Structure
NQ Power Range Report with FIB Ext - 5/18/2022 SessionCME_MINI:NQM2022
- PR High: 12593.50
- PR Low: 12569.00
- NZ Spread: 55.00
Evening Stats (As of 12:05 AM)
- Gap: = N/A
- Session Open ATR: 436.59
- Volume: 29k
- Open Int: 241k
- Trend Grade: Bear
- From ATH: -25.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14105
- Mid: 12960
- Short: 11820
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
SHORT TERM SELL PERSPECTIVE ON GOLDVALID TILL DATE.
With price currently reaching a cross road of the current swing, we may have the current pullback coming to an end and an eminent continuation.
I am staying alert for any weakness at this current price level and jump on on a sell once all confluences have aligned.
SOYBEAN Can Push Higher, Watch for bullish development
Hello traders:
Also have SOYBEAN on watch from the commodity market.
We can see from the HTF:
Price is potentially forming a continuation correction after the previous bullish impulse phase up.
On the lower time frame, we can see the bullish continuation correction a bit more clear. With a few swing highs and lows, price made a descending channel and correct the price down to the last swing lows.
Latest development shown a lower time frame impulse up from the descending channel, and formed more continuation correction.
Expect the price to continue higher, and possible breakout of the larger correction, and more continuations to form to impulse up on the higher time frame.
Thank you
BITCOIN Higher Time Frame Outlook
Hello traders:
Once again we are at this current development of BTC where its possible to have different bias and perspective.
I will breakdown the 2 possible scenarios, and how to look for the bigger play in the near future.
Currently price has manage to break above the lower time frame correction,
but it should be confirmed with a continuation correction to validate the upside move.
But, the lower time frame correction can easily continue to develop,
and ended up with a bearish correction to move down once more.
If that's the case, price once price moved to the previous lows, or the bottom of the higher time frame correction,
its good idea to wait for bullish reversal price action at the bottom, and look for long term buys to the top.
Will see which of the 2 scenario will happen, and capitalize accordingly.
Thank you
BITCOIN Where To Buy ? Save This For Future Reference :)
Hello traders:
Crypto market has been dropping hard in the last few weeks, and many have asked me when is it to start buying again.
Lets take a detail look into BTC from the higher time frame perspective.
We can see after the initial bullish impulse phase of the market, price naturally develops into a larger correctional structure.
We are getting a few swing highs and lows, which is good to identify as a correctional structure.
From the all time highs area, price formed a double tops, ascending channel, and H and S to give us confluence of the sell.
Price continue to impulse down and follow by lower time frame correction.
We are not yet at the previous swing lows, so what I forecast and suggest is price can consolidate once more,
and push the price down to the previous higher time frame lows, which could complete the overall structure.
Once price reach the bottom area, its important to wait and see if any bullish reversal price action will form at the bottom.
Those confirmation will be important to see whether the price can resume the previous bullish impulse phase and expect another upside move from the price.
I will be updating this chart as we go on next few weeks/months :)
thank you
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 (Jojo), my channels/platforms (Aeris Trading) 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 (Jojo) and channel/group name (Aeris Trading) to show unrealistic results and profits to sell you scams.
EURJPY Break & Retest Structure SHORT!Welcome back! Here's an analysis of this pair!
**EURJPY broke daily structure and now the pair is retesting previous broken support which will become resistance. Price is also rejecting off the 50 MA. SHORT! Targets 133.98, 133. 64, 132.95
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 and COMMENT 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.
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Brian & Kenya Horton, BK Forex Academy
Weekly Trade Recap: AUDJPY, EURCAD 05-14-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 1st- May 6th.
EURCAD:
2 entries out for +5.50% profit.
Full analysis/forecast:
AUDJPY: out for +0.53% profit
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. :)
AUDJPY More Bearish Price Action, Wait For Sell Confirmation
Hello traders:
Also on watch are few JPY pairs as they mostly are showing good signs of reversal bearish price action.
Here on AUDJPY, from the HTF, we can see price has break above a previous highs, but no signs of continuation price action.
Where as on the lower time frame, more bearish price action has developed and form.
We see an ascending channel and price indeed reverse impulse down, and formed more continuation correction.
Now that we have another bearish impulse phase down,
would be interesting to see if price can form more continuation correction after breaking the previous lows, in order to confirm more downside opportunities.
Wait for that confirmation before placing entry orders, if not confirmation or continuation correction, then no entry no trade.
Thank you
NASDAQ More Downside Possible, Watch For Sell Setups
Hello traders:
Looking at most of the US Indices market, they do seem rather bearish and could possibly continue more downside momentum.
From the higher time frame, we discussed the possibility of a the bearish market since January
Where as on the lower time frame, we continue to see more bearish price action.
From the previous bearish outlook/forecast, price indeed push down to the previous lows, and continue down
Now that we see a clear impulse phase that broke the lows, good to wait more continuation price action to form, to confirm another impulse phase to the next lows
thank you