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Impulse

NZDJPY Continuation Sell Setups Hello traders: NZDJPY has potentially develop into another bearish correction that can help the price to push down further. WE can see from my previous outlook, price did indeed had the bearish impulse down from the ascending structure, and a clean impulse move down. After a strong bearish move, naturally price will correct, which is the current correction we are seeing right now. Price is rather correctively and has formed a potential double tops and with few swing highs and lows. There is also an ascending channel within the structure. Be on the lookout for bearish reversal price action at the top of structure, and look for sell entry down to the lows. Thank you
Short
by jojofang0901
34
AUDJPY Head and Shoulder, Bearish Price Action to sell Hello traders: Just like the previous analysis I share on NZDJPY, AUDUSD, they are have the similar bearish development. Here on AUDJPY, we can see a clear higher time frame Head and Shoulder Pattern. Price formed the Top of the Head, and strong bearish impulse phase down. Naturally after a strong move, price begin to correct and form into an ascending structure, right shoulder. Latest price develop another reversal correction within the right shoulder, and a strong bearish impulse on the LTF. Look for the continuation correction to form on the LTFs, and watch for the next bearish impulse down. Thank you
Short
by jojofang0901
45
GBPUSD Continue the Sell, no reason to stop :) Hi traders: From my last GBPUSD forecast, price indeed push down as expected from the bearish reversal price action. We see strong impulse down from the double tops, ascending channel, H and S all give us good confirmation for further downside. Personally I update in my live stream that I took a sell for 3.5:1 RR, and exit the trade before the previous lows. I wanted to see if price has enough momentum to break the previous lows, and want to see how FOMC will be on Wednesday. After the new event, we indeed see further downside of the price, breaking the lows of the ascending channel. Now would be good opportunity to look for further sell setup, if price can correct and form continuation correction. This will confirm another downside move to the next lows. Thank you DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me (Jojo), my channels/platforms (Aeris Trading) to scam people. -Be very careful as I will NEVER private/direct message you on telegram, or other messaging app first to sell you anything, such as signal, VIP channel, subscriptions, automated trading, mentor/coach/courses…etc -Be alert of fake and scam telegram channels/groups/platforms using my name (Jojo) and channel/group name (Aeris Trading) to show you unrealistic results and profits to sell you scams. If you are not sure of the authentication of any messages, please contact me via official platforms in my Tradingview profile and signature section.
Short
by jojofang0901
38
EURUSD Is Bullish On Intra-day - Elliott wave EURUSD is in a five-wave intra-day rally on the 15min chart. This impulsive move up suggests a minimum three-wave recovery, with red wave a leading the way. At the moment price can be unfolding sub-wave (v) of a, which can look for resistance at the 1.128/1.13 region, and then turn into a bigger red wave b correction. Both alternate counts suggest a flat to be in progress: ALT 1 suggests a potential top for a sub-wave (v) to be in place, and an a-b-c move to be underway, towards the 1.123 level, before more upside can follow. ALT 2 suggests a flat to be in play for a sub-wave (iv), and a retest of the 1.123 level, before we may see sub-wave (v) unfold to the upside.
by Gravity33
GBPJPY Fail to continue higher, watch for bearish development Hello traders: Also looking at GBPJPY and other JPY pairs for further strength. We can see from the higher time frames that price has hit a double tops area, and no further bullish price action has formed. Instead, price develop into an expanding structure, and a recent double tops within. Price did initially had a bullish impulse phase on the lower time frame, but after hitting the highs, no further bullish continuations, instead we are see bearish reversal Now that price is dropping and potentially reversing out of the structure, watch for more lower time frame bearish development as a confirmation for downside. Look for bearish continuation correction as a confirmation before you decide for entry down to previous lows. Thank you DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money. Be alert of fake and scam channels/groups/platforms using my name and channel/group name to show unrealistic results and profits to sell you scams.
