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
Structure
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
DX1! COMING INTO YEARLY RESISTANCE ZONESO it has been awhile since I have posted on here. But I figured this could be of some value since it has been a long time since the dollar index has come into this "danger zone" so to call. The nice thing with trading is it's only dangerous if we don't know how to approach the markets. As traders we are the ones that determine our results.
Keep an eye on the dollar index as it comes into multi-year resistance. With the future plans the FED has with continuing to raise interest rates along with a strong previous week of buyer price action, I don't necessarily believe this is coming down this week but keep an eye on for the future to what the dollar does as usually the banks, government, etc. use these levels to determine economic decisions they make.
2 options here. 1st option is that the dollar continues this recent strength up into the top of this zone around the 103 price handle. Then we would have to see what price does from there. 2nd option is that price can react once again in this zone and start a bearish run for the US dollar.
Keep an eye out and lets see how the FED rules the dollar and how the technicals play out!
Cheers!
@JosePips
BTCUSDT wants to retest 40kThe price got a rejection from 45-46k zone from the weekly resistance and created a double top on in.
At the moment the price is testing the last daily support on 38500 before the weekly one on 34k
On the 4 timeframe, the price is trying to have a bounce on that area, so we could see a retest on 40k in the next few days
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
AUDCAD Reversal Price Action, Watch for Buy
Hi everyone:
AUDCAD is currenting in the larger descending structure that have potential to have bullish reversal price action opportunity.
We can see the larger descending structure, correcting the price since the previous bearish impulse phase.
With a few swing highs and lows, price has been consolidating within.
The latest development is showing us a smaller, lower time frame descending channel, and a strong bullish impulse phase breaking to the upside.
Watch for bullish continuation correction as a confirmation to look for the next buy to the top of structure.
thank you
DISCLAIMER:
-My forecast and analysis are NOT financial advice, you should not trade and invest solely on this information.
GBPNZD top of structure, wait for bearish reversal
Hello everyone:
GBPNZD has made its move to the top of the higher time frame structure, and now there could be bearish reversal opportunities.
We can see after the initial bearish impulse phase from the higher time frame, price begin to develop into a larger channel like structure, with a few swing highs and lows.
The latest development shows us a potential double tops, and top of the higher time frame structure.
Its very possible to see price developing into a bearish reversal on the lower time frames, which can validate and confirm the higher time frame bias of the sell.
observe price to wait for bearish reversal price action, bearish impulse down, follow by continuation to confirm the reversal.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial advice, you should not trade and invest solely on this information.
GBPAUD Bearish Development, Watch for Sell
Hello traders:
GBPAUD is currently in a bearish ascending structure that could devleop into the sell confirmation.
We can see a potential double tops, and price has been correcting within a ascending structure, moving up correctively.
What we can expect from the price is a potential bearish move, if price is to break down from the structure, and form continiation ton confirm the downside.
Alternatively, if price moves up one more time to the top, and if there is bearish reversal price action, can still look for sell setups from the top.
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.
-I will NEVER private/direct message you to sell you anything.
EURNZD Top Of Structure, Watch For Bearish Sell
Hello traders:
EURNZD is also showing some bearish price action at the top of the current structure.
WE can see from previous impulse phase has pushed down price significantly, and has now formed into this current expanding structure.
With a double tops, and a reversal bearish impulse, price is showing us signs of bearish price action.
What we can wait for is a bearish continuation correction on the LTFs to confirm the further downside of the move.
Be patient and wait for correction to develop and complete before consider an entry.
IF price break above the highs of the double tops then it will void the sell forecast.
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.
EURAUD Similar Sell Structure, Look for continuation down
Hello everyone:
Similar like EURNZD forecast, we can also see some bearish price action on EURAUD.
After the previous analysis from the Head and Shoulder, price did indeed pushed down impulsively.
Naturally after the impulse phase, price will begin to correct and form correction phase.
We can see with a few swing highs and lows, and a double tops has given the price enough momentum to have the bearish reversal impulse on the lower time frames.
Now that price has commit to the downside, watch for LTFs bearish continuation correction as another confirmation to look for further downside opportunities
thank you
GBPJPY Is It Shaping Up For Another Sell ?
Hello traders:
Last week we have seen some volatility in the market, and looks like due to the current global events that are happening,
we could see some strength in the safe haven currency across the market.
Of course still follow a plan to enter according to your perspective and view.
Here on GBPJPY, we can see price on the lower time frames (LTF) has correctively move up to a double tops and there is reversal price action to push down the price on Friday.
What we can be on the look out for is if price does form continuation correction, it can complete this "M" structure reversal, and confirm further downside of the price.
So lets wait and see this week on how the price can develop on Monday. If price doesn't form bearish continuation and move up, then of course no entry and no trade. Move on to other opportunities :)
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.
NZDUSD Bearish Price Action Still Valid, Still Look For Sell
Hi traders:
Last forecast and analysis on NZDUSD, we did see the bearish push down from the price,
but similar like AUDUSD, we didn't see the price continue down more.
Instead, we see price correctively move up again in a correctively ascending channel.
Latest development we saw some reversal structure within the ascending channel.
Now we can wait for price to commit to the downside, impulse phase down,
follow by bearish continuation correction can confirm the more downside.
Thank you
AUDUSD Back To Top, Watch For Sell
Hi traders:
Last forecast on AUDUSD was able to pushed down the price to the previous lows, but didn't continue down further.
After some corrective price action, the price moved up to the top again.
We see a lower time frame double tops, and an ascending structure, looks clean for a possible bearish reversal again.
Watch for price to commit to the downside with a bearish impulse, follow by continuation before entering.
Thank you
ETHUSDT is looking for a retestThe price had a breakout from the descending channel and daily dynamic resistance after a double bottom on 2400$
On the 4h timeframe, after the breakout from the weekly resistance got a rejection from the 4h resistance and now the market wants to retest the previous resistance as new support on the 0.382 Fibonacci level in order to create a new higher low
How to approach?
The price needs to confirm the flip of the previous resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
NZDCHF Signs of Bearish Continuations
hello everyone:
NZDCHF, also have clean bearish price developing, similar like AUDCHF.
We can see a strong bearish impulse down from the price, and naturally price is developing into a correctional structure.
Now we can see a bearish flag/channel like structure, correcting the price to the top.
A potential double tops, ascending channel are nice reversals bearish price action.
Look for bearish impulse down, follow by continuation correction on the lower time frames to confirm the sells down.
higher time frame:
AUDCHF More Down Side Possible
hello traders:
We can see AUDCHF has been pushing down impulsively, in the last few months,
we can potentially see further downside if we can get a confirmation of this bearish correction.
Price is currently in the consolidation, and looking clean as a bearish continuation flag to go lower.
Watch for bearish price action on the lower time frame and confirmation to sel..
Thank you
WHEAT Is It Going To Reverse ? Wait For bearish Price Action
Hello traders:
WHEAT is also looking clean for the downside reversals.
We can see that price has formed into a larger, higher time frame ascending structure, correcting the price up.
We also see a clear rejection and a possible bearish reversal impulse, after hitting a double tops.
HTF:
Latest development has shown us a bearish reversal impulse after initially breaking to the upside.
Watch for LTF bearish continuation correction, as a confirmation for further downside, if price can develop into.
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.
OIL False Move Up, Can it Reverse ?
Hi everyone:
OIL has been on my watch for the last few weeks, and since the tension between Russia and Ukraine got worse, we did see a strong push to the upside initially.
But, after last week, we are seeing some potential reversals on the lower time frame, which can develop more to confirm the overall higher time frame bias.
Personally I do still see a possible bearish reversal price action on the HTFs, and now its all about confirming it on the LTFs development.
If this ascending structure, can ended up complete its reversal, and a right shoulder could develop within, then its extra confluence to look for the sell setups down to previous lows.
So, be patient and observe the price, if no bearish price action develops, then of course no entry, no trade, continue to watch the price.
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.
CHFJPY Top Of Reversal Structure, watch for sell
Hi traders:
Similar across other JPY pairs, here on CHFJPY is also looking clean for bearish reversal downside.
We can see a higher time frame ascending structure, correcting the price up.
At the top of structure, clean bearish reversal correction as a Head and Shoulder, reversing down the price.
Now that price has formed a right shoulder, continuation correction, watch for sell confirmation on the lower time frames to set the entries down to the lows.
Thank you
AUDJPY Another Sell Opportunities, Wait for confirmation
Hi everyone:
AUDJPY is also showing good signs of bearish price action.
After the initial bearish impulse on the higher time frame,
price has developed into a larger structure with a few swing highs and lows.
We then see a double tops , price reject and a bearish impulse reversal.
Latest development show a continuation correction after the impulse down, good signs of bearish momentum
Look for lower time frame to break down from the correction, and wait for continuation price action to confirm further downside.
Thank you
GBPUSD Follow The Bearish Price Action To Sell
Hi everyone:
Also on my watchlist is GBPUSD, together with other USD pairs on watch as well.
We can see from previous forecast and analysis, price formed that ascending channel, and a clean impulse down from it.
However, price didn't break the lows and continue, instead a reversal up, and form into an expanding structure.
We can then see a double tops, and bearish reversal price action in the making.
Wait for a consolidation to form after an bearish impulse down from the smaller ascending channel,
and wait for continuation correction to confirm the downside.
Look for previous swing lows as potential target if price does commit to the downside
NZDUSD Structure Evolving, Still Watch for Sell
hi traders:
Previous sell forecast didn't develop into further confirmation to sell,
and price has managed to move up now to another previous highs.
This time, price is event better in terms of the bearish reversals.
WE can now see a double tops, larger ascending structure, and smaller ascending within.
The price continue to evolve structure, but higher time frame and bearish downside bias not change.
Now that we have see a strong bearish reversal impulse onw the lower time frame, best to see if further downside can be confirmed,
if price impulse down out of the ascending channel, and form continuation correction.
That would be the ideal next sell setup that can play down to the lows.
Thank you
AUDUSD Back to the top, bearish reversal down
Hi traders:
We have seen a strong bearish reversal price action during the NY session of yesterday,
and now many of the pairs are looking very bearish, and could continue down further.
Here on AUDUSD, price correctively move up to a double tops within a larger ascending structure.
We can see more bearish reversal patterns within as another smaller ascending channel,
and strong bearish reversal impulse, pushing the price action down.
Now is the matter of waiting for continuation bearish price action when price impulse down further, to confirm further downside to he lows.
Thank you
Inverted Cup And handle Entry Here we have Price Hitting a support level for the second time,thus forming this inverted cup and handle Pattern.
Confirmations for the Trade Are 1. Price has Hit a structure zone for the second time indicating that the level is still strong. 2. There is a support level Here. 3. There is a formation of a Cup And Handle Pattern. 4. Price is in a clear Down Trend. 5. (extra)The Tp Will Be at the Retest of A Triangle pattern Previouzly marked up.😉😁
If you learned something from this Idea/Setup Please Like Comment and Follow For More like this.🤑🚀🚀🚀🛸
p.s. Ask me About Rules of Structure Breaks And Trend Breaks in the comments.You won't Be disappointed 😉