jojofang0901

jojofang0901

So similarly, AUDJPY has the similar sell price action like CADJPY. Its important to understand currency correlation, and why we need to choose the best 1 or 2 pairs of the same currency to enter. IF JPY is going to get stronger, then likely all the JPY will move. But if we are wrong on our analysis, all the JPY could reverse. So its in our best interest to...

jojofang0901

Hello traders: CADJPY is looking very nice for some short term bearish continuation sell. We can see on the mid time frame, price has created a double tops, with a bearish reversal ascending channel correction. Indeed price has impulse down from the correction, and now on the lower time frame, is consolidating. This is a good sign we can see more downside...

jojofang0901 Updated 

Hello everyone: Most of the time I only focus on technical side of things, but this time I will go over both the fundamental and technical of Silver for the long term. Silver was only trading around 8-9$ around the 2008 market crashed, and peaked at 50$ in 2011. IT had slowly but surely dropped down to the lows again around 13$ in end of 2015. Understand...

jojofang0901

Hello everyone: Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside. After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal. At the of the week, some bearish price action has begun on the lower time frame. Be interesting to see...

jojofang0901

Hello traders: GBPUSD is currently at the top of its higher time frame correction. What's interesting is price is showing signs of bearish price action at the top, with bearish reversal development. This week be on the look out for, bearish impulse phase on the lower time frame to kick off the reversal momentum, a and wait for continuation correction to confirm...

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jojofang0901

Hello, sorry I wont be making the live stream this week, but I will quickly go over what I see for the week ahead. At the end I also address some of the questions, inquiries I receive during these few weeks. Thank you

13:01

jojofang0901

Hello, sorry I didn't make it to the live stream today, but I will quickly go over what I see for the week ahead. Hopefully I will make it for the Wednesday Live Stream Market Updates. Thank you

jojofang0901 Updated 

Similar like NZDUSD, we can also expect a bearish development on NZDCHF. As usual, after an impulse phase, price formed a continuation correction to correct the impulse. From the correction, there is a confirm impulse push down the price. This is good confirmation of bearish trend. Now price has form another smaller correction, watch for price to break out...

jojofang0901 Updated 

Hello traders: Here on NZDUSD, we can see price is currently consolidating in a possible bearish correction structure. After the initial bearish impulse move, the price fails to break the previous swing highs, and begin to form the current correction. This is usually a good sign that the bearish momentum is still strong and more continuation is very...

jojofang0901 Updated 

From previous outlook and forecast, we can see price has indeed pushed lower impulsively on the mid time frame. Now we can see price has already break previous lows, and start to consolidate again. This is good sign for more downside from the price, as long as a continuation correction is formed here. This week, wait for the correction to complete, to confirm...

jojofang0901 Updated 

Here on S&P500, price has completed a larger continuation correction on the larger scale, and lower time frame is showing more bearish price action. What we can see now is the price has clearly move down in an impulsive phase on the latest development since last week. This is good sign for more bearish price action this week. For now, its best to see if...

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jojofang0901

-Price action analysis & forecast, updates for the week -Q & A

63:18

jojofang0901

-Price action analysis & forecast on trade opportunities for the week ahead. -Q & A

jojofang0901 Updated 

USDJPY has been pushing down since it hits the previous highs to form a double top. With a ascending channel correction, price indeed reversed down impulsively, and form continuation correction along the way. Bow that we have push down more, and another consolidation has formed, usually give us a indication of more downside opportunity. Wait for current...

jojofang0901 Updated 

Here on EURJPY mid time frame, we can see the price has clearly impulse out of the MTF corrective structure. With a strong bearish impulse phase, we know price will need to correct in order to continue lower. In the last 2 days price has slowly been consolidating in the latest development, good sign for further downside if correction completes. Wait for lower...

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jojofang0901

-Price action analysis & forecast, updates for the week -Q & A

jojofang0901 Updated 

EURUSD is shaping up for more downside opportunities as the price action is showing very clean bearish development. After the double tops, price begin to reverse from the ascending channel reversal. With bearish price in the lower time frames. WE can see price has finally impulse out of the structure and formed a continuation correction, also formed a Head...

jojofang0901 Updated 

Looks like NZDCAD could potentially develop into the next bullish up move on the lower time frame. From the previous, impulsive phase on the higher time frame, price begin to form into a larger consolidation, correcting the price. With a few swing highs and lows, we see price finally create a smaller descending channel within the larger correction. This is a...