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Marketstructurepattern

NZDCAD – Still waiting for the completion BIG ascending structurUpdate from my previous forecast that I post on Feb 7th on this pair. The price move slowly the past 2 weeks and still havent come meet my entry criteria. I have evolve my trendline a bit to adjust with recent price action. I still think this pair will make one last push to the upside and waiting for now until the price to finish its 3rd touch to complete its ascending structure, or at least until the double top area at 0.92800 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
EURAUD – Short Term Sell before Big Buying OpportunityEURAUD is clearly in the middle of a downtrend. By the way its shaping in the High Time Frame no, its clearly already showing exhaustion signal by forming a downward sloping descending channel. Last wek, EURAUD price has just broken below a Lower TF Ascending channel structure impusively followed by break of bearish continuation flag in H1 TF. I’m anticipating EURAUD to make one last leg to the downside up to the bottom of descending channel before it reverse to bullish phase. Considering the range from current price until the bottom of this channel, Its surely a sell opportunity that cant be ignored. However, I’m still consider this sell opportunity as short term bias so its still can reverse anytime soon. I will manage the position carefully with only small risk. The real opportunity is still waiting for the price to reverse to the upside in my opinion. Once the price has reach the bottom of the descending channel, I will wait for a clearly visible impulsive rejection from that area. Any break of bullish continuation pattern will confirm the bullish move that I certainly will make sure to take advantage of. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
CADJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term. The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, CADJPY is surely one pair that we must keep an eye for. In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it. I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside. I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go. On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 85.100 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
6
AUDJPY – Nice BIG shifting of direction is happening!If you’re following my analysis, maybe maybe you guys are already bored with this, .. and I don't know how many times I've said it,.. but I want to say it once more,.. just be careful,.. the direction is starting to shift now,.. We are already seeing some nice shifting of direction these past 2 days and I’m expecting this to continue for a very long term. The way the market move recently is a typical move and structure that I recognize to repeat itself and play over and over again. All risk currency keep going higher and higher in a corrective structure. Evenmore, they break significant inflection point area in daily timeframe just to retrace back impulsively like this. This is a common price move to catch more and more people on the wrongside of the market before the big real move start to happen. I do believe starting from now we will start to see a risk-off mood across all currency pairs, and when it does play, AUDJPY is surely one pair that we must keep an eye for. In this pair, we can see a really nice ascending structure in multi high TF and it already showing us a nice rejection from the top of it. I will wait for any break of continuation flag structure (minimum in H1 TF) to confirm the move to the downside. I will just let the target open while trailling sl along the way as the market start to give a momentum. Lets see how far can this pair go. On another hand, eventhough I see it as a least probable outcome, if the price break above the 25th February high at 85.000 area, it will nullify this forecast and I will wait for the market to shows it hand first by forming a better structure to see. For now, let’s see how will this pair develop, good luck.. _______________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
1
GBPUSD Analysis by WAVE FX Academy (DETAILED MULTI-TIMEFRAME)Hi Traders, here is my analysis for GBP/USD Technical Analysis: Monthly timeframe showing the market created a double bottom(W pattern) followed by bullish impulse candle. Generally once we have this type of market structure, price action generally revisits the neckline of the structure. From a weekly perspective we are seeing price in a key resistance level, where we had a strong sell off on the last time we were here. However based on the higher timeframe, we can expect either 1 of 2 things; a small retracement into weekly support or a break out of the resistance zone and continuation higher. A closer look on the daily timeframe shows where the market has met the requirements to create an active uptrend by creating 3 consecutive higher highs. Applying the principles of Elliot Wave, we can break down this price action further, to indicate that we are in the corrective subwave or the 3rd wave extension from a daily perspective. Using this information, we are finding confluence with the monthly timeframe of bullish continuation. Therefore we can start looking for entries to capitalize on this move. I've labeled the areas based on what I will be anticipating. Like and Comment your thoughts . All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Long
