USDJPY Unpredictable Hi everyone. Today we're going to look at forex pair USDJPY.
its price made a bearish impulse move and now in its correction phase. as we all know after an impulse we look forward to seeing a correction.
am looking forward to seeing a breakout below the channel, follow by a small correction to show the larger correction is over.
then I can enter the trade. in conclusion I'm hoping to see a bearish movement in the market. if you actually read the title of this idea I said USDJPY UNPREDICTABLE . Why?
there's also another analysis on the higher timeframe which shows a bullish move if there's a impulsive breakout above followed by a smaller correction. The market may also be bullish. checkout the analysis below for more info.
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Impulsecorrectioncontinuation
BTC in correction phaseHi guys. we've been seeing more bearish moves in BTC price. and we might likely see more of that.
currently in the larger correction, we saw a bearish impulsive move to the down side (which I did the analysis check it below). now we know after an impulse we see a correction.
BTC is currently in correction phase, and am looking forward to see the end of that correction to catch the next impulse phase.
HOW
by waiting for a breakout below the ascending channel and a smaller correction which indicates the end of the correction (according to my trading strategy).
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Cardano (ADA) goin shortHi everyone. today we're going to be looking at ADA.
price currently broke support zone with a bearish impulsive move. and we all know after an impulse, we see correction, and ADA price is currently in correction phase forming an ascending channel. this ascending channel acts a retest on previous support now resistance, and I expect to see a bearish impulsive move to the downside after the breakout of the channel.
conclusion: ADA is going short.
Disclaimer: I don't predict the market movement, I react to it.
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looking for retracement or pullback on EURUSDhi guys. we've seen an bearish impulsive move on the EURUSD, and now i hope to see a correction (like an ascending channel which shows impulse continuation). or if we could see a sharp retest on the previous support now resistance or on the Fibonacci level 38.2% or 50%.
this are probably reasons for my next entry on this pair.
Good Luck, trade carefully. and ensure you have your risk-reward management
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Bullish outlookhi guys. We're looking at BTCUSDT.
Firstly we can see BTCUSDT is in the correction phase and has formed a parallel channel // Triangle. In-between channel or triangle we can see a flag. this is the pattern that might pump the price above the channel (Impulsive breakout). then we look for impulsive continuation (small correction) before we enter the trade.
trade carefully and remember your RR management.
Weekly outlook CHFJPYhi guys. today we're going to be looking at CHFJPY.
firstly HS pattern was formed on a LTF and its close to a resistance level.
and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week.
Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over).
trade carefully and remember your risk management.
have a great weekend :)
Horizontal Correction + LTF Flag entryAnother play where I'm kinda neutral waiting on this horizontal correction to complete. then I'll take whichever LTF CAB Entry present itself whether to the upside or downside. I know a lot of people who are bullish on this one. I'm neutral because on the weekly Timeframe the structure is a bit more on the ascending side. Therefore we are still in a high value area to keep shorting.
XAUUSD PREMARKET ANALYSIS- 5 May, 2021, 1611 CTOVERALL TREND BIAS- BULLISH
Price movement- consolidating in a channel the past couple of days before market closure.
This looks like bullish flag pattern that's forming on the daily TF and multiple wick rejections to the downside signify a strong bullish trend that may push the price higher.
Looking for only buy setups here. and targetting the 1800 and 1815 ranges this week as potential TP levels.
How to Trade Price Action Daily!Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) .
Key things to Remember:
When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction"
The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves to Finish its correction)
The Best way to follow This Method is if the following conditions apply.
Conditions -
1. Look & Find a Big Impulse On bigger Timeframes (Weekly, Daily or 4Hours)
2. Wait for The Market to Finish its Impulse (You will notice the market starts to move the opposite direction to the original Impulse)
3. Pull Your Fibonacci From The Start Of the Impulse to the End of the Impulse Aka ( From high to low = Sell OR Low to High= Buy)
4. Be Patient and wait for the Market to Reach the Aka Strong Levels (61.8 Or 32.8) OR Which Ever is Better Align With Good Structure!
5. Once you Have a smaller Timeframe break of structure or Momentum Change (You will look for an Entry Based on Market Environment + Structure)
6. Enter Your Trade Preferably of 1hOur Or 4hour Timeframe (whichever has given confirmation mentioned in point 4)
7. Always Use Risk Management / 1% Risk to Trade Entries using this Method
8. Patience is the Key to Success!
Let Me know if you have any Questions or Comments Below!
Your Support Is Appreciated!
Happy Trading & Goodluck!
See You in the Next Educational Video!
Global Fx Education
XRPUSD Can break the downtrend channel ???BITSTAMP:XRPUSD
After the impulse in daily time frame and make a correction to 50% in fib Retracement ,
we can expect the price Can break the downtrend channel and make a higher high in next week.
Then if the market shift from the bearish to bullish we can make a long position.
What do you think???
ENTRY PRICE= 1.66180
T/P = 2.09820
S/L = 1.51630
Risk/Reward Ratio : 3.00
EUR/JPY Full AnalysisGood day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We Have an "W" Formation and we and we already started new impulse and broken previous High .
Weekly : We also have an overextended "W" formation as well and we completed the pattern. We should see a continuation to the upside.
Daily : We have a formation of a new "W" pattern and we will be placing our entry at the neckline of this W formation and wait for the market to shift from a bearish market to a bullish market on lower timeframe to execute the trade .
COT : Institution have been decreasing net positions in JPY since they closed more than 8500 long positions and added to 1100 Short position during the last report.
From an EUR perspective hedge funds added more longs positions than shorts and this explains the fact that there will be a lot of buy limits on this pair and then support our idea of correction in the market.
8H: We are currently super bullish and we will be monitoring price action around the Entry area for the environment to shift from a bullish to a bearish environment so we can execute our entry for a good R:R trade setup.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. You can also leave a comment and let me know which pair you'd like me to analyze in my next idea.
Trade safe !!!