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W-patterns

DXY Can we get this dollar strength breakout?Hi traders: As you know I do have a long bias on USD. I see DXY could potentially have a bullish breakout, and in come the USD strength for up coming weeks. I do want to see if price will break out of this descending channel structure, follow by a continuation structure to push the price up. If we do see this move, then it gives other USD pairs extra confluence for a short term buy opportunities on them as well. Thank you
TVC:DXYLong
by jojofang0901
4
CADJPY Look for continuation after breakout Hello traders: We see CADJPY had a strong bearish move from the top of the structure. Now the price action is approaching the bottom of the channel structure, and forming a correction. I expect once the correction is finished, we can see a break out from that correction, and also breaking out the higher time frame structure. Last confluence I will look for will be smaller correctional structure once we broke out to confirm further downside momentum Thank you
Short
by jojofang0901
1
USDCAD Expecting this short term bull move up Hello everyone: As my bias on USD strength, so do I see opportunity here on USDCAD. We see similar price action in the past, and I do expect a short term buy potential on the intraday chart. The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure. I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries. Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top. Thank you
Long
by jojofang0901
NZDUSD look for this breakout confirmationHello traders: As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities. Here in NZDUSD, higher time frame we are in this ascending channel structure, pushing the price up correctively. Last bit of price action see a recent double tops, then a bearish move on the lower time frame. I like the structure the price is creating, but I like to see a full breakout from this ascending channel, then follow by a continuation correction to take it short. Thank you
Short
by jojofang0901
2
AUDJPY Bearish outlookHi traders: From my weekly outlook and daily update analysis, I have been paying attention to AUDJPY and otjer JPY pairs as well. WE do see a double top rejection, and we see price break above the channel structure, but quickly retrace back down. What is key to me is the structures that will be forming here on the lower time frame, are we getting a continuation correction to confirm this bearish run, and we can expect price to move down to bottom of the channel. I will then re-evaluate the price action then, to see if there is more continuation correction to take the price down further. Thank you
Short
by jojofang0901
2
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