by wavefxacademy
GBPUSD – Still waiting for Short opportunityGBPUSD surely is on a clear uptrend recently. If you follow all my recent forecast, you will know that i’m waiting for a short opportunity in this pair. However, in the end, the market just decide what it want to do. I rarely get an entry trigger confirmation and the price keep moving to the upside. Above all of that, I stil havent changed my long term view. As long as the price keep moving up like this, keep extending in this corrective manner, I still think sooner or later it will fall down heavily. What I’m waiting for a entry trigger is of course for the price to drop impulsively first. I want to see a clear rejection to the downside (at least in H4 / daily TF) continued by a bearish continuation structure. As of where the price sit right now, I think we’re already in a very decent area. The price could start its 1st impulsive bearish move here. However, in the end, just let the market decide what it want to do. My PLAN B is for the price can still move up from here and my second area of interest to sell entry is rejection from 1.44000 area. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
NZDCAD – Waiting for the completion BIG ascending structureI have been waiting for NZDCAD to make big bearish move to the downside for quite sometime no. But it seems, starting from last November the price lack any real commitment. It just continuing its corrective phase resulting in sideway and choppy movement across all timeframes. However, now I’m starting to see cleary the evolution of the market structure in this pair. This pair is forming a 3 touch ascending structure in an even bigger ascending structure. Ussually, a pattern within a pattern like this is a big positive confluence for our edge,.. So,..i’m still confident that this pair has a very high probability for a longer term bearish move soon.. What I’m waitin for now is for the price to finish its 3rd touch to complete its ascending structure. So, I think this pair will make one last push to the upside to 0.92700-0.92300 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
EURAUD – Short Term Sell OpportunityEURAUD is clearly in the middle of a downtrend. Its now forming a clear 3-touch expanding structure with the last leg appear to be a false break to grab liquidity (catching people on the wrong sidee of the market). After breking outside of the structure, its completely retrace back into the structure and forming a bearish continuation structure. I’m not setting a stop order at the break of this bearish cont. flag, targetting to at leash the bottom of this expanding structure with more target to the downside that is still need to be seen on how the price behave and develop at that area. One thing to take note is i just view this trade as a short term trade opportunity, so we must be more careful with this position, as I’m expecting a broad weakness across all AUD and NZD pairs to play out in the long term. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
2
GBPUSD - Big Short opportunity almost ready once againAfter moving up correctively for several months, now once again a big short opportunity presented it self on GBPUSD. I have marked 1.37000 as a very interesting area to watch for sell position on GU since my previous analysis. We can see that everytime this pair reach this price, its rejected impulsively. This one now is looking very interesting. The price has now reach a very high value area, at the top of multi TF structure (Rising Wedge, Ascending channel). It also near has pieced through and breaking back daily inflection point (double top) area. To add more confluences this weekly close price forma very nice bearish pinbar with big wick. In the lower TF, we can see now that the price already rejected very impulsively from the top high value area. Its starting to consolidate a little now in H1 – H4 TF. I will look closely on how the price develop in this area. If the price form some clear bearish contuation structrure,.. I will take the break of the structure as confirmation for more further downside move. If we look at the bigger picture on HTF structure on how the price develop, we can see that this pair really have massive profit target area,.. there is still so many opportunity that will present it self, and I’m expecting we will finally see some big momentum on this pair for the next few months. For now, let’s see how will this pair develop, good luck..
