Get started

Impulse

UKOIL Watch for reversal from the top Hi traders: Been very busy with other sessions but do find time in between to do some trade analysis and forecast :) Here on UKOIL, we can see a nice higher time frame structure in the making. With a few swing highs and lows, signaling a potential completion of this structure. The latest development shows us an ascending channel, correcting the price up within the HTF structure, good sign of a possible reversal price action. What I would do is wait patiently and watch for a confirmation bearish impulse down, follow by continuation correction to look for entry down to the lows. thank you
TVC:UKOILShort
by jojofang0901
39
SILVER Long Term Buy Potential Hi everyone: Looking at Silver here for the bullish long term outlook. From my previous analysis, I mentioned a downside from the price to the previous lows on the higher time frame would be ideal to lead to a long term buy. Finally, we see price correctively move down to the HTF lows within a descending channel, a potential double bottoms as well. Latest development showed us an inverse Head and Shoulder on the lower time frame, further add confluence for the possible bullish reversal. Look for buy entries either at the right shoulder of the H and S, or wait for price to breakout of the descending channel, and LTF continuation correction to enter. Thank you
OANDA:XAGUSDLong
by jojofang0901
42
Weekly Trading Recap: EURAUD, GBPUSD, SOLUSD Nov 20th 2021Hello everyone: Not many trades entered this week. I was on vacation during the week so wasn't too active on the charts or in my community. Will share these trade results from entry, SL/TP, management and overall analysis. EURAUD: Full analysis/forecast: GBPUSD: Full analysis/forecast: SOLUSD: 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
FTX:SOLUSD
by jojofang0901
37
GBPUSD Bottom of structure, watch for bullish reversal Hello traders: Lets take a detail look into GBPUSD's current price action. We can see after the strong higher time frame impulse move, price develops into a larger, deeper consolidations. Within the larger correction, a descending channel structure was also formed. Good confluence here for a possible bullish reversals. Now that price is at the bottom of the descending channel as well as HTF structure, would be nice to look for a lower time frame bullish reversal price action. Either inverse H and S, double bottoms, falling wedge or smaller descending structures are valid as a confirmation for the buy move to the top of the structure. Thank you
Long
by jojofang0901
29
SOLANA Broke ATH, Continuation expected. Hello everyone: Sorry have been fairly busy with other things, but here is some good potential opportunity on SOL. We can see price has manage to continue its bullish move from my previous continuation correction that I point out in the latest analysis/forecast. The latest development has show price indeed break above the all time highs, which is good sign for further upside. Best to wait for a correction here as price is likely to consolidate, and finishing correcting for another bullish impulse up. Thank you
FTX:SOLUSDLong
by jojofang0901
12
FTSE100 Top Of Structure, Get Ready for Sell opportunities Hello everyone: Also looking at FTSE100 for the bearish reversal from the top. We can see similar higher time frame structure here like other indices market. Price has correct within and have few swing highs and lows. Latest development shows a lower time frame double tops, smaller ascending structure at the top of the HTF structure, good signs of possible reversals. Watch for a completion of the ascending structure, and look for bearish reversal on the lower time frame for sell entries down to previous lows. Thank you
OANDA:UK100GBPShort
by jojofang0901
9
EURAUD Continuation Bearish Price ActionEURAUD Continuation Bearish Price Action Hello everyone: We can see from the my previous analysis at the top of the Head and Shoulder, strong bearish impulse phase move the price down accordingly. After price has break the previous low, we see a descending channel and price was temporary reverse up correctively. However, the latest development here shows a lower time frame ascending channel after the move up, good signs of further bearish development aligning with the higher time frames. Be on the look out for bearish continuation on the lower time frame, and look for sell entries down to previous lows. Thank you
Short
by jojofang0901
31
Elliott Wave Analysis: AUDJPY Is Looking For Wave 5Hello traders! Today we will talk about AUDJPY pair and its quite clear Elliott Wave pattern called bullish impulse. Bullish impulse should be seen by five waves and as can see, AUDJPY looks to be trading in wave 4 correction with perfect 83.00 psychological support and with equality measurement of waves 2=4, right at the channel support line, from where we should be aware of another rally back to highs for wave 5 with room even up to 87 - 89 target area. To confirm our view, it would be nice to see a recovery back above 84.60 bullish confirmation level, however, any bigger decline back below 82.00 level would invalidate our wave count. 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
3
NZDJPY Bullish Continuation Price Action Hello traders: Still eyeing the strength in NZD pairs, and here on NZDJPY price has formed another bullish continuation correction. We can see several impulse phases, follow by correction phases. No difference here on the latest development. A bullish continuation price action, with a few swing highs and lows, double bottoms, ready to impulse up. Watch for lower time frame continuations, and look for recent highs and higher time frame highs as a potential targets. Thank you
