KNC 3rd try at this - ascending triangle breakout confirmedKNC 3rd try at this - ascending triangle breakout confirmed
Patterns
CADJPY Look for continuation after breakout Hello traders:
We see CADJPY had a strong bearish move from the top of the structure.
Now the price action is approaching the bottom of the channel structure, and forming a correction.
I expect once the correction is finished, we can see a break out from that correction, and also breaking out the higher time frame structure.
Last confluence I will look for will be smaller correctional structure once we broke out to confirm further downside momentum
Thank you
NZDCAD [SHORT] Triangle TradeMarket moving slowly, looking for a close below the orange line, stop loss at the red and take profit on green, it may retest the triangle after breakout.
USDCAD Expecting this short term bull move up Hello everyone:
As my bias on USD strength, so do I see opportunity here on USDCAD.
We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.
The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.
I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries.
Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top.
Thank you
NZDUSD look for this breakout confirmationHello traders:
As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities.
Here in NZDUSD, higher time frame we are in this ascending channel structure, pushing the price up correctively.
Last bit of price action see a recent double tops, then a bearish move on the lower time frame.
I like the structure the price is creating, but I like to see a full breakout from this ascending channel, then follow by a continuation correction to take it short.
Thank you
NAS100USD Look for bearish sell from this correctionHello everyone:
Looking at NASDAQ for bearish short term sell opportunities.
We see price is in this larger channel structure, pushing up the price since Covid.
What I like about the corrective price action move, pairing with the recent movement of a double top.
Price did broke down and forming a continuation structure. I would be looking for sell entries when we see a strong bearish breakout.
Thank you
AUDJPY Bearish outlookHi traders:
From my weekly outlook and daily update analysis, I have been paying attention to AUDJPY and otjer JPY pairs as well.
WE do see a double top rejection, and we see price break above the channel structure, but quickly retrace back down.
What is key to me is the structures that will be forming here on the lower time frame, are we getting a continuation correction to confirm this bearish run, and we can expect price to move down to bottom of the channel.
I will then re-evaluate the price action then, to see if there is more continuation correction to take the price down further.
Thank you
XRPBTC Look for bullish continuation to the upsideHi traders:
Here on XRPBTC, I see a potential breakout from this correction structure.
We see price formed a decending channel, then a bull impulse up.
I like like the continuation correction forming here, expecting price to break above.
Like I always do in my analysis, I am waiting for confirmation in the price action.
Once I see a confirmed breakout, I will wait for lower time frame correction to take it up.
Thank you
CADJPY Correction Completion, Look for sell nowHello everyone:
Similar like other JPY pairs, I have been talking about CADJPY for weeks now.
The overall structure is complete in my opinion, and we can expect to get the next bearish impulse down to the bottom of the structure.
We see the last bit of price action, forming a ascending channel, breaking above the higher time frame structure, but in a corrective way.
Then a bearish impulse on the lower time frame, breaking out of the channel, can indicate the beginning of the next bearish run.
I would wait for lower time frame continuation correction to develop and add in the sell.
thank you
NZDJPY Same bearish moveHello everyone:
Similar outlook and analysis here on NZDJPY.
We see the same price action played out over and over again.
Recent double tops, price is moving up towards the area correctively and in a ascending channel structure as well.
We confirmed that with a bearish impulsive move from the top, now naturally I would go look for continuations for the sell.
Wait for some lower time frame correction to develop and look for the sell entries down.
Thank you
ETHUSD look for the next buy moveHi everyone:
ETHUSD is looking good now for the buy move to the top of the structure.
From my forecast and analysis from 2 weeks ago, I mentioned I would like to see a completion of the correction structure to push price up.
We do see a confirm break out from that structure, which is a good confirmation for a bullish momentum.
All I want to see now is lower time frame correction to develop and take the price up.
Thank you
BTCUSD look for short term buy opportunitie from this correctionHi everyone:
Looking at BTCUSD for potential buy opportunities to the recent tops.
We see the overall price is in this correction channel structure on the higher time frame.
The recent price action had a continuation correction and price manages to break above it. A potential inverse Head and Shoulder pattern as well.
I am waiting to see if price will develop a smaller continuation correction in the lower time frame for confirmation for a short term bullish move up.
Thank you
NZDCAD Still look for downside moveHi everyone:
NZDCAD from my previous weeks analysis had price push down from a continuaton correction, but did not carry the bearish momentum downwards.
Instead we see price begin to push up, and create this current structure, still a correctional pattern that can still confirm my higher time frame bias for the short.
I do like to see a small correction now on the lower time frame for clarify, and look for the same sell down to the recent lows.
Thank you
XRPUSD Can we get this bullish confirmation out of the structureHi everyone:
Looking at XRPUSD for bullish up move.
When we zoom out to the higher time frame, we see a strong bullish impulse after a sharp move from Covid.
What we now is a confirmed larger continuation structure, and price manages to break out of it.
I am patiently waiting to see what the price will do here to form a continuation correction to take it up to the recent tops, or a strong bull move to break out.
Thank you
EURUSD I am still looking for the sell setupsHello traders:
Even tho EURUSD had a strong bullish run since yesterday, I am still having a short bias on it.
My reasoning behind the sell is that structurely we are still valid for a short move to the downside.
From my previous analysis, price did not manage to break down from that structure, but did manage to move up more.
However, structure is ever evolving and I see the extending structure on the price action.
What I want to see before consider a sell would be a confirmation bearish impulse move, followed by continuation correction in the lower time frame.
Still looking very promising for a good Risk:reward trade down.
Thank you
CADJPY Last bit of structure completion? Hello everyone:
I am still keeping an eye on CADJPY for the sell.
When we look at the overall structure, we still seeing a larger continuation correction.
Last bit price action is correctively going up to the top of this channel like structure, could see bearish opportunities.
I see either price goes up one more to create a recent double tops, or breakout for this current correction.
Look for strong impulsive move out of the correction for the sell down to the lows of the larger structure and see what the price will do then.
Thank you
EURJPY completion of continuation structure? Hi everyone:
Similar like CADJPY, I do like the overall structure on EURJPY as well.
The larger higher time frame continuation structure is still valid in my plan, as last bit of price action is very corrective going up towards the top of the structure.
When I see this sell breakout happening on the lower time frame, I do like to see more confirmation from the market to create continuation correction down.
I would look to scale into the short, and look for more sell entries down to the lows and re-evaluate the price action then .
Thank you
