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Impulse

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
GOLD don't miss this buy from the bottom Hi traders: I have been talking about GOLD for quite sometimes now in my live streams market updates. We finally see price move down to the bottom of the HTF flag/channel structure in a corrective price action. This descending channel/fallen wedge could be the first sign of the lower time frame reversal price action. Latest price showed a breakout form that fallen wedge, so I would wait for clear LTF continuation correction to form and complete and get in the on the buy. Thank you
OANDA:XAUUSDLong
by jojofang0901
66
DOGE Get Ready for the next bullish run Hi everyone: Keeping close watch on DOGEUSD for the next bullish price action to buy. We see price had a strong bullish push up, follow by a deep correction. As we can see price isn't moving up and down too much, good indications that its in a corrective phrase for the previous bull momentum. Latest price showed a lower time frame breakout follow by small continuation out of the large structure, good for further bullish potential. Wait for another LTF correction to form and complete for the buy Thank you
BITTREX:DOGEUSDLong
by jojofang0901
32