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SPX500 Look For More Bearish Move Down Hello traders: Similar like NASDAQ bearish outlook that I shared, we can also see SPX is showing good signs of bearish continuation down move. from the HTF ascending structure, price had a clear impulse move down from it. Naturally price will correct and form into consolidation if the bearish momentum is still there. We then see an expanding structure has formed, together with a double tops, and price indeed reversed down from it. Now, the latest development has shown a consolidation within the larger expanding structure, this can possibly lead to another down move once the consolidation finishes. Thank you
OANDA:SPX500USDShort
by jojofang0901
23
USDCAD Continued Higher, More Chance To Buy ? Hello everyone: Nice to see USDCAD has play out perfectly on the higher time frame and lower time frame to continue its bullish price action. Starting from the higher time frame, We can see price has formed a larger continuation flag structure, with a clean double bottoms, and price indeed pushed higher. On the lower time frame now, we also see an impulse phase follow by a continuation correction, with a lower time frame double bottoms the impulse the price up. Now that we see price is at the top of the continuation structure, it be good idea to wait and see if the price can form another lower time frame correction here, to confirm more upside potential. Wait for the confirmation of a bullish continuation correction on the lower time frame, and look for more buying opportunities to the next highs. Thank you
Long
by jojofang0901
5
USDCAD Bottom Of Structure, Watch for reversal Hello traders: Looking at USDCAD and its current price action for the possible bullish move up. On the higher time frame, we can see a clear impulse phase up, and a larger, parallel channel like correction that has been going on for many years. Price is right back to a double bottoms, and there is a lower time frame bullish reversal impulse. Now lets take a look at the lower time frames, we see a similar correctional structure after the bullish impulse up. These are good signs of multi-time frames that have the same direction and bias, can further strength our outlook and overview view. Now that on the LTFs, we see a small, double bottoms, and a descending channel. Price has indeed reverse up from the descending channel correction. To confirm more upside, wait for another LTF continuation correction to form, to validate the next up move. Thank you
Long
by jojofang0901
30
EURCAD Bottom of Reversal Structure, Watch for buy Hi traders: EURCAD could be shaping up for the buy that we have been patiently waiting for. We can see a larger, higher time frame descending structure, correcting the price. Within the correction, many extra confluences to give us a multi-time frame analysis. We see a falling wedge, price formed a lower time frame descending channel, and there is a strong impulse up. To confirm more upside potential, wait for continuation correction to form within the wedge for a high Risk: Reward entry, or wait for price to impulse out of the wedge, and look for same bullish continuation correction for a safer entry. Thank you
Long
by jojofang0901
31
EURGBP Ready For More Up Side ? Hello traders: Also eyeing EURGBP for the bullish reversal price action. We can see from the higher time frame, after the big impulse phase up, price falls into an expanding structure, correcting the price. We then see a large, descending channel, move the price down correctively to a double bottoms, and bottom of expanding structure. Latest development shows a strong bullish impulse phase from the lower time frame, good signs of bullish momentum To confirm more upside, price needs to consolidate and form into continuation correction before giving us the confirmation to enter for more upside. Thank you
Long
by jojofang0901
41
DXY 4 Hour - Decision PointWe've been tracking the DXY for a while now as it's rallied up into 2017 highs only to hold a structure followed by a break below, close below. This price action pattern allows me to make a bearish prediction with my personal tactic of entry being to wait for a pullback into previous structure resistance. Our pullback has occurred & is currently looking to once again retest the highs of previous resistance which puts us at an interesting "decision point" IF price can hold resistance again then it would be a positive sign for our short idea. HOWEVER, if price were to violate the highs, then we would be right back in bullish continuation mode with the next stopping point on my radar being 106.40's. As always, if you have any questions or comments on this idea, feel free to leave them in the comment section below as I do read through each and every one of them. Have a great rest of the week in the markets & an awesome weekend! Akil
TVC:DXY
by Akil_Stokes
NZDCAD Bottom of price action, watch for buy again Hello traders NZDCAD once again has hit the previous lows and start to form bullish reversal price action. From the previous forecast/analysis, price had the impulse up but did not break above the descending structure to continue. All that mean was price wasnt ready for the upside yet as we are still in the larger descending structure. But now price has made its way back to the bottom, and hitting the bottom of structure, potential double bottoms. Latest lower time frame did form reversal price action, so be good idea to wait for bullish continuation correction to form and complete, in order to confirm the bullish upside. Thank you
Long
by jojofang0901
8
NZDUSD Bottom of structure, reversal coming Hello traders: Lets take a look at NZDUSD, and how its latest development can give us great bullish opportunity. After a strong bullish impulse up, price falls into this larger, higher time frame descending structure, correcting the price. We can see the latest development has hit a previous lows, possible double bottoms. The lower time frame did have a strong impulse move up after, good idea to look for bullish continuation corrections to confirm more upside from the price. Thank you
Long
by jojofang0901
9
Weekly Trade Recap: NZDJPY, CADJPY, GBPAUD 04-30-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 24th- April 29th. NZDJPY: 2 positions out for +4.2:1 RR Profit Full analysis/forecast: CADJPY: -1% loss Full analysis/forecast: GBPAUD: -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
by jojofang0901
18
FTSE100 Bearish Incoming, watch for sell hello traders: Lets take a look at UK100 and its current price action development. From the higher time frames (HTF), we can see that price is currently in the a larger, ascending structure correction, consolidated for quite some times now. We did see price pushed down during the early march, and now price is back to the top where the previous highs and potential top of the structure and area. Now on the lower time frame (LTF), we can see more possible bearish development, potential double tops, smaller, ascending channel, correcting the price up to the top. Either look for price to commit down with a bearish impulse, and look for continuations after to confirm. Or a possible short term up move, to the top of structure, and if there is bearish reversal price action, it can also confirmed the downside move. Thank you
OANDA:UK100GBPShort
by jojofang0901
28
GOLD Short Term Interesting Development Hello traders: I have been patiently waiting for price action on GOLD to develop into something I would like this see and capitalize on. On the higher time frame, we can see a double tops and price reverse down from the all time highs. Throughout previous few weeks, I have been discussing the possibility of price move back to the previous high to possibly form into a continuation correction. Now, it seems price has indeed done that, moved up correctively within the ascending channel, top of the current structure. The last thing we need to wait for, is whether price can commit to the downside, and formed further bearish continuation correction to valid this forecast/setup. If price does not push down, and instead push higher and formed bullish continuations, then it will invalid this forecast, and no entry, no trade. Thank you
OANDA:XAUUSDShort
by jojofang0901
30
AUDUSD More Continuation Downside Hello traders: We can see AUDUSD has been pushing down since the beginning of April, and there could be more opportunity to sell. After the initial bearish impulse phase down, price naturally formed into a correctional phase. With a few swing highs and lows, price created an expanding structure, as well as a double tops. The latest development indeed shown us a strong bearish reversal impulse from the top of the structure, and has confirmed broke below the ascending structure within. Now we just need to wait for continuation correction on the lower time frame to confirm further downside move. Thank you
Short
by jojofang0901
18
CADJPY Reversal Incoming, Watch For Sell Setups Hello traders: Look like most of the JPY pairs could be starting the bearish price action we have been patiently waiting for. Price is currently hitting a higher time frame double tops area, and correctively develop an ascending channel. Within, we can see price also created a smaller ascending channel, and price reversed down impulsively, good signs of bearish price action. Now that price is sitting at the bottom of the ascending channel, good to wait for another impulse out, follow by continuation correction to look for sell down to previous lows. thank you
Short
by jojofang0901
22
CHFJPY Bull Exhausted, Watch For Reversal Hello traders: Similar like NZDJPY and CADJPY, we can also see CHFJPY is showing signs of bearish reversal price action. After the previous move up, price is at the top of the previous high on the higher time frame. We can see the price is slowing down its bull momentum, and a corrective ascending channel has formed. Latest development show a bearish move down, out of ascending channel, good signs of possible further down Good idea to wait for the right shoulder of a Head and Shoulder pattern, to confirm a bearish continuation price action to go down more to the previous lows. thank you
Short
by jojofang0901
36
GBPAUD Watch for more downside Hi traders: Also on my watchlist is GBPAUD, for more downside momentum. From the top, we can see price clearly have a strong bearish impulse phase, and formed continuation correction to push the price lower. The latest development shows us another impulse phase, and follow by an ascending channel correction. Now that price has broken out of the ascending channel, good to wait for continuation correction to confirm the next down move to the lows. Thank you
Short
by jojofang0901
51
EURNZD Continuation Sell Hello everyone: EURNZD is back on my watchlist as we have now forming into a possible bearish continuation correction for more downside. We can see from the top of the expanding structure, strong bearish impulse down, and price begin to consolidate. With a few swing highs and lows, double tops, ascending channel within this latest correction, indicating more possible downside move. Wait for price to confirm impulse down, follow by continuation correction to confirm the setup. Thank you
Short
by jojofang0901
21
EURNZD More Downside, Watch for Bearish Development Hello traders: EURNZD has managed to drop impulsively the last few weeks. We can see from the top of the expanding structure, with a double top, ascending channel reversal, price indeed impulse down aggressively like my previous forecast. Now that price has reach the bottom of the higher time frame structure, a sharped pullback/consolidation has formed. This may be enough to continue the price down to the next lows, or price may move up once more correctively to form a bigger bearish continuation correction, and then continue down after. Be on the look out for both possible scenarios. Thank you P.S. I am taking a small break/vacation til next mid week :)
Short
by jojofang0901
6
Return of the DOGE ? Hello everyone: I haven't take a look at DOGE for a while and someone point out to me to have a look. On the HTF, we can clearly see many bullish impulse phases up follow by continuation corrections. Very possible that once the continuation correction finishes, there is possibility of another up move just as what we have seen before many times over. In the latest development here on the lower time frames, price formed a descending channel reversals within the bullish flag, and there is lower time frame impulse phase up. Now the price is at the top of the HTF structure, it be nice to wait and see if a continuation correction will form here, that would be the confirmation to look for buys again on DOGE to the next highs. Thank you
BITTREX:DOGEUSDLong
by jojofang0901
12