Short
by jojofang0901
24
Emini Elliott Wave Possibilities. Right now the Price Action is hitting many markers for an impulse move from the High. All of the notes are for the bearish impulse down, but time is running out for this sideways Wave 4 move, its getting a bit big in relation to the Wave 2. A break above 4478 would have me a bit suspicious if it is still a valid impulse, though 4572 is the official invalidation. Indicators are pointing towards a possibility of more down as well. A price drop below the current low with divergance on the indicators, would lend toward the possibility of a completed impulse and a move up. MO
CME_MINI:ES1!Short
by CryptoKnee
AUDUSD BUYWelcome back! Here's an analysis of this pair! **After the strong bearish impulse move, it appears that banks have taken out liquidity at support (6970) and we can expect a bullish correction to follow. Recommended stop away from structure level or 1-2% of your total account balance, tp's 7015, 7035, potentially 7080. 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 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
2
WHEAT Looks Promising - Elliott waveWHEAT (MAR 2022) made a textbook example of an impulsive (five legged) wave, down from 831 high, and found a potential low for a higher degree wave A or 1 at the 774 lvl.. Price can now be in a temporary, corrective retracement labelled as an a-b-c flat of a higher degree wave B or 2. Possible resistance is at fib. ratio of 0.382/0.50. In case if price starts dropping impulsively through the lower corrective parallel channel line, and below the 774 low, then we would consider a completed correction in B or 2, and further weakness.
CBOT:ZWH2022
by Gravity33
NZDUSD Look to continue bearish price action Hi everyone: Looking for further bearish development on NZDUSD as the USD continue to gain strength. We can see after the initial bearish impulse down, we see a larger, flag like structure. Price has been consolidating within, and looks clean for a possible continuation downside align with the higher time frame perspective. We can see now price is currently at the bottom of the structure, what we want to see is a clean impulse out, follow by lower time frame continuations correction to confirm further downside. Alternatively, price can still make another move up to the top of the flag structure, and if there is reversal price action at the top, still look for sell if it confirms. Thank you DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money. Be alert of fake and scam channels/groups/platforms using my name and channel/group name to show unrealistic results and profits to sell you scams.
Short
by jojofang0901
10
GBPUSD Watch for Bearish Reversal From the Top Hello traders: Here on GBPUSD, we can see price initially pushed up from the descending channel that I originally forecasted in the previous idea. Price has now hit the previous swing highs, and at one point was looking like it will breakout and continue upside. However, at the top of the price action, instead of bullish continuation on the lower time frame, what we saw is a clean Head and Shoulder reversal, and price had a reversal impulse down. To confirm this bearish reversal, would be nice to see the ascending channel complete, and price impulse out, follow by LTF continuation correction to confirm the sell entry down to previous lows. Thank you DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what. Be alert of fake and scam channels showing unrealistic results and profits.
Short
by jojofang0901
29
EURUSD False Breakout, Watch for reversal price action hi everyone: Similar like what I point out in GBPUSD, we can see EURUSD is also showing signs of possible bearish price action. Last week we we ended up see some short term bullish up move during mid week, breaking above the previous structure, and was looking like it will continue higher. Instead, what ended up with a bull trap, where price broke up, but no continuation bullish price action, instead a lower time frame reversal, and price impulse down. These are great development as it shows a false breakout, and potentially a bearish reversal from the top is very possible. Now we just need to wait for a bearish continuation correction on the lower time frames to confirm this downside move, and look for sell down to previous lows. Thank you DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what. Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.
Short
by jojofang0901
52
WHEAT in leg v of a bearish turn - Elliott waveWHEAT is trading in a five-wave decline for a higher degree wave 1 or A from 831 high. We also see that price broke below the lower corrective parallel channel line, which is a confirmation that a temporary high is in place, and a change in trend underway. At the moment we are tracking a sub-wave v of 1/A, down from 795 lvl., where a corrective sub-wave iv had ended (fib. ratio of 0.382 and 0.50 reacted as resistance). Sub-wave v can reach area near the 776/771 lvls., before an a-b-c move for a bigger 2/B correction may follow.
CBOT:ZWH2022
by Gravity33
WHEAT turning bearish for a lesser five-wave move - Elliott waveWHEAT (Mar 2022) is trading as expected, turning in impulsive fashion down from 831 high of a former higher degree wave C. We labelled a five-wave move in progress for a higher degree wave 1 or A; sub-wave iv correction can now be underway, with possible resistance at the Fib. ratio of 0.382 or 0.50. Also the upper side of the lower parallel corrective channel line can react as resistance, and the former swing high of a wave b (796'2 lvl.). A sharp break below the 782 lvl. would suggest a completed minor correction and sub-wave v underway. An impulsive fall, followed by a break bellow the lower corrective parallel channel line indicates a bearsih turn on the intra-day chart of wheat.
