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GBPCHF Impulse Correction Continuation Welcome back! Here's an analysis of this pair! **GBPCHF- Impulse leg on daily and 4 hr. followed by corrective wave/bullish flag. If we get the breakout, our target is 2400 zone (previous resistance). 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! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
AUDNZD Reversal Incoming, Watch For Sell Hello traders: AUDNZD is looking very clean for the possible bearish reversals. We can see a HTF potential double tops, and price has formed a larger ascending channel, correcting the price up. In the latest development, we see a smaller, lower time frame ascending channel as well, good signs of multi-time frame aligning up. We did see price reverse down from the top of structure, and smaller continuation correction has formed. Watch for more downside move, by identifying the next continuation correction to push the price down to the bottom of the structure. Thank you
Short
by jojofang0901
22
Weekly Trade Recap: UK100, NZDJPY, USDCAD 04-17-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 3rd- April 8th. UK100: running position Full analysis/forecast: USDCAD: Out for BE Full analysis/forecast: NZDJPY: Out for -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. :)
OANDA:UK100GBP
by jojofang0901
11
How to analyze any market from scratch #3Hello everyone: Many of you have asked me to continue making more of these analysing from scratch video, so I have prepared another one here for you today. Not only will we refresh the previous 2 educational videos on this topic, I will go into a bit more details on the confirmation on the lower time frames with multiple examples in the chart. Recall from the previous videos I made, when we want to analyze the chart from scratch, we always start: 1. From the higher time frames (HTF) to identify the impulse/correction phases of the market conditions so we can come up with a possible bias and direction of the current price. 2. Once we have a possible direction and bias, then we go down to the lower time frames (LTF) to also identify the impulse/correction phases which will lead to your confirmation and entry. These are simple steps to follow, based on multi-time frame analysis, top down approach. Many have told me it's not hard to identify the HTF’s impulse and correction, but what can be classified as a LTF confirmation before entry? Let's take a detail look into a few examples: A LTF confirmation is when the price is developing a few more price action structures/patterns that align with your HTF direction and bias. These can be continuation/reversal corrections on the LTF; impulse phases on the LTF that go with your bias on the HTF; multiple corrections within the larger corrections (patterns within patterns)...etc. The more of these LTF price actions you can identify, the more it strengthens your analysis and forecast on the HTF. Thank you Do check out my previous educational contents on this same topic to better learn my approach to analyse any market from scratch. How to analyze any market from scratch #1 How to analyze any market from scratch #2
Education
by jojofang0901
18
ETHUSD INTO A FIFTH WAVE - ELLIOTT WAVE ANALYSISHi Elliotticians, ETHUSD made an impulsive drop from the 3309 lvl., which confirmed a completed correction in 4, and now a wave 5 to be underway, ideally towards the Fib. projection target of 0.5, and towards the lower parallel channel line (3105/3080 area). Once wave 5 fully develops with its five-wave sub-structure and finds support, that is when a new A-B-C recovery can be in the making. A sharp, impulsive rally in this case would suggest a completed wave 5 of a bigger impulse, and an A-B-C recovery. If price continues lower, decisively below the 3180 mark, then we may be looking at a wave 3 of a higher degree, and more weakness in view. Take care.
COINBASE:ETHUSD
by Gravity33
Weekly Trade Recap: USDCAD, ADA, ETH 04-10-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 3rd- April 8th. USDCAD: running position Full analysis/forecast: ADA: -1% loss Full analysis/forecast: ETH: -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
22
ETHUSD IN A TEMPORARY PAUSE, BEFORE A DROP - ELLIOTT WAVE Hi Elliotticians, ETHUSD is trading similar as Cardano, however here price can still be unraveling a possible triangle correction in wave 4, which means, wave 5 lower can still be in the cards. That said, a five-wave, a-b-c-d-e contracting move needs to be seen in fourth wave, before a triangle may be regarded as completed. Also a new impulsive drop would confirm a completed wave 4 and wave 5 to be underway. Take care.
