Hello everyone: Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them. My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups. All of them are pretty much sitting at the top of the overall higher time frame...
Dow has been the strongest index, has the cleanest support, and showing the best crystallized formations (imo). Since I started making this price has been climbing, and if I would have taken the trade I would have been looking at profits nearly the whole ride up to this point. Markets were getting slaughtered this morning, so it was a good time to be selling....
Price was rejected by the top of the range. Now going short, targeting 70s. Enter with a tight sl, shown on chart.
GOLD - XAUUSD - Bulls are gaining control....! A short explanation for gold today... Pattern: Broken out of wedge, the pull back will be key to show if the trade is fully confirmed - how do you know the trade is confirmed? It really depends on your own trade plan! Enjoy! Trade Journal
Hello traders: Watching closely on TESLA now for another bullish move to the upside. We can see price has already show us some strong bullish reversal with an inverse Head and Shoulder pattern. Price on the LTF had a bullish impulse up, break above previous highs, and is now forming continuation correction. As always wait for correction to complete and look...
If history repeats itself... I believe we will see a fast drop maybe to about 176 euro with a bounce back to about 370/400 After this we will have some time of side way movement, which will result in a rise to the next level? Lets see...
STRONG RESISTENCE POINT !!!! SELLLLLL NOW RESISTENCE PUSHES PRICE DOWN OPEN FOR OPINIONS ALWAYS GOOD OR NEGATIVE FOLLOW FOR MORE
NZDJPY rejected the upper purple war zone and traded lower. However, NZDJPY is still overall bullish trading inside the blue channel, so we will be looking for Trend-Following Buy Setups. As per my trading style/plan; Here are the two strong zones where I will be looking for high probability buy setups: I call them War Zones, (highlighted in Purple...
Hello traders: Also on my watchlist is AUDUSD which has good bearish price action in the making. From the HTF rising wedge, price broke out follow by continuation correction. Then the latest price formed a deeper pullback, but a Head and Shoulder pattern was formed within the flag/channel correction. Good indication we can get another bearish run. Similar...
Hi traders: EURUSD is now forming an expanding structure that can lead into the next bearish impulse phase. We see price has already broken out of the HTF correction, and has strong LTF impulse breakout. The latest price action shows an expanding type of correction, and within in a LTF ascending channel, correcting the price up. I would be patient here and...
Hello traders: Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook. There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management. Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and...
Hi everyone: Ripple has completed its correctional phase, and is shaping up for another buy opportunity. We can see price formed a larger continuation correction after a strong impulse phrase to the upside. An Inverse Head and Shoulder pattern formed, and a confirmation breakout from the larger structure. I would pay close attention now for this right...
The different levels possible on the SOL in May
Hello everyone: Doing a quick bearish outlook on oil. I like the price had a strong reversal bearish price action from the top of the HTF double tops area, and could lead into further continuation on the LTF I will be patiently waiting for price to develop into the price action I want to see before executing any trades. Thank you Jojo
Hello traders: Looking at EURGBP's price action for the buy opportunities. We can see price had a HTF descending channel, correcting the price. WE further see a smaller LTF decending channel and a strong bullihs impulse breaking up. This is a good indication we are going to see the next bullish run on the HTF. Price broke out now, so best to wait for LTF...
Hello traders: GBPs lately have been bearish across the board, and certainly is looking so on GBPCHF. We can see price action formed an ascending channel/wedge structure, correcting the price to the previous swing high. This is a good indication the bullish momentum is exhausted, and we can expect a reversal price action. We then see a sharp bearish...
Hello everyone: Looking at AUDCAD for continuation sell opportunities. WE can see price had a bearish impulse phrase on the HTF, after breaking out from the rising wedge, and is now forming consolidation which can lead into the next down move. I would be waiting for a confirmed breakout from the continuation correction, and any LTF correction to get in on the...