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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
Short
by jojofang0901
4
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
Short
by jojofang0901
GOLD Look for the sell out of correctional structuresHello everyone: Still seeing XAUUSD a great sell opportunity to the downside. We see the overall price action is in this ascending channel formation, and price is still correctively moving up in the channel. Last bit of price action indicates a potential recent double tops, lower frame ascending channel within the structure. I would like to see price break below the lower and higher time frame ascending channels, follow by small correction to enter for the sell. Thank you
OANDA:XAUUSDShort
by jojofang0901
NZDCHF Structure doesnt change, still look for the next downHi traders: NZDCHF structurally is still bearish on the higher time frame. We did see a confirmation structure and price dropped down from my previous analysis. However it did not hit the bottom of the structure, then retrace back up. Whats important is that the larger continuation structure is still valid, price managed to move up to form a recent double tops, then drop down. Last bit if price action I do see a continuation correction, an ascending channel structure. Look for sell to continue downside to the lows of the larger structure. Thank you
Short
by jojofang0901
Not a Big Fan: $1.78 Target (Curve is Steep w/ ADR)GNUS is one of those stocks that I didn't like from the beginning given the overly speculative investing and what seems to be somewhat of a pump activity going on. Regardless, funds have been overly bullish on this over and over, not paying attention to key patterns. Right now, I expect a continuation of the bearishness, and this should even go down at least to $1.78. At that point maybe some hope the price starts being neutral. As always, everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. This isn't meant to be taken as actionable financial advice.
GShort
by gamer456148
AUDUSD can we get a confirmation sell ?Hi everyone: Looking at AUDUSD for sell setups from the top. We see on the higher time frame, price hit a double top and then had a sell move down. Price action begin to form a channel structure, correcting itself up once more, potentially hitting the top to form a triple tops. What I like about the last bit of price action is the structures that is forming. I would be looking for sell setups from the structure if we get continuation corrections on the lower time frame. Thank you
Short
by jojofang0901
EURCAD dont miss this sell opportunityHi traders: EURCAD is shaping out very nicely for a potential sell opportunity from the top of the structure. We see a double top rejection, price is on this larger channel structure move up towards it. Price action had a sharp move don from that double top, but quickly move back up. What I like about the last bit of price action is that is it moving back up correctively, potentially forming that 3rd tops. I like to see a confirmation breakout, then look for lower time frame correction to enter. Thank you
Short
by jojofang0901
2
AUDCAD Look for this sell breakoutHello everyone: AUDCAD is showing some nice price action structures that can lead to some short term downside move. We saw the price action had a potential continuation correction after a strong bull move. However, price did not impulsively move up, rather it formed another corrective structure moving up gradually. The last bit of price action formed an ascending channel structure, and within that a another smaller channel in the making. I would like to see a breakout from the smaller channel, and impulsively move out of the bigger structure to confirm the downside. thank you
Short
by jojofang0901
DXY Can we expect USD strength coming in ?Hello everyone: Beginning of July I was looking at DXY for bearish move down to the recent lows. We have now see a double bottom on the most recent price action, potentially seeing a reversal opportunities. Down to the lower time frame, I see a potential bullish move in the making. Price is forming continuation correction, heading up to the descending channel structure. I would like to see a strong breakout of the channel then looking for lower time frame correction to enter for the buy. Thank you
TVC:DXYLong
by jojofang0901
BCHUSD expect this bull move when structure completesHi traders: Looking at BCHUSD for mid/long term outlook. We see price is in this overall larger expanding structure, and had a double bottom rejection at the bottom of structure. We then see a quick bull move up, and form correctional pattern here. I do like the higher time frame and intro day chart's price action, just waiting for the correction to complete. Looking to buy from the bottom of the current price structure, or wait for breakout follow by continuations. Thank you
BITSTAMP:BCHUSDLong
by jojofang0901
2
EURUSD one more piece of confirmation before the sellHello traders: My last EURUSD analysis was forecasting the price to go up pass the recent double tops impulsively to confirm a potential up move. However I am seeing the recent price action and structure are developing more into a correctional piece. We see price correctively move up toward the recent double tops by forming a rising wedge structure, and hitting the top of the channel structure as well. What I would like to see now is a lower time frame continuation structure to develop once price breaks out from here, and wait for confirmed correction and enter the sell. Thank you
Short
by jojofang0901
8
EURJPY I am still looking for the sell from top of stuctureHi everyone: EURJPY stll is on my watch list for a potential sell. The recent price action had a really strong bullish move up from previous continuation correction. The larger continuation correction on the high time frame is developping further, and we see price continues to go up towards the top of the channel structure, hitting a recent double tops. The potential correction the price is forming is an ascending channel type of structure, so I would like to wait for this correction to finished and break below. Looking for the lower time frame continuation correction after the breakout will be my entry to go short down to the lows. Thank you
Short
by jojofang0901
7
GBPNZD Looking for short term upside Hi traders: I am looking at GBPNZD for some potential short term upside. We see price on the higher time frame had a strong move to the downside, getting close to the bottom of the channel strucutre. Price did correctively move down in a fallen wedge structure, adding confluence to the short buy. Last bit of price action had an Inverse Head and Shoulder pattern, then price broke out of this smaller correction. Looking to target the recent tops, beginning of the wedge structure. Once price hits that area then I will reevaluate. Thank you
Long
by jojofang0901
OIL Short term sell plan Hi everyone West Texas Oil is looking good for a short term sell setup. When we zoom out to look at the overall price and structure, we see a massive bull move to the upside after recovering from the oil dropped since mid February. What I expect price to do is to form a larger correction before another bull run continues. Currently we see the price forming this large structure, hitting a recent double tops. Whats important is price correctively move up to the top of this structure, indicating a short term bearish move can happen before the continuation of the long term buy. I will wait for a clear dropped from lower time frame and a continuation correction to add into the sell. if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
OANDA:WTICOUSDShort
by jojofang0901
ROKU's Next Level Target: $175 by End of AugustLots of indicators are going crazy with this one, and I seen the past wedges. Many people are also extra bullish given Netflix sentiment. I think realistically, Roku is expected to be on the positive trend level and that $175 by the end of August is a really sustainable and conservative goal. It may be quite high in the green today, but I think the party is just getting started for Roku. That being said, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis.
NASDAQ:ROKULong
by gamer456148
2
COCA COLA I am looking for buysHi traders: KO is looking very good for mid/long term buy. We see the price had a massive dropped from Covid, and strong bullish impulse up, forming a larger correction. When we dropped down to lower time frame, we see a potential rejection off the bottom of the structure, and forming a continuation correction. I will wait for confirmation of a completion of the structure, and look for buy setups. Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
NYSE:KOLong
by jojofang0901
2
Current topping patterns on the S&P 500 (Not much upside left?)The 2 hour chart above shows two key shorter-term patterns on the S&P 500 I've been watching. They are also visible on most other time frames up to the daily chart. The first pattern is the Island Reversal that has held as the top of this (bear?) rally so far. Despite all the good news surprises, Fed stimulus, and hopes for a "V" shaped recovery, we are still below February highs on the S&P 500, and unable to rally over the Island Reversal from early June. The second pattern is the Megaphone/Broadening Top we've been creating the last few weeks (blue lines). Recent rallies have been getting bigger, but are capped by this pattern and unless the pattern breaks out to the upside there isn't much upside to expect, even on hopeful days like we're seeing today so far. Don't be surprised if we again revisit the bottom of that pattern. And if price level eventually breaks down out the bottom of the pattern it might suggest an upcoming bottom break of the multi-year Megaphone pattern I've been tracking.
SP:SPXShort
by MystryBox
17