Long
by jojofang0901
16
Weekly Trading Recap: NU, NC. UJ, XAG, US30, US100 Nov 14th 2021Hello everyone: I have been getting some hating and trolling comments/messages from some people on my recent trading result. Sure I can admit last month and this month so far haven't had some good results, and I am not hiding away from that. But I am well aware of how trading is in terms of consistency and sustainability. I have been journaling and making trade recap on my trade results which I share publicly, honestly and transparently, so not worry about one losing month or 2. Overall the year is certainly up and profitable, so it's during these periods of drawdowns and losing months we need to be extra cautious and don't fall into the trading psychological mistakes. Do not revenge trade, over leverage, over risk and end up blowing accounts. My sincere feedback to traders out there who are struggling. Don't let social media fool you on how trading is. You will never know if those scammers or fake gurus trade real, live $ accounts, or just show you demo account profits. You will never know whether they take losses or not because they won't show you those to sell you a dream. All consistent, professional traders will take losses, it's how we control our emotion, mindset and continue to let the probability play out in our favour for long terms. NZDUSD: Out for +0.5% profit Full analysis/forecast: NZDCHF: Out for +0.5% profit Full analysis/forecast: SILVER: Out for BE Full analysis/forecast: USDJPY: Out for BE Full analysis/forecast: USDCAD: Out for -1% loss Full analysis/forecast: NASDAQ: 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. :) Jojo
by jojofang0901
7
$A god move coming~After the amazing impulsive move to an ATH we came back to the 61 fib line which is a great pullback and a healthy one. ~we are in a wedge rn and are looking at a breakout next week ~~Bull flag highlighted in white looking hella fine, hinting at a breakout happening for the bulls ~Red zone is SL ~Green zone is take Profit max ~white zones in between will be key resistance points. ~VI indicator shows momentum is about to turn back to bullish. With earnings coming up on the 22nd, this could be a run-up to earnings play
NYSE:ALong
by CheckMatted
CHFJPY - Identify These Moves - FULL Breakdown 📚A key part of technical analysis is to identify the different phases and patterns in the market. So, what can we see? - We can see that we're within a major ascending parallel channel and price has been respecting it. When price approaches either extremes of the channel, it rejects aggressively. - There are 2 key phases at play here. The blue phase is the impulse and the red phase is the correction. - The impulse phase is an upward movement and the corrective phase is a downward move After identifying these phases, what next? - So now that we know that the impulse phase ends at the upper limit of the channel, we know there's a corrective move coming back down to the channel support. - If there's enough momentum, we can break the channel support and keep falling. As we're in an ascending channel, it is often a reversal pattern = there's a high chance that CHFJPY can come back down all the way to 109 - Now we need a trading plan to enter this trade How do we trade it? - The risk entry would have been at the rejection of the channel resistance - The safe entry would be to identify when the impulse has ended. One way we can do this is by identifying when the uptrend has ended. This can be done by using a trendline (like the one we have) and watching for a break to indicate that the uptrend has ended and the next phase has begun. Trade Idea: Watch for the ascending red trendline to break and enter with stops above the channel. First Target: Target the channel support for first targets (500pips) Second Target: The bottom of the channel (1,600pips) Hope this breakdown was helpful. If so, do leave a like and comment what you think!
Education
by WicktatorFX
16
USDJPY Clean Bullish Price Action, Don't Miss the Setup Hi everyone USDJPY and other JPY pairs have been showing signs of weakness in JPY. We can see from the higher time frame that price has already impulse up and out of the larger, correction. It formed into a smaller continuation correction which is what we see here on the lower time frame. () This is all good to see from a multi-time frame point of view. Both the HTF and LTF have same bias here. To confirm the upside move, what I would wait for is price to push and impulse higher out of the current correctional structure, and form smaller, LTF continuation correction to confirm the buy entry. thank you
Long
by jojofang0901
19
XAUUSD (Gold) is heading towards 1849 due to extended FifthHi trader, today I want to discuss a 1:2 RR trade on current XAUUSD movement and my thoughts about why I choose this trade. Gold's price action is in a clear impulse since we have multiple confirmations for it, just like volume or Fib-Levels that are reacting exactly like they have to react when it comes to an Elliot Wave Impulse. However, Gold managed to cross the 0.618 extension Fib. This is given due to the fact that wave 1 and wave 3 are nearly equal in length. This usually leads to an extended fifth wave, since one wave has always to be extended. We broke above 0.618 and managed to close there. So, whats next? In this case a usual fifth wave target would be the 1.618 extension for wave 5, that is measured from the bottom of wave 1 to the bottom of wave 4. We are confident with this analysis and chose to long on every dip we see until we reached our target. This is not financial advice. RL from RT-Trading
OANDA:XAUUSDLong
by RT_Trading_
4