Hi traders: USDJPY is also developing into some bearish price action on the lower time frames, and we could potentially look for short term sell entries. We can see from the higher time frames that price had a false breakout of the larger channel, then a strong reversal impulse down from the top. After a sharp move, naturally price needs to form correction...
Gonna be watching INTC closely tomorrow for a Day Trade.
Following the FOMC, US stocks went agressively down with the Gold and the EUR. However, a recovery is always expected on the S&P500 as it is on any index fund such as the russel2000 which also has seen a big downward movement. Technically, a second rejection can be expected on the strong round 4200 support forming a double bottom pattern adding more confirmation...
Hi traders: OIL is also looking very clean and could give us some short selling opportunities very soon. WE can see that price has manage to form another higher time frame parallel channel structure, continue to correct itself within. Latest price once again is forming another reversal structure, ascending channel to push up. Price can certainly continue to...
Hi everyone: Most of the JPY pairs are on my watch list, and CHFJPY from the higher time frame is looking the best among the JPY pairs. We can see there is a strong bearish impulse phrase from the price, and the consolidation begins. A parallel channel correction, that could lead to the next bearish impulse from the price when it finishes correcting. Latest...
This a crear example of support and resistance. Keep this in mind: The STOCHASTIC being oversold with a little movement downside of candlesticks. We might start see BTC running with a better efficiency on mining news can be a great reaction. Please don’t forget to support with a like and comment. Also don’t forget to follow me for great set ups and patterns...
It’s getting multiple supports from different angles. Hello hello Everyone. As you might see the stochastic is oversold. The setup pattern is forming is also looking great support. Don’t forget to show some love and support by liking and commenting. Remember to follow for more setups and pattern with great Reward over risk doing money management. Thank you
Seems as though the rising wedge pattern is already starting to play out...
Hi everyone: Did a quick breakdown and outlook on the 3 main US indices. My bias here on them is a potential bearish run on them, so I will be patiently waiting for the right price action to develop. If price continue to move up or doesn't form any bearish price action, then no entry and move on :) NASDAQ - SPX - DOW (US30) - All of them will need to...
Hi everyone: Quick breakdown on USDCAD. Looks to me price finally is giving us more confirmation, and this upcoming week we could potentially see some bullish opportunities. I briefly explained the higher time frame and lower time frame bullish bias and confluences, and gave a quick forecast on how I plan to enter if the right price action develops. Any...
Hello everyone: Finally we are seeing some confirmation from the USD strength, and I have been patiently waiting for the right price action to develop. Here on EURUSD, we are seeing a nice double tops from the price as it correct itself in the ascending channel reversal. We see a Head and Shoulder developed, and strong bearish breakout from the...
Hello traders: Some of the US Indices could shape up for some short term sell entries on the lower time frame. We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate. This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in. Currently price is at...
ADA/BUSD This is the yearly chart with 4h candles. Very quickly I noticed a few significant pumps followed by a descending curve. Even the latest big correction we had has followed this pattern to a certain degree. Basically, the price pumps around 40% on average and then starts slowly falling again. I noticed that all of those curves have three significant lows...
Hi traders: Most of the crypto are in its corrective phase, and I wanted to wait for further development on them. Whereas for MATIC, it actually has a clean bullish price action that could give us some buy opportunities. We can see from my previous analysis and trade that I entered, price indeed pushed up very impulsively. However, it was follow by the...
Hello traders: Most of USD pairs are due for some strength, and looking at USDCAD's price action here certainly can lead into some opportunities. We can see there is a higher time frame descending channel correction, pushed the price down to a double bottoms. Once the price reaches around this area, we begin to see an expanding kind of correction. As we know...
Hi traders: Closely watching some JPY pairs as always, and EURJPY and CHFJPY are looking good for potential bearish reversal. We can see price continue to correct to the upside, but not in a impulsive price action, rather very correctively moving itself up. We can see price just broke the higher time frame double tops, and a smaller, LTF ascending channel has...
Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week. I will explain my approach on the entry, SL, TP and management. CHFJPY: Running Position Full analysis/forecast: AUDCAD: Running Position Full analysis/forecast: GBPAUD: +0.51% profit Full analysis/forecast: Any questions,...