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Impulse

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
EW Analysis: USDJPY Remains Bullish Towards 2020 HighsHello traders! Today we want to update USDJPY chart, which is moving nicely bullish as we expected at the beginning of 2021 and seems like there's room for more gains towards 2020 highs as we see an unfinished five-wave cycle. As you can see, USDJPY is in an impulsive move up, breaking even above base channel resistance line which suggests wave (3) of a five-wave cycle. So, more upside is in view towards projected Fibonacci 110.80 and 112 target levels, but probably once a current consolidation, ideally a correction in wave 4 fully unfolds. Wave 4 can be either a triangle or a flag pattern that can retest the base channel resistance line as a support before the uptrend resumes. We remain bullish as long as the price is trading above 106.20 invalidation level. Trade well and all the best! If you like what we do, then please like and share the 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.
Long
by ew-forecast
AMAZON Continuation Correction for the buy Hello traders: Looking at AMZN now for further upside potential. We see that strong bullish impulse up, and price being to form the larger deeper correction. This is a good sign for continuation for the price, as we see the structure develops into a triangle/pennant after seeing a bullish push up. I see 2 scenarios for the buy, either price can break out now and form continuation on the LTF to push higher or Price correctively push down once more to the lows of the correction, and reverse up from that point. Thank you
NASDAQ:AMZNLong
by jojofang0901
13
TESLA Is it time to buy now ? Hello traders: Tesla has dropped down quite a bit since last month, and the question is, is it time for the bullish price action to start now ? We see the latest price has dropped down from a continuation correction, but failed to form further LTF correction to push the price lower. Instead what we get is a reversal impulse up from the price, could indicate the first bullish momentum to come in. Wait to see if we get LTF continuation correction to formed here, and an inverse Head and Shoulder pattern to give us further confluence to look for a buy from here. thank you
NASDAQ:TSLALong
by jojofang0901
51
BITCOIN Deeper Correction before the next long term buy Hello everyone: I haven't update bitcoin for a while since the last bearish move down where I sold my previous hold position. Now that the price developed more on the lower time frame, its show a bit more structure now. We can see price did broke the all time high briefly, before a short lower time frame impulse out of the ascending channel. Latest price action on the LTF show a continuation correction in the making. What I expect is to see short term bearish move down to the previous low area, formed a deeper correctional structure, and reverse from the bottom to continue the bullish trend that we have seen. Personally not into the short term sell, but certainly has potential to the downside. IF we get see price move down to the previous lows and form reversal price action from the bottom, then that's would be very good bullish continuation entry to get in. Thank you
BITSTAMP:BTCUSD
by jojofang0901
38
CARDANO Dont miss the next bullish continuationCARDANO Dont miss the next bullish continuation Hi traders: Looking at ADA for the next bullish run to the upside. We can see price has pushed up very impulsively, and many LTF continuation correction formed to give us the buy entries. Now that price hit the all time high, and begin its consolidations, it give us a good confirmation that a continuation correction is likely to form. Latest price action shows a potential completion of this pennant/triangle like structure, ready to break out now. Wait for LTF impulse and continuation correction to look for buy. Once price breaks all time highs, then look for further scale in opportunity to go. Thank you
BINANCE:ADAUSDLong
by jojofang0901
58
Expanding Structures/Patterns in Price Action AnalysisHello everyone: Welcome back to another price action structures/pattern educational video. Today I want to discuss the expanding structure that I always see in the market. These structures/patterns are a bit more advanced, as they are not so clear on whether it's a continuation or a reversal correction. Lets dig into some typical forms that I always see in the market, and discuss the possible opportunities we can get from them. Expanding structure can come in all sorts of sizes and shapes. They are not the typical channel, flag, pennant/triangle, Head and Shoulder that we usually encounter. The key here is to identify them and observe if we are going to get trend continuations, or trend reversal after the correction finished. Any questions, comments or feedback welcome to let me know below. I will include all other types of price action structures/corrections that I have discussed in the past below, for everyone’s references. Thank you Jojo 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