Short
by moa_trading_journal
2
GBPJPY – Big Short opportunity presented it self once againAfter moving up correctively for several months, now once again a big short opportunity presented it self on GBPJPY. This one is looking very interesting. The price has now reach a very high value area, at the top of multi TF structure. It also near the daily inflection point (double top) area.. To add more confluences this weekly close price forma very nice bearish pinbar with big wick. In the lower TF, we can see now that the price already rejected very impulsively from the top high value area. Its starting to consolidate a little now in H1 – H4 TF. I will look closely on how the price develop in this area. If the price form some clear bearish contuation structrure,.. I will take the break of the structure as confirmation for more further downside move. If we look at the bigger picture on HTF structure on how the price develop, we can see that this pair really have massive profit target area,.. there is still so many opportunity that will present it self, and I’m expecting we will finally see some big momentum on this pair for the next few months. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
GBPUSD – Nice Sell Setup waiting for BreakOver the last few weeks, GBPUSD correctively and slowly move to the upside while approaching the sell area of TF structure. In addition, it the process, it also form a reversal Rising Wedge Pattern. Yesterday, finally, GBPUSD gor rejected impulsively from the high value area (top of multi TF structure) that I have marked from a long time. Now, the price is forming a small bearish continuation flag in H1 TF. Its not the clearest structure that we can see, but it still visible in my opinion. I’m waiting for the break of this flag structure to confirm a further move to the downside. Lets see how will this pair play out. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
2
GBPJPY – Nice Sell Setup waiting for BreakAfter moving in choppy manner over the last few weeks, GBPJPY correctively and slowly move to the upside while approaching the sell area of TF structure. Now, it finally looks convincing again... Yesterday, finally, GBPJPY gor rejected impulsively from the high value area (Inflection point / double top) I have marked from a long time. Now, the price is forming a small bearish continuation flag in H1 TF. I’m waiting for the break of this flag structure to confirm a further move to the downside. Lets see how will this pair play out. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
USDCHF - Determining time for USD Bull right now2020 finally prove to be the time for USD Bear,.. I have been forecasting for a trend change to bullish for several weeks now, but rarely get a proper entry trigger and the price just continue to slowly trickle to the downside especially in this last 2 month that is quite choppy in my view. Will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one. USDCHF price is now really at the bottom (low value area) of High TF ascending corrective structure. If USD really will get stronger, I see no better time than now to reverse. We close last week with a clear momentum to the upside. I see no other option to make use of this upcoming bullish trend beside from take the long entry as early as possible as it shows any sign of reversal. I’m now waiting for just one more trigger for the price to confirm the move to the upside and trigger my long entry. I’m expecting the price to form a small bullish continuation structure (H1 or M15 depending on structure). I will take a long entry as the price break the bearish continuation structure. Lets see how will this pair develop. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Long
by moa_trading_journal
NZDCAD – Big SELL opportunity in front of out eyes2020 finally prove to be the time for NZD bull,.. I have been forecasting for a trend change to bearish for several weeks now, but rarely get a proper entry trigger and the price just continue to slowly trickle to the upside especially in this last 2 month that is quite choppy in my view. Will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one. NZDCAD price is now really at the top (high value area) of High TF ascending corrective structure. We close last week with a clear momentum to the downside. I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal. I’m now waiting for just one more trigger for the price to confirm the move to the downside and trigger my short entry. I’m expecting the price to form a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure. Lets see how will this pair develop. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
GBPUSD – Getting READY for a big SELL We finally came to the end of 2020. I have been forecasting for big bearish move for several weeks, will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one. In addition, this year we will finally end the brexit story as 2021 mark the end of Brexit transition period. Trade aggrement between Britain and EU has finally been approved. Despite all of that, what I want to tell is from the technical view. This chart that I show is just a portion of a multi high TF (Daily and above) corrective ascending structure and the price is now really at the top (high value area) of these structure. I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal. I’m now anticipating a rejection move to the downside (must be impulsive) and forming a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure. Lets see how will this pair develop. Good Luck ______________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
AUDUSD – Downtrend to start in 2021?2020 finally prove to be the time for AUDUSD bull,.. I have been forecasting for a trend change to bearish for several weeks, will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one. This chart that I show is just a portion of a multi high TF (Daily and above) corrective ascending structure and the price is now really at the top (high value area) of these structure. We close last week with a bit momentum to the downside (At least in the short term). I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal. I’m now anticipating a bit further move to the downside and forming a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure. Lets see how will this pair develop. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
