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GBPAUD Still Look Fore More Downside Similarly, we can see the strong bearish move on GBPAUD from the top of the ascending structure. From the double tops, smaller ascending channel, price reversed down impulsively like I pointed out from the previous outlook. Now that price has broken out impulsively, there's likelihood of further continuations What we can wait for is price to form a bigger consolidation structure, and continue the downside move to previous lows. Thank you
Short
by jojofang0901
14
GBPNZD Possible Further Drop, Wait for bearish price action Also dropping is GBPNZD as we can see from the top of the structure, double top, reversal price action and indeed the bearish impulse move down. Price is now at the bottom of the higher time frame structure, and is possible to continue downside, if a continuation correction can be formed. Similar across, wait for a bigger correction to form by moving up on the lower time frames to form a bigger correction before another move down to previous lows. Thank you
Short
by jojofang0901
21
GBPAUD Bigger Bearish Correction Can Form, Still look for sell Hello traders: Also possible to develop 2 sell potential setups here on GBPAUD. We can see after the previous bearish impulse down, price begin to form into a continuation correction. We see price is current already impulse out of this current bearish continuation correction, and forming lower time frame consolidation. This is where we can either see price commit to the downside and continue lower down to the next swing lows, or possible to make another short term, corrective move up to the top of the current continuation correction, and evolve into a bigger structure, and still reverse down from the top. Be on the look out for these 2 possible development. Thank you
Short
by jojofang0901
41
GBPJPY Back to the Top, Reversal Bearish Price Action Hello traders: GBPJPY has once again move to the top of the higher time frame structure, and with the lower time frame bearish price action, there could be opportunities for further sells. Here we can see a larger, channel like structure, correcting the price. There was a sharp bullish impulse up to the top of the structure, and initially was looking to have more continuation up. Instead, a sharp bearish reversal impulse down from the smaller ascending channel. Great signs of bearish reversal price action. To confirm the entry, price needs to form bearish continuation correction after impulse down, to validate the reversal price action from the top. HTF: thank you
Short
by jojofang0901
22
GOLD Finally A Clear Bearish Price Action Hello traders: Last few weeks/month many have been asking about GOLD's possible direction and whether to buy and sell. I have been telling everyone to remain patient and wait for the opportunity to arrive. Here now we can see a clear picture of the possible bearish development on GOLD. From the top, we can see a double tops after price failed to break above the all the highs. Instead, a sharp bearish reversal impulse phase down, good signs that the bullish momentum is exhausted. After, price begin to consolidate and correct, even forming a bigger H and S pattern as well. Now it looks like right shoulder, bearish flag continuation is about to finish. Be on the look out for further sell setups, if price can form lower time frames continuations to validate more downside move. Thank you
OANDA:XAUUSDShort
by jojofang0901
21
NZDUSD | Live position review | UpdateStoploss hit with around 30pips profit. Price is currently back into the neckline of the reversal pattern identified in the 1 Hour time frame and we are expecting a trend continuation to the downside should the price goes as planned. Cheers! Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
Where are the Channel Traders? AUDCHFHey Traders, AUDCHF is a very interesting pair. We've broken structure in both directions on the one hour chart. This usually indicates to me that we may start seeing a bit of a range trading opportunity while the market is very conflicted on which way to go. Obviously the Aussie dollar budget was released yesterday which had a large impact on the market. It still can indicate that were a little unsure where to go being the initial budget release witnessed the market taking negative impact from that, but overall I have a bullish sentiment when looking into the Aussie dollar. We're looking at good employment growth. we have good retail sales data (actually better than expected retail sales data). The PSI is looking really good. So there's a lot of different things that are indicating bullish Aussie dollar. So as we sit in this range trading area, you can kind of see we've got strong supply up the top. While it's a large supply area, it is strong supply up the top. On the opposite side of the spectrum, we also have very strong demand down the bottom. You can see it pushed that previous higher high in order to break structure prior to moving into this range trading area. As you can see with the orange box, we have quite a conflicting idea on where the price is going to go. Will we stay inside of this orange box? Will we push up and use the two purple boxes of supply and demand in order to trade sideways? Or am I wrong and are we just going to rip through either one? It's very interesting chart to be looking at and on the long term, as I previously stated, I'm still thinking bullish Aussie dollar. So if anything, I'm going to be looking to buy in these bottom areas of demand to take it to the higher levels. If you guys have any questions or any comments on this, please do let me know below I reply to them as soon as possible and as always guys have a very profitable trading week.
by the5erstrading
EURNZD | Live position | UpdateWe are currently in 200pips profit as price action moved exactly as projected in our analysis yesterday (see link below for reference purposes). Let us continue to watch and see if price action has the tendency of moving further up in the next couple of days... cheers! Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
ETHER on the rise, few buy scenarios Hello traders: Few weeks ago I was more looking for a short term move down on ETH before the bigger, longer term up move. Price didn't end up confirming any bearish price action to enter short, instead, we are seeing some strong bullish impulse phrase from the lower time frames. We can see the latest development has shown the previous high is broke above now. Now we can either wait for lower time frame continuation correction to look for buy entries. or if bullish continuation correction does not form, instead a bearish drop down, then wait for price to hit the previous lows, and if price develop bullish reversal price action, then still look for the buys. Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
34
Ethereum Classic Back On Bullish Watch Hi everyone: Also on my watch for further bullish up move is ETC. We can see after the initial bearish down move, price has develop into a larger descending structure. As we know descending type of consolidation give good probability for bullish reversal price action. Latest development has given us a strong, lower time frame impulse phase up, breaking above the structure. Now, to confirm further upside, watch for bullish continuation correction to develop and finish, to confirm the next up move to the highs. Thank you
KRAKEN:ETCUSDLong
by jojofang0901
22
CARDANO Is It Time To Rise ? Watch for continuation price action Hello traders: ADA has been in a decline since the initial strong bullish impulse up after reaching the $3 price. It has been in a bearish price action and continue to correct within a downward correction since. We can see price temporary broke below the $1 mark, but quickly reverse up and formed bullish impulse phase on the lower time frame. This is a good sign that price has formed a low, double bottoms, and reversal price action has formed. Its within our interest to wait and see if price can develop a bullish continuation correction as it has broken above the descending channel structure. Look for previous highs as potential targets if price does give is the confirmation ion to enter. thank you
BINANCE:ADAUSDLong
by jojofang0901
25
Weekly Trade Recap: EURNZD +1.7%, GBPAUD +2.3% 03-25-22Hello traders: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 13 - 18th. EURNZD: Running for +1.7%, 1.7:1 RR Full analysis/forecast: GBPAUD: Running for +2.3%, 2.3:1 RR Full analysis/forecast: EURAUD: Out for +3.31%, 3.31:1 RR Full analysis/forecast: GBPNZD: Out for +1% profit, 1:1 RR 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
11