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W-patterns

XRPBTC Look for bullish continuation to the upsideHi traders: Here on XRPBTC, I see a potential breakout from this correction structure. We see price formed a decending channel, then a bull impulse up. I like like the continuation correction forming here, expecting price to break above. Like I always do in my analysis, I am waiting for confirmation in the price action. Once I see a confirmed breakout, I will wait for lower time frame correction to take it up. Thank you
Long
by jojofang0901
4
CADJPY Correction Completion, Look for sell nowHello everyone: Similar like other JPY pairs, I have been talking about CADJPY for weeks now. The overall structure is complete in my opinion, and we can expect to get the next bearish impulse down to the bottom of the structure. We see the last bit of price action, forming a ascending channel, breaking above the higher time frame structure, but in a corrective way. Then a bearish impulse on the lower time frame, breaking out of the channel, can indicate the beginning of the next bearish run. I would wait for lower time frame continuation correction to develop and add in the sell. thank you
Short
by jojofang0901
2
NZDJPY Same bearish moveHello everyone: Similar outlook and analysis here on NZDJPY. We see the same price action played out over and over again. Recent double tops, price is moving up towards the area correctively and in a ascending channel structure as well. We confirmed that with a bearish impulsive move from the top, now naturally I would go look for continuations for the sell. Wait for some lower time frame correction to develop and look for the sell entries down. Thank you
Short
by jojofang0901
2
BTCUSD look for short term buy opportunitie from this correctionHi everyone: Looking at BTCUSD for potential buy opportunities to the recent tops. We see the overall price is in this correction channel structure on the higher time frame. The recent price action had a continuation correction and price manages to break above it. A potential inverse Head and Shoulder pattern as well. I am waiting to see if price will develop a smaller continuation correction in the lower time frame for confirmation for a short term bullish move up. Thank you
BITSTAMP:BTCUSDLong
by jojofang0901
2
NZDCAD Still look for downside moveHi everyone: NZDCAD from my previous weeks analysis had price push down from a continuaton correction, but did not carry the bearish momentum downwards. Instead we see price begin to push up, and create this current structure, still a correctional pattern that can still confirm my higher time frame bias for the short. I do like to see a small correction now on the lower time frame for clarify, and look for the same sell down to the recent lows. Thank you
Short
by jojofang0901
XRPUSD Can we get this bullish confirmation out of the structureHi everyone: Looking at XRPUSD for bullish up move. When we zoom out to the higher time frame, we see a strong bullish impulse after a sharp move from Covid. What we now is a confirmed larger continuation structure, and price manages to break out of it. I am patiently waiting to see what the price will do here to form a continuation correction to take it up to the recent tops, or a strong bull move to break out. Thank you
BITSTAMP:XRPUSDLong
by jojofang0901
2
EURUSD I am still looking for the sell setupsHello traders: Even tho EURUSD had a strong bullish run since yesterday, I am still having a short bias on it. My reasoning behind the sell is that structurely we are still valid for a short move to the downside. From my previous analysis, price did not manage to break down from that structure, but did manage to move up more. However, structure is ever evolving and I see the extending structure on the price action. What I want to see before consider a sell would be a confirmation bearish impulse move, followed by continuation correction in the lower time frame. Still looking very promising for a good Risk:reward trade down. Thank you
Short
by jojofang0901
3
CADJPY Last bit of structure completion? Hello everyone: I am still keeping an eye on CADJPY for the sell. When we look at the overall structure, we still seeing a larger continuation correction. Last bit price action is correctively going up to the top of this channel like structure, could see bearish opportunities. I see either price goes up one more to create a recent double tops, or breakout for this current correction. Look for strong impulsive move out of the correction for the sell down to the lows of the larger structure and see what the price will do then. Thank you
Short
by jojofang0901
4
EURJPY completion of continuation structure? Hi everyone: Similar like CADJPY, I do like the overall structure on EURJPY as well. The larger higher time frame continuation structure is still valid in my plan, as last bit of price action is very corrective going up towards the top of the structure. When I see this sell breakout happening on the lower time frame, I do like to see more confirmation from the market to create continuation correction down. I would look to scale into the short, and look for more sell entries down to the lows and re-evaluate the price action then . Thank you
Short
by jojofang0901
