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USDJPY More Downside Potential, Wait For Sell Setup USDJPY has been pushing down since it hits the previous highs to form a double top. With a ascending channel correction, price indeed reversed down impulsively, and form continuation correction along the way. Bow that we have push down more, and another consolidation has formed, usually give us a indication of more downside opportunity. Wait for current correction to complete to push the price down even more to previous lows.
Short
by jojofang0901
8
EURJPY Bearish Price Action, Watch For Sell Here on EURJPY mid time frame, we can see the price has clearly impulse out of the MTF corrective structure. With a strong bearish impulse phase, we know price will need to correct in order to continue lower. In the last 2 days price has slowly been consolidating in the latest development, good sign for further downside if correction completes. Wait for lower time frame bearish price action to confirm more downside potential.
Short
by jojofang0901
6
Swing setup reversal for SP500**Not financial or trade advice, this is not a signal service** Anticipating to see lower prices on SP500. The trade idea has 3 individual targets - T1 will be used to remove risk on trade (BE) and take partials, T2 to take partials and let the rest run, T3 for full close. Reasoning: Change of structure to the downside; Resting liquidity below current price; Overextension of current trend; HTF DXY liquidity above current price; Will update the trade idea at the end.
UShort
by rafblz
1
CADJPY I Intraday short 40-60 pips 🚀Welcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
12
Bitcoin on the daily pt.4We have a pivotal moment For BTC, we had a change of character (CHoCH) as well as a break below the diagonal supporting trendline in favour of the bears. With a new Lower Low below the 1D 200EMA needing a reaction off the oversold RSI to stop its decent towards the final target I initially had planned and has shown since the first post on this. A strong reaction brings us back up to the underside of that previous support and now testing resistance. BTC needs to accept over 24k in order to regain any short term hope of bullish continuation. If not, I fear we're setting up to go lower.
INDEX:BTCUSDShort
by ProR35
2
USDCAD Bullish Price Action, Wait For Buys Hello traders: Looking at USDCAD here on the higher time frame, I cant help but point out the bullish price action in nature. The overall structure looks clean from the bullish move up, and a larger correction, with multiple swing highs and lows, forming the correctional structure you see right now. From last year, during September 2022, we see a strong bullish impulse phase on the mid time frame, validates my forecast from the beginning of the year. After the impulse phase, we can see a consolidation begin to form, and price is correcting for the next possible continuation up move. What we can wait for is on the lower time frame development to confirm the next up move. I would wait for some clean bullish continuation correction to form and complete, before consider entry. Thank you
Long
by jojofang0901
8
GBPJPY More Downside, Watch For Sell On GBPJPY, we can expect more bearish price action to confirm the downside. What I like about the price action is we have ascending channel reversal, within the larger correction that is correcting the previous bearish impulse phase. We can see price has already started ts bearish move from the top of structure, and has already formed a continuation correction to break out of the ascending channel. Expecting more downside, wait for more bearish continuation corrections on the lower time frame to confirm more drop.
Short
by jojofang0901
3
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by Samuel124