Can AUDUSD Still Drop ?
hi traders:
I have been sharing lots of AUD/NZD USD forecast in the last few weeks. Most of them have not develop or commit to the downside.
This time around, we are finally seeing some bearish development of the price.
We can see price is at the top of the overall price action again, and smaller, lower time frame ascending channel, correcting the price.
We are now see a sharp bearish impulse move, pushing down the price.
Ideally is to wait for the impulse out of correction, follow by lower time frame continuation to confirm further down move.
Thank you
Structure
NZDUSD Catch the next drop if you haven't
hi traders:
Similar like AUDUSD I just shared, NZDUSD is following the same bearish development as well.
From my previous outlook and forecast,
Price hit the double tops, reversal impulse down, and formed continuation correction to drop more.
Now that price has a short term pullback, smaller, ascending channel, we could expect more downside from the price.
Ideally price should break below the HTF continuation structure, and formed lower time frame bearish development to further confirm the downside to the next previous lows.
Higher time frame wise, we do see strong bearish bias, and is looking clean for another downside move.
Thank you
jojo
AUDUSD Did you catch the sell ? More downside possible
Hi traders:
I was not active for about since last week, took a much needed vacation and mini-getaway.
Now I am back and seeing some good development of the price.
Here on AUDUSD, from my previous outlook and forecast from the top,
price indeed pushed down aggressively, and now is at the bottom of the lower time frame ascending structure.
This is where we can likely to see some consolidation, if price is going to push down to the next low.
Ideally we want to see a bearish continuation correction to form and complete, to give us a confirmation sell down to the next low.
But, don't be surprise if price bounce of from this LTF structure and move up again, in that case, no entry and no trade.
The downside is more ideal and better R:R to continue as the higher time frame also indicates.
thank you
Jojo
USDJPY - BEARISH CTS STRUCTURE TRADEIn today's Live Stream we took a look at a CTS Structure trade on the USDJPY Daily/4 Hour Chart. CTS stands for "Combined Technical Score" & it's essentially a way to quantify the things that matter to you most on a chart so that you're consistent in your analysis & in the type of trades that you value/take.
For more on the CTS check out the March 15th Live Stream that we did here on Tradingview.
But what I'm looking for on the USDJPY is a retest & hold of the daily structure level which would provide us with a double top & a reason for entry. Why this opportunity stood out so much for me is because there is a massive amount of room to move to the downside which would allow us to have a really good risk reward profile if completed.
The one danger is that tomorrow (March 16th) is an interest rate hike day so you never know what that may bring but speaking from a strictly technical perspective, this is a GRADE A trade for me.
If you found this trading idea valuable please do me a favor & hit that LIKE button at the bottom. Also, feel free to leave any questions, comments or ideas below as I DO read each and every one of them.
Akil
EURJPY Analysis I How to Trade This Week!Welcome back! Here's an analysis of this pair!
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Bitcoin Price Action AnalysisDISTRIBUTION:- Distribution stock refers to a large blocks of a security that are carefully sold into the market gradually in smallerblocks so as to inundate the market with sell orders for the security and driving down its price.Traders also refer to the dynamic of securities being sold this wayas simply "distribution."
Distribution assets refers to the sale of shares by larger institutions. Distribution is an important dynamic that institutional investors must manageto avoid precipitous drops in bitcoin prices. Institutional investors use trading algorithms or dark pools to accomplish large-scale sales of shares.
REDISTRIBUTION :- Redistribution begins with volatility and ends with volatility. typically a selling climax initiates the Redistribution process. theredistribution process looks eerily similar to Distribution.
HEAD AND SHOULDER PATTERN :- Technical Analysis, detailed many studies on the performance of this pattern. The result of all the data is that the Head And Shoulder Pattern is the most profitable of all standard patterns. Interestingly, Dalquist and Kirkpatrick made no distinction between the performance of the head and shoulder pattern and the inverse head and shoulder pattern (sometimes called the bottom forming head andshoulder pattern). While this pattern is successful across many markets, it is also the pattern that causes the most losses to new traders. We’ll get into the specifics of why this pattern destroys a good number of traders.
Head and Shoulder Pattern confirm with If the volume in the left shoulder is greater than the right shoulder, here is an increased likelihood of the head and shoulder pattern completing. If the volume in the right shoulder is greater than the left shoulder, failure rates are higher. Horizontal necklines increase the probability of a head and shoulder pattern completing. The more dramatic the slop of the neckline, the more likely the pattern will fail to develop. Aggressive entries can be taken immediately when the pricebreaks the neckline. Conservative entries can be taken after the neckline has been re-tested post-breakout. If price breaks the neckline, retracements occur almost 70% of the time.
SUPPLY ZONE :- market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time, When demand is greater than supply, prices rise, and when supply is greater than demand, prices fall. The trader/analyst can study the balance between supply and demand by comparing price and volume bars over time. This law is deceptively simple, but learning to accurately evaluate supply and demand on bar charts, as well as understanding the implications of supply and demand patterns, takes considerable practice.
MITIGATION BOX :- When big orders establish there price structure and or ranges within any currency pair, the future order flow is based on certain levels of the preceding trading range. Sometimes critical levels can be over shot due to orders being to strong and or cap levels not being maintained. When price dives deep or sells off into a substantial low breaking previous lows with out reacting or bouncing after the liquidity was targeted, this one time creates thin liquidity normally resulting in a sharp counter move back to the original pointof origin, however if the market makers display interest in the new re pricing range, they may just mitigate there loss or re structure the loss and wind off those previous longs at the point where the liquidity was tapped into below the previous lows, hence mitigation comes into the market forcing price back down from the breaking level using the breaker block zone as resistance.
AUDCAD Broke Out Reversal Structure, More Upside
Hi traders:
AUDCAD has managed to reversal impulse out of the descending channel from the bottom, good signs of further upside.
From my previous outlook, price did managed to continue higher and is now out of the descending structure.
Such a strong impulse move to the upside, naturally price will need to correct in order for another continuation up move.
If price does consolidate and formed bullish continuation correction, it will then give us another opportunity to buy to the next highs.
Thank you
Market Structure ExampleThis Is Just A Schematic Showing The Types Of Trends (RETAIL TRADING)
Here's The Schematic In The URL Below :
The Schematic Shows Components Of An Uptrend
The Schematic Shows Components Of An Downtrend
The Schematic Shows Components Of An Sideways trend (Consolidation)
Patterns Of The Uptrend > Uptrend Channel
Pattern Of The Downtrend > Downtrend Channel
I Hope This Schematic Will Be Of Help To You.
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This Is Just A Schematic Showing The Types Of Trends (RETAIL TRADING)
Palladium Looks Promising for further upside
Hello everyone:
Commodes such as XPD has been pushing up steadily in the last few months, and further upside is very possible.
Here we can see the higher time frame of Palladium. After price made a sharp impulse move, it falls into a larger structure.
With a swing highs and lows, double tops, and reversal bullish price action in the lower time frames to impulse up.
Now price is forming another continuation, watch for this completion as a confirmation for more upside move to the top.
Thank you
AUDJPY Back to Top of structure, wait for reversal confirmation
Hello traders:
Still keeping an eye on AUDJPY, as price has moved up to the top of structure once again.
This time, the larger structure has evolved and create a potential double tops and smaller, lower time frame ascending channel within.
If price can reverse impulse out, follow by continuation, it can confirm more downside move from the overall move.
Thank you
NZDJPY Interesting Development, Still Eyeing the Sell
Hi everyone:
Here on NZDJPY, we are seeing some structure evolving to a bigger consolidation,
but the overall higher time frame to me can still be bearish, as long as the right price action develop.
We can after the bearish impulse phase, price begin to consolidate,
and the bigger, longer the correction gets, the more likely another impulse phase can follow.
We see the latest development has shown a potential H and S pattern, and if the right shoulder can continue down,
follow by continuation correction on the LTFs, then it can push the price lower.
Alternatively, price can move up once more to the top of the larger structure, and if there is reversal price action, can still confirm the downside move.
Thank you
GBPUSD Continue the bearish price
Hi traders:
We are also seeing GBP pairs continue to get weaken, and more downside opportunities are shaping up on GBPUSD.
From my previous GBPUSD forecast, price indeed formed a reversal correction, and a bearish impulse phase pushing the price down.
After, price has consolidated again, this is a good signs of continuation price action once the correction completes.
Watch for more downside setup to the previous lows.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
GBPJPY More Downside, Watch for continuation
Hello traders:
Similar like GBPUSD, we can see more bearish price action from other GBP pairs as well.
Here on GBPJPY, from my previous forecast and analysis, price did indeed push down impulsively, broke previous lows.
After, price started to consolidate and form correctional structure.
This is always a good sign for further continuation price action, if we see more lower time frame bearish continuation .
Be on the look out for further downside, and watch the lower time frame for confirmations.
Thank you
BTC Short Once More Before Big Up Move
Hi traders:
Similar like ETH, I do see BTC is likely to make another short term down move,
to complete the bigger structure on the higher time frames, and resuming the bullish trend.
Price is currently within a consolidation after a bearish move down. ITs likely this can be a lower time frame,
bearish correction to give the price one more move down, to the previous lows on the higher time frame.
The completion of the move will create a larger, higher time frame structure that can potentially resuming the bullish up move from 2020.
So watch for the price to confirm another short term down move, and wait for bullish reversal price action on the lower time frame to continue the bullish trend and bigger picture.
thank you
ETH One More Move Down Before The Big Up MoveHello everyone:
Been looking at ETH on the higher time frame perspective, and its shaping up for some big move to the upside.
Price has been moving down since end of 2021, and it has made several impulses and corrections on the lower time frames to be able to push down the price.
Now we are getting close to previous lows, and higher time frame suggest a bigger consolidation structure is being made.
Very possible we can get the price to reverse at the bottom of the area, and resuming the bullish trend from 2020s.
Watch for price to make one more short term move down, and be on the look out for bullish reversal price action to confirm the bigger up move in the future.
Thank you
CORN Bullish Mid-Long Tern Outlook
Hello traders:
CORN has been moving up steadily since the late 2020, continue to impulse up and correct.
We now see a larger, higher time frame descending correction that has been consolidate for about 5 months
Latest development shows us a lower time frame double bottoms, and price has some LTF bullish price action.
Be on the look out for bullish continuation price action to form, and look for completion of the correction for the buys.
thank you