Parallel Channel
Charting Out Loud: BTC 6/24/2021First 8 minutes is just a recap of the daily and 8hr charts to see how it has behaved in the last day or so.
15 min chart overview starts at 8 minutes.
Actual charting of the 15 min starts at 12 minutes.
Fibs to watch can be seen at 19+ minute area.
Summary:
We should see a pullback/retrace on the 15 min, there are some fibs to observe for where it may bounce if it regains bullish momentum.
Will the USD Continue its Strength ? Price Action Is Key Hello everyone:
Let's take a more detailed look into the USD, and see how they are doing from last week.
Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these setups.
Personally I do see them very likely to continue the strength, but whether they form just small, lower time frame corrections to continue, or form deeper, larger corrections before the next continuations.
Let's take a look into all the JPY pairs, and see how we can approach them.
DXY -
EURUSD -
GBPUSD -
USDCAD -
AUDUSD -
NZDUSD -
USDCHF -
Any questions, comments or feedback welcome to let me know.
Thank you
JPY Yen Pairs are gaining strength, what to look out for now ? Hello everyone:
Since both USD and JPY pairs are all gaining momentum and enter into the impulsive phase of the market condition,
let's take a closer look into them and see what we can expect from them next week and onwards.
Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these setups.
Personally I do see them very likely to continue the bearish trend, but whether they form just small, lower time frame corrections to continue, or form deeper, larger corrections before the next continuations.
Let's take a look into all the JPY pairs, and see how we can approach them.
EURJPY:
CHFJPY:
GBPJPY:
NZDJPY:
AUDJPY:
CADJPY:
USDJPY:
Any questions, comments or feedback welcome to let me know.
Thank you
Weekly Trading Recap: EURUSD, USDCAD, CHFJPY, NAS June 19 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week.
I will explain my approach on the entry, SL, TP and management.
EURUSD:
Full analysis/forecast:
USDCAD:
Full analysis/forecast:
CHFJPY -
Full analysis/forecast:
OIL
Full analysis/forecast:
NASDAQ (NAS100)
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
CHFJPY Top of structure, watch for reversal price action to sell
Hi everyone:
Most of the JPY pairs are on my watch list, and CHFJPY from the higher time frame is looking the best among the JPY pairs.
We can see there is a strong bearish impulse phrase from the price, and the consolidation begins.
A parallel channel correction, that could lead to the next bearish impulse from the price when it finishes correcting.
Latest price shows a lower time frame ascending channel, correcting itself to the top of the channel structure.
Watch for bearish reversal price action, head and Shoulder, double tops, smaller ascending structures on the lower time frames
to give us the confirmation we need to look for sell entries down to the lows.
Feel free to ask me questions, or comment/feedback.
Thank you
Quick Breakdown and Outlook on the US Indices (NASDAQ, SPX, DOW)Hi everyone:
Did a quick breakdown and outlook on the 3 main US indices.
My bias here on them is a potential bearish run on them, so I will be patiently waiting for the right price action to develop.
If price continue to move up or doesn't form any bearish price action, then no entry and move on :)
NASDAQ -
SPX -
DOW (US30) -
All of them will need to develop some bearish price action and confirmation before consider an entry.
thank you
USDCAD Multi-Time Frame Analysis, Top-Down View
Hi everyone:
Quick breakdown on USDCAD.
Looks to me price finally is giving us more confirmation, and this upcoming week we could potentially see some bullish opportunities.
I briefly explained the higher time frame and lower time frame bullish bias and confluences,
and gave a quick forecast on how I plan to enter if the right price action develops.
Any questions, comments or feedback welcome to let me know :)
Thank you
Weekly Trading Recap: CHFJPY, AUDCAD, GBPAUD June 12 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week.
I will explain my approach on the entry, SL, TP and management.
CHFJPY: Running Position
Full analysis/forecast:
AUDCAD: Running Position
Full analysis/forecast:
GBPAUD: +0.51% profit
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
USD Pairs Bullish Outlook before NFP (GBP, EUR. CAD. AUD, NZD)
Hello everyone:
Since I couldn't do the mid-week market update live stream, I thought I would go over the USD pairs in more detail in this quick video.
My overall bias on the USD is strength in them, so I pointed out 5 USD pairs that could shape up for such opportunities.
Like always I need to wait for confirmation from them, so they are very close to shape up for the entries, and I would be watching them very closely.
Feel free to let me know if you have any questions, comments or feedback.
Thank you
Weekly Trading Recap: CADJPY, NZDJPY May 29 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week.
I will explain my approach on the entry, SL, TP and management.
Getting close to end of month, and overall pretty mellow. Quite normal coming from a bigger profitable month last month.
Still very please with the result, +3.36% per the month of May.
CADJPY: BE
Full analysis/forecast:
NZDJPY: -1%
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Detail USD Outlook in Price Action Analysis (GBP, EUR, CAD)
Hi everyone:
Today I want to dig deeper into a few USD pairs that may shape up for a very good bullish move in USD in the near future.
I narrow down the 3 best potential pairs, EURUSD, GBPUSD and USDCAD.
EURUSD
GBPUSD
USDCAD
Lets take a look at each of them, and see my analysis, forecast, and entry potential on all of them.
As always, understand that price needs to develop into the right price action before entering any live trades. If it does not, then no entry and move on to other opportunities.
Always have your own plan, management, entry, SL, TP that fits your trading perspective and expectations.
Feel free to ask me questions, or comment/feedback.
Thank you
GBPAUD CORRECTION THEN BUYhello and welcome to my analysis
gbpaud rebound from upper channel on daily
rsi is overbought on h1 h4 and daily
c orrection will happen now to the 1.8125 to 1.8100 level wich is almost 38% fibonacci
i suggest a buy limit @ 1.8105 or 1.8125 depending on price movement at these levels ( awaiting reversal candle on low time frame)
TP @ 1.8500
good luck
Weekly Trading Recap: NZD/CADJPY, MATIC, CADCHF May 22 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week.
I will explain my approach on the entry, SL, TP and management.
NZDJPY - Running around BE
Full analysis/forecast:
CADJPY:
First Entry: BE
Second Entry: Running around BE
Full analysis/forecast:
MATICUSD: +0.53% profit
Full analysis/forecast:
CADCHF: -1% loss
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo