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GBPJPY More Downside, Watch For Continuations Hello traders: GBPJPY has show good bearish price action since end of April, and we could potentially see more bearish downside. From the HTF we can see the overall price has hit a top of a higher time frame structure, and signs of bearish reversal move down. On the lower time frame, a Head and Shoulder pattern has formed, price impulse down, broke previous lows, and formed possible continuation correction. Good idea to look for confirmed impulse out to of the continuation correction for best entries down to the next lows. Thank you
Short
by jojofang0901
43
NZDJPY Follow the JPY Strength for More downside Hi traders: Also on watch is NZDJPY which has been pushing down aggressively from the top. From the higher time frame we can see clean double tops, expanding structure, and price indeed reverse down from the top of structure. Here on the lower time frame, price formed that double tops, ascending channel, and strong bearish impulse down. With a few impulses and corrections, price is able to continue down more. Latest development shows an ascending channel/rising wedge correction, good signs of more bearish price action. Look for lower time frame continuation to push the price down more. Thank you
Short
by jojofang0901
27
SILVER Higher Time Frame Bullish Outlook Hello everyone: Closely watching SILVER for the higher time frame long term bullish upside. We can see from the yearly perspective, price continue to correct after the strong bullish impulse phase after COVID crashed. We can see a large, correctional structure has developed, with multiple swing highs and lows. on the lower time frame, we also see a triple bottoms, price has hit the lows of the HTF structure. There is descending channel and possible bullish reversal price action in the making. To confirm the bigger picture, we should expect to consolidate on the LTFs, and form continuation correction to confirm the upside move. Thank you
OANDA:XAGUSDLong
by jojofang0901
5
GBPJPY | Perspective for the new week | follow-up detailsThe pound clings to upbeat UK job data which appears to be evolving into a second bullish move from a technical perspective. The sharp rejection of the bearish trendline that was broken in mid-April 2022 during the course of last week's trading session appears to maintain a strong bid tone for the Pound going into the new week as I look forward to a breakout/retest of the key level at 160.000 area to join the potential rally. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
NZDJPY Same Potential Bearish Price Action, Watch for Sell Hi traders: Also eyeing is NZDJPY for the possible bearish sell opportunities. We can see from the higher time frame that the price has reach a potential high, possible double tops. Price created this expanding structure and from the top of the structure, we can see there's a bit more lower time frame development. No further bullish price action, instead, a reversal development, and price does look bearish on the lower time frame. Watch for sell confirmation, if price can impulse down further, and form bearish continuation corrections, then it can push the price down more. Thank you
Short
by jojofang0901
37
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.
CME_MINI:NQM2022Short
by mv3trader5
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
OANDA:SOYBNUSDLong
by jojofang0901
6
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
BITSTAMP:BTCUSD
by jojofang0901
32
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.
BITSTAMP:BTCUSD
by jojofang0901
37
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. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
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
Short
by jojofang0901
18
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
OANDA:NAS100USDShort
by jojofang0901
17