and an ascending channel correction. These are very good bearish price action to have on the lower time frame. We then see a strong bearish move on the LTF, and we start to see a continuation correction. Look for this correction to complete an sell to the previous lows. Thank you
Short
by jojofang0901
40
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade. The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse. The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections. Do your best to find them in your trading!
Education
by WicktatorFX
7
Bitcoin BTCUSD - Elliott Wave UPDATE! + Rising WedgeBullish scenario for Bitcoin: - This is my current bullish Elliott Wave count and as you can see, the price action is currently extremely bullish. - RIsing wedge is generally a bearish pattern, so there is a chance for an ending fifth Elliott wave diagonal. - Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓ - I am not expecting the price to go above the rising wedge, it is possible, but sounds unlikely and can be just a bull trap or liquidity provider for whales. - The volume is decreasing and this trend should continue for next month. - If you want to see more of these ideas, hit "Like" & "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
13
Does news events affect price action analysis in trading ?Hello everyone: Today I want to discuss news events in trading. Often when a news event comes out in the market, we get some sort of volatility and we get a strong spike/impulse. However, does news events affect our ways of understanding price action analysis ? Let's take a look at a few examples of the recent FOMC volatility that happened in the forex, indices and commodity market. Most of the market had a sharp quick move to one direction, hinting a sign of weakness in USD/JPY..etc. However, all of them ended up with a reversal impulse, and recovered all the price from the volatility. So, what can we take away from this ? News certain creates volatility, but not the overall price action trending direction. We may get a temporary short term move, but eventually the market recovers it, and resumes its original direction. Often beginner/newcomer traders will try to “jump” onto the news momentum, but usually end too late, and they will take a BE or losses. We can not control the outcome of the news or whether the news will be positive or negative towards our trades, but what we can control is our entry, SL, TP, risk management, emotions and mindset. Any questions, comments or feedback welcome to let me know :) Thank you Jojo
Education
by jojofang0901
18
GBPCAD - short setupGBPCAD is in a strong downtrend... on the daily market broke below support with a strong bearish impulse which has been followed by a correction to the 0.50 fib making a new lower high, now i am expecting the continuation to downside and market to form another lower low from a daily perspective. On the 4hr timeframe we will be waiting for market to break below this counter trendline and form new 4hr bearish structure then if all other rules are met we can enter on the retest of previous support turned resistance.
Short
by ITSCRYPTO1
Weekly Trading Recap ADAUSD, EURUSD, USDCAD, AUDCAD, Mar 20 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week, and what are still running. I will explain my approach on the entry, SL, TP and management. ADAUSD (Cardano) - BE Full analysis/forecast: USDCAD -BE Full analysis/forecast: EURUSD - BE Full analysis/forecast: AUDCAD - 2 trades closed down for 4% Full analysis/forecast: EURNZD - BE Full analysis/forecast: Any questions, comments or feedback please let me know. :) I will always do a weekly trading outlook live stream at the beginning of each week to discuss any potential opportunities ahead in the forex, crypto, indices, and commodity markets. Feel free to tune in to my forecast. :) Thank you Jojo
OANDA:NAS100USD
by jojofang0901
21
USDCAD Big Reversal Coming, Don't miss the buy Hello everyone: Looking at USDCAD here to have the bullish reversal in the up coming weeks. WE see higher time frame descending channel correction, very good indication the price isn't getting push down anymore. As the latest price pushes down to the bottom of the structure, and a lower time frame expanding structure formed. As we know expanding structures can be both reversal and continuation, so its best we see a confirmed breakout from that structure, and any LTF correction buy to get in on this big reversal. Thank you
Long
by jojofang0901
28
SPX500 Sell setup from the top Hello traders: Similar like my outlook on NASDAQ, I do see the bearish reversal price action in the making. Previous sell from the top did not breakout of the HTF expanding structure, and move up once again to the tops. We then see a double tops in the making, and a LTF ascending channel reversal. Latest breakout form the channel can be the first sign of the bearish reversal we are waiting for. Look for LTF continuation correction to get in the on the sell down. Thank you
OANDA:SPX500USDShort
by jojofang0901
45
DOWJONES Watch for sell reversal Hi everyone: Watching DOW at the top of its overall price action for reversal bearish opportunities. We see price has been consolidated in the higher time frame structure for quite sometimes now. Latest price had a quick LTF move up to the top of the structures but within the ascending channel correction on the lower time frame. This is a good indication that the price isn't going to continue upwards, and a reversal is imminent. Best to wait for a strong breakdown from the price and follow by continuation correction on the LTF to get in on the sell. Thank you
OANDA:US30USDShort
by jojofang0901
29
EURAUD Watch for this bullish reversal. Hi traders: EURAUD has been in a corrective structure for quite sometimes now. We see price moved down within this descending channel, correcting the price to a potential double bottoms on the higher time frame. Then bullish move in the LTF, push up the price, begin to form consolidations. Either expect this wedge/channel the LTF to breakout of the HTF descending channel, then look for continuation correction to buy. Or We may see price move down once more again correctively to form a LTF double bottoms before the big reversal. Thank you
Long
by jojofang0901
16
GBPJPY Short Term Bearish Reversal Hi everyone: Looking at GBPJPY's current lower time frame price action. Overall price has been pushing up, and we have yet seen a deeper consolidation for bullish continuation. Instead we see price broke the HTF swings high tops, and correctively move up in an ascending channel, could be the first sign of a potential bearish reversal. What I will wait for is a clear LTF impulse out of this channel, and continuation correction to sell. Look to see if price can break below the previous lows and continue, or reverse back up to the upside. Thank you
Short
by jojofang0901
43
EURJPY Short Term Sell Setup Hi traders: Similar like other JPY pairs, I am also seeing EURJPY can have a short sell potential. We saw price has been within the channel like structure pushing the price up. An ascending channel was formed and broke the previous tops correctively. Then, LTF formed a H and S pattern, and a strong LTF bearish move down. This could be the first sign of the bearish reversal on the lower time frame. Wait for continuation correction after a strong breakout would be very ideal to look for the short sell down to previous lows. Thank you
Short
by jojofang0901
19
NASDAQ Looks for bearish continuation correction Hello traders: Price as we can see broke down from the previous ascending channel structure, and strong bearish impulse out of the the higher time frame ascending structure. We then see an expanding structure and further push down from the price. Eventually, price formed a deeper consolidations, rising wedge correction. To confirm further downside entry, best to wait for breakout from the wedge and LTF continuation correction to get in. Thank you
OANDA:NAS100USDShort
by jojofang0901
62