kfrivaldo

kfrivaldo

Looking to short CADJPY after an impulse followed by a pullback. Waiting for the market to continue its downward move.

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1. Market formed an extended M formation 2. Market reverses at 21.5000 zone 3. Waited for pullback 4. then joined the trend 5. Waiting for Market to revisit the neckline

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M + W + Impulse to the upside on D1

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Looking to short once the environment changes to bearish momentum

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COTR shows GBP is in negative territory plus adding more shorts, while USD shows positive Net Position and adding more Longs (over a period of 10weeks or more).

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The last 4 bullish candles are showing weakness as each bullish candles are getting smaller and smaller. A break below the recent support followed by retest of the support-turned-resistance, is a good entry to sell.

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if the correction is about to be end as the bearish pressure starts once again, best to short.

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possible rally after the pullback is completed

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NZDJPY short, ICI on D1? very similar to GBPJY. on D1, the correction is decelerating. If a lower high is form, the bearish momentum may start the next impulse to the downside?

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Waiting to form H&S on D1 and continuation of impulse

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Impulse

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Impulse

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Once W pattern reach 0.62332 area, there is high a probability that it will revisit the neckline. at 0.60000 area. 0.62332 area used to be a previous support and will likely become resistance. If the market shows bearish momentum at 0.62332 area, the target level will be at the neckline at 0.59750

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USDHUF is similar to USDTRY but this has 2 possible pattern. Either M pattern if it will have a deep retracement or a head and should pattern if the market starts to retrace towards 332.000.

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I checked the USDCNH and the price has drop away from the planned trade. However, the bullish impulse formed in W1 TF is still in tact as it retrace in 38.2 Fib retracement so I see a possible long position if there will be another rally on the upside Entry 7.08863 TP 7.1895 SL 7.04855

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strong selling momentum

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selling pressure continues.