CBOT:ZWH2022
by Gravity33
USDCAD Higher Time Frame Bullish Outlook Hello everyone: USDCAD's higher time frame is looking very clean for further upside opportunity in the weeks/months to come. After the initial bullish impulse phase from 2016, price falls into this current large parallel channel structure on the higher time frames, with a few swings highs and lows. We can clearly see a few corrections and impulses within this larger structure, which makes it a good sign for possible continuation from the previous impulse phase. We can also see price has created a double bottoms and there is reversal price action form the bottom of the HTF structure, a nice reversal impulse up move from the price. On the lower time frame, after the reversal impulse up, We can see a continuation correction to give us a good confirmation for further up move. IF the LTF correction breaks up further, and expect further upside if bullish price action continues. Thank you
Long
by jojofang0901
27
What's your view on the USD ? Bullish or Bearish ? Hi everyone: What is your current view on the USD ? There seems to be an fairly equal amount of buyer and seller point of view and bias on whether the USD will continue gain strength or possible reverse and become weak. Many different opinions, different view points based on fundamental, technical and more. All could have their good valid points. So, lets take a look at what I see from all these from a technical point of view ? Here is my personal point of view at the current price action development. I will show what could be a view possible scenarios of the USD based on price action analysis. After the previous bullish impulse phase up, price since November 2021 has been consolidating within this correctional phase. As we know how the market tends to move after a consolidation period, its likely to resume an impulse phase, but whether that can be continuation, or reversal is the tricky part of price action analysis. Last week, we saw mid way through the week price has push down impulsively, broken out of the original structure most of us saw at the time. But came Friday, when price had a bit of sharp reversal on the lower time frames. At this point, its whether to determine the USD is now reversing to the upside on the LTFs, and potentially resuming its bullish trend from previous impulse phase. or price is just having a quick pullbacks, but if consolidate and form correction, could still possible resume the downside reversal trends. Time will tell and give us a better development of the price, then it can confirm the bullish continuation, or the bearish reversal of the USD. Personally, my bias is more looking for upside, bullish continuation. So I do want to see whether the LTFs can form bullish price action and continue to push the price and eventually complete the correction to go higher. Welcome to share your analysis, view point, and opinions. :) Thank you DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what. Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.
TVC:DXY
by jojofang0901
30
S&P500 In a correction, within downtrend - Elliott waveS&P500 may have found a temporary low at the 4223 lvl., as price made a sharp reversal afterwards, which we think is a corrective wave (4) in progress. Possible resistance for wave (4) is at the Fib. ratio of 38.2 and 50.0 and at the lower parallel channel line (4425/4486 area). A new sharp, impulsive decline from the mentioned resistance area, would suggest a completed correction, and wave (5) of A underway. If current bounce gets deeper and more complex, then higher degree wave A could have found a low at the 4223 lvl. and a bigger correction as wave B is underway. In this case wave B correction would retrace higher.
SP:SPX
by Gravity33
Wheat Taking The Bullish Move - Elliott waveWHEAT (Mar 2022) found a low for a corrective wave B at the 776 level, near the Fib. ratios of 0.382 and 0.5, which can also react as support, and bounced sharply higher. A sharp rally above the upper parallel channel line, and above the former high at 803 lvl. is an indication that bulls are in control, and that correction is completed. We are now tracking a five-wave rally, a new impulse labelled as wave C, which can target the upper parallel channel line, connected from the high of A. 825/835 area can be seen, and can be achieved in a five-wave fashion as previous wave A.
CBOT:ZWH2022
by Gravity33
Weekly Trade Recap: DOW, AUDJPY, NZDJPY, AUDUSD, GBPUSD 01-22-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. US30: Out for +4.59% Full analysis/forecast: ZDJPY: Out for +2.09% Full analysis/forecast: AUDJPY: Out for +1.47% Full analysis/forecast: AUDUSD: Out for +1.94% Full analysis/forecast: GBPUSD: -1% loss Full analysis/forecast: UKOIL: -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. :) Jojo DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what. Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.
by jojofang0901
41
S&P500 in a five-wave drop; wave 3 is strong - Elliott waveS&P is making a five-wave drop from the 4819 high; we see current sharp drop as wave (3), with possible support around the 4350/4360 lvl., from where a new wave (4) correction can start unfolding, and look for resistance at the middle parellel channel line. Alternate scenario: Wave (3) is very sharp, which means price could extend wave (3) and deeper levels can be seen, before a correction of a wave (4) of red wave A may show up. In this case possible support for wave (3) is around the 4350/4278 region, level of a former higher degree wave 4.
SP:SPX
by Gravity33