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Impulsecorrectioncontinuation

Cardano (ADA) goin shortHi everyone. today we're going to be looking at ADA. price currently broke support zone with a bearish impulsive move. and we all know after an impulse, we see correction, and ADA price is currently in correction phase forming an ascending channel. this ascending channel acts a retest on previous support now resistance, and I expect to see a bearish impulsive move to the downside after the breakout of the channel. conclusion: ADA is going short. Disclaimer: I don't predict the market movement, I react to it. if you like my analysis please don't forget to like and follow to get updated anytime I make analysis. Thank you :()
Short
by Sheezeysignals
Weekly outlook CHFJPYhi guys. today we're going to be looking at CHFJPY. firstly HS pattern was formed on a LTF and its close to a resistance level. and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week. Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over). trade carefully and remember your risk management. have a great weekend :)
Short
by Sheezeysignals
How to Trade Price Action Daily!Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) . Key things to Remember: When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction" The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves to Finish its correction) The Best way to follow This Method is if the following conditions apply. Conditions - 1. Look & Find a Big Impulse On bigger Timeframes (Weekly, Daily or 4Hours) 2. Wait for The Market to Finish its Impulse (You will notice the market starts to move the opposite direction to the original Impulse) 3. Pull Your Fibonacci From The Start Of the Impulse to the End of the Impulse Aka ( From high to low = Sell OR Low to High= Buy) 4. Be Patient and wait for the Market to Reach the Aka Strong Levels (61.8 Or 32.8) OR Which Ever is Better Align With Good Structure! 5. Once you Have a smaller Timeframe break of structure or Momentum Change (You will look for an Entry Based on Market Environment + Structure) 6. Enter Your Trade Preferably of 1hOur Or 4hour Timeframe (whichever has given confirmation mentioned in point 4) 7. Always Use Risk Management / 1% Risk to Trade Entries using this Method 8. Patience is the Key to Success! Let Me know if you have any Questions or Comments Below! Your Support Is Appreciated! Happy Trading & Goodluck! See You in the Next Educational Video! Global Fx Education
Education
by Global_Fx
EUR/JPY Full AnalysisGood day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an "W" Formation and we and we already started new impulse and broken previous High . Weekly : We also have an overextended "W" formation as well and we completed the pattern. We should see a continuation to the upside. Daily : We have a formation of a new "W" pattern and we will be placing our entry at the neckline of this W formation and wait for the market to shift from a bearish market to a bullish market on lower timeframe to execute the trade . COT : Institution have been decreasing net positions in JPY since they closed more than 8500 long positions and added to 1100 Short position during the last report. From an EUR perspective hedge funds added more longs positions than shorts and this explains the fact that there will be a lot of buy limits on this pair and then support our idea of correction in the market. 8H: We are currently super bullish and we will be monitoring price action around the Entry area for the environment to shift from a bullish to a bearish environment so we can execute our entry for a good R:R trade setup. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. You can also leave a comment and let me know which pair you'd like me to analyze in my next idea. Trade safe !!!
by TheDayzen
1
GOLD to the Moon 🚀🚀🚀Good Day Traders !!! We just rejected for the third time this strong level of support around 1855-1853. We expect gold to start his impulse to the upside since we can clearly see that on the Daily we clearly tested almost all the level of the fib retracement during the correction and we expect to see a continuation to the upside. Also from an institutional perspective I can see on the last report from the non commercial institutions a massive number of long position added as well as a big amount of short positions being closed which can mean a strong gold during this week. Now if you enjoyed this analysis smash that like button and share !! If you have a different opinion I would love to hear about it in the comment area. Trade safe !!
OANDA:XAUUSDLong
by TheDayzen
2
USDJPY - TWO opportunities - correction then longUSDJPY On the weekly timeframe market has rejected support and formed a new higher high breaking the bearish strucure, on the daily market has made a new HH forming this inverted head and shoulders and made a impulse to the the upside breaking the daily downtrend. After a impulse you can expect to see a correction, also on the daily TF we have this W formation in which we expect the market to complete this pattern at the neckline, we could look for a intraday short to catch the corrective move if all entry rules are met on a the lower timeframes, then look to capitalise on a big swing move to the upside to form a new higher high from a daily perspective. (All of rules have to be met first before we can take any position based on this analysis)
Long
by BullmarketFX