EURJPY – Short sell opportunity in progressEURJPY right now is in a interesting area. It has reach the top area in daily TF that got touched at 1st September high (daily inflection point). Whats more interesting is the price got rejected impulsively as soon as it touched the area. In lower TF,now the price is looking like forming a possibly bearish flag structure. If this this corrective structure really shape into a bearish continuation structure in upcoming few hours / days, I will wait for a break of this continuation structure to confirm the move to the downside with SL above the structure. Afterall, this trade is still in forecast, and if the continuation structure failed to form than I will skip this pair for a little while as it havent tagged my ultimate high area for selling at 128.000 For now, lets see how will this pair develop. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
AUDUSD – Is it the turning point now??AUDUSD has reach the top of HTF structure with structural approach (expanding structure) on multi LTF structure. Its signalling a weakness in how the price reach this area and giving signal for a turn to the downside, at least for short term. Meanwhile, I still hold on to my AUD long term bearish view,.. I set a sell order here with 20 pips sl at 0.76100. Lets see how far will this pair go this time. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
NZDUSD – Will NZD bull finally giveup?I have been bearish on NZD pairs since quite long. However, every time we got rejected the pairs quickly came back up to since this pair has a good correlation with US stock and seems like the FED won’t give up keep pumping it. Eventhough, I still prefer to trade based on technical view and ignore all the fundamental distraction. I have complete faith that sooner or later the price will always go back to its technical side. Now the price has once again reach the top of structure impulsively. In 15M TF, we already got a little rejection followed by what appear to looks like a bearish continuation flag structure. I set a stop order here at the break of this flag structure with SL above the flag. Lets see how far will this pair go this time. Good Luck __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
USDCHF – Get ready to see USD Comeback....We have seen massive greenback weakness this year but I’m expecting that to end soon. USDCHF is the best USD realated pair right now with the clearest structure in my opinion. This pair has reach the bottom of HTF corrective descending structure, while forming another perfect descending structure in the LTF. The area that the price sits now is really unreal. I’m expecting to see some momentum to break this descending structure to the upside.. After that we will find a break of small bullish continuation structure to confirm the move to the upside.. Lets see how will this pair develop,.. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. Follow me on my other channel and don’t miss any updates: __________________________________________________________________________________________________________________________________________________________________
Long
by moa_trading_journal
3
NZDCAD – Bearish continuation pattern to confirm the bearish marAs per my analysis before,.. If you follow my analysis from the beginning, maybe you know I’m a long term bear on all this NZD pairs... So Far, this still looking good. NZDCAD has make its 1st impulsive move to the downside lat week. After that,.. I see a decrease in the momentum and i exitmy position at the bottom. After that this pairs continue to move sideways in range. Now, I’m starting to see the bigger continuation pattern that this pair form,.. The best part is,.. this structure is almost complete and I’m expecting we’re seeing the continuation of the previous bearish move soon. I’m expecting this move to be bigger than before and will be a massive one. As for the entry trigger,.. we will access in on the way but of course, the higher probability trade is to enter after the break of any continuation pattern.. Lets see how will this pair develop,.. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. Follow me on my other channel and don’t miss any updates: __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
GBPNZD – Change to bullish phase to happen soon ?GBPNZD sit at the bottom of HTF Falling Wedge pattern right now and it got a little rejected. I’m expecting this little rejection to continue for a while before forming a bullish continuation pattern. A break from this bullish continuation pattern will be enough to confirm the upcoming bullish move and will trigger my buy entry. Lets see how will this pair develop. Good Luck.. __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. Follow me on my other channel and don’t miss any updates: __________________________________________________________________________________________________________________________________________________________________
Long
by moa_trading_journal
3
AUDNZD - Buy opportunity seems almost readyThe market hasn't over so many opportunities at the moment a that is worth to trade in my opinion. Lately, .. the market has just gone very corrective that has last for several weeks startingin early Novermber. Nevertheless, AUDNZD pair is still something to keep our eyes on, in my opinion. This pair has reach the daily double bottom area (inflection point) while forming a corrective descending structure (Falling Wedge like). The price even pierced through that area.. What interesting is, when the price pierced through it, it quickly gone back up in a impulsive manner. Its usually a signal from the market that the bearish move is just a fake move to catch people on the wrong side of the market. In addition, after this rejection the market has now forming what appear to like a bullish continuation flag pattern on H4 TF. This is enough sign for me that the market want to continue to the upside if it breaks this bullish flag. I set a stop order entry on the break of this bullish flag structure, with sl below the flag. 1st target is 1.06800 with the break above that opening the potential of the price go to 1.07500 and even 1.10500. Lets see how will this pair develop. Good Luck.. __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Long
by moa_trading_journal