BITSTAMP:BTCUSDEducation
by jojofang0901
41
AUDCAD Look for continuation correction here Hello everyone: Paying attention to AUDCAD's price action for further bearish move to the downside. Price finally broke out of the HTF rising wedge, and a sharp bearish impulse to push the price down. The latest price is forming yet another bearish continuation correction wedge, and it can give us further selling opportunities once correction is over. BE patient and wait for confirmed breakout form the correction to give us the entry down the the next lows. thank you
Short
by jojofang0901
18
AUDUSD – SHORT (LONG THERM TRADE) ENTRY PRICE - 0.78000The Bearish Wolfe Wave Pattern has been completed. Last impulse to the North has been exhausted. A strong South impulse has been appeared. It’s time to sell this pair as the long term trade! AUDUSD – SHORT (LONG THERM TRADE) ENTRY PRICE - 0.78000 SL - 0.81850 TP1 - 0.71600 TP2- 0.65900 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
Weekly Trading Recap: GOLD, AUDCAD, EURNZD March 13th 2021Hello everyone: Welcome back to this week’s trading recap video. I took 3 trades this week, and 2 are still running profits. Let's take a look at them and see my approach on entry, SL, TP and management. GOLD - Took BE Full analysis/forecast: AUDCAD - Currently running about 2:1 profit. Full analysis/forecast: EURNZD - Currently running about 1:1 profit. 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 markets. :) Thank you Jojo
OANDA:XAUUSD
by jojofang0901
18
USDJPY Detail Outlook Hi traders: I wanted to share my thoughts on USDJPY's current price action. We did indeed see a strong breakout from the descending channel structure, and price impulsively push up to the top. This is all align with my analysis for long term bullish outlook. The latest price is looking like it will forming further LTF bullish correction to move the price higher. However, based on experiences and backtesting, since the price is getting close to the top of the HTF structure now, its best for our risk management to wait and see if price can break above the HTF structure completely. Then, we can look for LTF continuation correction to get in the on the long term buy. Patient is key :) Thank you
by jojofang0901
32
GBPNZD Sell form the top, again Hello everyone: GBPNZD is once again at the top of its HTF continuation structure, and there is good price action forming to give us another sell opportunity. We see from the previous sell setup that price failed to break out the HTF channel, and made another move up. This is simply an indication the HTF structure isn't finishing correcting at that time, and we likely to get another move up before the reversal. Latest price shows us a price moves up to the top and form a double tops, "M" style reversal structure forming. Wait for price to breakout of the LTF ascending channel, and look for continuation correction to sell. Thank you
Short
by jojofang0901
27
OIL Look for bearish price action to sell Hello traders: OIL is also on my watchlist for potential sell opportunity. We can see price has been moving up pretty impulsively from the bottom, and continue to push up. What we see from the latest price action is after a bullish impulse up, price did not form further bullish continuations. Instead, it begin to form a more corrective price action, hinting a potential reversal may come in. We see the latest price had a false breakout on the HTF double tops area, and quickly had a bearish reversal impulse right back down I would still wait for bearish continuation correction to form on the lower time frame and completes before getting in on the sell. Thank you
TVC:USOILShort
by jojofang0901
58
AUDUSD Look for bearish continuation Hello traders: Paying close attention to AUDUSD for the sell setups. We see price has reached to the top of the HTF wedge structure, and a strong reversal impulse to push the price down. Naturally after a strong impulse phrase, the market will be correcting, and we are seeing exactly that. I would wait for this LTF correction to complete, and look for the sell entry down to the previous lows as a first TP, then look for further bearish price action to sell. Thank you
Short
by jojofang0901
46
NZDCHF Watch for Reversal Bearish Price Action Hello everyone: NZD pairs across the boards can have the bearish reversal, and NZDCHF certainly is looking very clean for further downside. We see price managed to break above the pervious swing highs on the higher time frame, but quick reverse down with a bearish impulsive on the LTF. This is indicating a false breakout, and strong bearish momentum is coming into the market. Latest price is showing us a LTF continuation flag/channel structure, very good indication for further downside opportunities. Look for correction to complete and get in on the sell Thank you
Short
by jojofang0901
47