GOLD Look for the sell out of correctional structuresHello everyone: Still seeing XAUUSD a great sell opportunity to the downside. We see the overall price action is in this ascending channel formation, and price is still correctively moving up in the channel. Last bit of price action indicates a potential recent double tops, lower frame ascending channel within the structure. I would like to see price break below the lower and higher time frame ascending channels, follow by small correction to enter for the sell. Thank you
OANDA:XAUUSDShort
by jojofang0901
NZDCHF Structure doesnt change, still look for the next downHi traders: NZDCHF structurally is still bearish on the higher time frame. We did see a confirmation structure and price dropped down from my previous analysis. However it did not hit the bottom of the structure, then retrace back up. Whats important is that the larger continuation structure is still valid, price managed to move up to form a recent double tops, then drop down. Last bit if price action I do see a continuation correction, an ascending channel structure. Look for sell to continue downside to the lows of the larger structure. Thank you
Short
by jojofang0901
Not a Big Fan: $1.78 Target (Curve is Steep w/ ADR)GNUS is one of those stocks that I didn't like from the beginning given the overly speculative investing and what seems to be somewhat of a pump activity going on. Regardless, funds have been overly bullish on this over and over, not paying attention to key patterns. Right now, I expect a continuation of the bearishness, and this should even go down at least to $1.78. At that point maybe some hope the price starts being neutral. As always, everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. This isn't meant to be taken as actionable financial advice.
GShort
by gamer456148
AUDUSD can we get a confirmation sell ?Hi everyone: Looking at AUDUSD for sell setups from the top. We see on the higher time frame, price hit a double top and then had a sell move down. Price action begin to form a channel structure, correcting itself up once more, potentially hitting the top to form a triple tops. What I like about the last bit of price action is the structures that is forming. I would be looking for sell setups from the structure if we get continuation corrections on the lower time frame. Thank you
Short
by jojofang0901
EURCAD dont miss this sell opportunityHi traders: EURCAD is shaping out very nicely for a potential sell opportunity from the top of the structure. We see a double top rejection, price is on this larger channel structure move up towards it. Price action had a sharp move don from that double top, but quickly move back up. What I like about the last bit of price action is that is it moving back up correctively, potentially forming that 3rd tops. I like to see a confirmation breakout, then look for lower time frame correction to enter. Thank you
Short
by jojofang0901
2
AUDCAD Look for this sell breakoutHello everyone: AUDCAD is showing some nice price action structures that can lead to some short term downside move. We saw the price action had a potential continuation correction after a strong bull move. However, price did not impulsively move up, rather it formed another corrective structure moving up gradually. The last bit of price action formed an ascending channel structure, and within that a another smaller channel in the making. I would like to see a breakout from the smaller channel, and impulsively move out of the bigger structure to confirm the downside. thank you
Short
by jojofang0901
DXY Can we expect USD strength coming in ?Hello everyone: Beginning of July I was looking at DXY for bearish move down to the recent lows. We have now see a double bottom on the most recent price action, potentially seeing a reversal opportunities. Down to the lower time frame, I see a potential bullish move in the making. Price is forming continuation correction, heading up to the descending channel structure. I would like to see a strong breakout of the channel then looking for lower time frame correction to enter for the buy. Thank you
TVC:DXYLong
by jojofang0901
BCHUSD expect this bull move when structure completesHi traders: Looking at BCHUSD for mid/long term outlook. We see price is in this overall larger expanding structure, and had a double bottom rejection at the bottom of structure. We then see a quick bull move up, and form correctional pattern here. I do like the higher time frame and intro day chart's price action, just waiting for the correction to complete. Looking to buy from the bottom of the current price structure, or wait for breakout follow by continuations. Thank you
BITSTAMP:BCHUSDLong
by jojofang0901
2
EURUSD one more piece of confirmation before the sellHello traders: My last EURUSD analysis was forecasting the price to go up pass the recent double tops impulsively to confirm a potential up move. However I am seeing the recent price action and structure are developing more into a correctional piece. We see price correctively move up toward the recent double tops by forming a rising wedge structure, and hitting the top of the channel structure as well. What I would like to see now is a lower time frame continuation structure to develop once price breaks out from here, and wait for confirmed correction and enter the sell. Thank you
Short
by jojofang0901
8