COINBASE:ETHUSD
by Gravity33
USDJPY Could Retest The Highs, While US Bonds Are DownHello traders! Today we want to share an intraday update for USDJPY pair in which we see nice and clean bullish impulse in progress, ideally back to highs for wave 5 that can retest the highs and 125 - 126 area. The main reason why USDJPY may stay up is still an unfinished five-wave decline on 10Y US Treasury Notes. As you can see, there's a negative correlation, so if bonds are still pointing lower for wave (5), then USDJPY could easily stay up, while the price is above 123.05 invalidation level. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
1
EURCAD Reversal Price Action In the Making Hello traders: Also caught my attention is EURCAD for possible bullish reversal development. From the HTFs, we can see price has managed to move down to a previous lows, but within a descending correctional structure. This alone is usually not enough confirmation of possible reversal yet, hence we go down to the LTFs to see if theres further development. We can see now within the HTF descending channel, there is also a smaller, LTF descending channel as well. Good to have extra confluences stack on top. Now we just need to wait and see, if price can impulse out of the correction, and form further continuation corrections to confirm further upside move from the price. thank you
Long
by jojofang0901
27
NZDCAD Bullish Price Action, Wait For Buy Setups Hello traders: Also looking at NZDCAD for the potential upside move. WE can see price has formed a larger descending structure, correcting the price down. Latest development has also formed a lower time frame descending channel for potential bullish reversal price action. What we can wait for is price to commit to the upside, with a lower time frame impulse phase, pushing out of the descending channel, then wait for confirmation of a bullish continuation correction for the buys. if price does indeed impulse higher and out of the larger, higher time frame descending structure, then look for further continuation correction for more upside. Thank you DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
Long
by jojofang0901
13
Elliott Wave Analysis: Natural Gas Is Breaking Bullish TriangleHello traders and investors! Today we want to share Natural gas chart, in which we see pretty nice and clean bullish development. As you can see Natural gas is up since 2020 lows and looks like it's still unfolding five waves up from the lows. From Elliott Wave perspective, we are currently tracking big bullish triangle pattern in wave (4), which looks to be completed with recent breakout above upper triangle line. So, if we are on the right path, then Natgas can be on the way even higher, ideally towards 7 area for wave (5), where we see important Fibonacci cluster target zone. From technical perspective, as long as the price is above strong daily black trendline connected from 2020 lows and above 4.0 level, we can expect a bullish continuation at least towards 7.0 area. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:NG1!Long
by ew-forecast
AUDJPY HAS BULLISH CHARACTERISTICS - ELLIOTT WAVE ANALYSISHi Ellioticians, this is my current look on the AUDJPY. A possible bullish advance unflding, up from 90.76 level. Price can be in a black wave (iii), with possible projection target of Fib. ratio of 2.0. At the mentioned target a correction can start developing. Wave (iii) is an impulse, therefore five legs must unfold within it, before a correction as wave (iv) may start unfolding. The parallel channel line suggests where wave (iv) correction can find support, once it starts to develop (at the middle parralel line, or at the lower one). In case a sudden impulsive reversal starts unfolding towards the 90.75 level, then this would suggest a bigger, complex correction to be underway from the 94.32 level. On the other hand, more bullish and impulsive price activity would be a bullish sign. Trade well.
by Gravity33
2
TESLA PUSHING HIGHER- ELLIOT WAVE ANALYSISHi Ellioticians, Tesla is trading impulsively bullish on the 30min chart from the 700.1 lvl. We labelled a five-wave advance in motion, where price can now be ending a wave 3. Ideally wave 3 will end near the Fib. projection ratio of 2.0 and price will start to retrace into a corrective wave 4. If wave 3 extends even higher, then 2.618 Fib. projection ratio can be then next area, where wave 3 can come to an end. Corrective wave 4 can look for support at the upper parallel channel line and at the former swing low, at the 985.2 lvl.. A break below 887 invalidation lvl. would invalidate the count. Trade well.
NASDAQ:TSLA
by Gravity33
Weekly Trade Recap: ADA, ETH, EURNZD, GBPAUD 04-03-22 Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 27th - Apr 1st. ADA: running around BE Full analysis/forecast: ETH: running around BE Full analysis/forecast: GBPAUD: Out for +2.5% profit Full analysis/forecast: EURNZD: Out for +0.5% profit 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. :)
BINANCE:ADAUSD
by jojofang0901
25
LAST IMPULSE FOR LUNA BEFORE ITS CORRECTIONHello traders Today we are looking at the LUNAUSDT where thanks to the Elliot Waves Analysis we are achieving the wave 5 of its entire impulse trend My objective zone is betweeen $122 and $128, it is where the strongest Fibonacci objectives are. Additionally, we can see that we are having a triple Bearish Regular Divergence from the last high of the 26th december, (but it is even older than this date too) ----> (if you go weekly, you can tell by the indicator that we are also having a triple B.R.D from the beginning of its listing) Normally when finishing an impulse, it happens a correction wave (ABC for instance) Hope you find it interesting.
by ModTrades
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