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50ma

EURGBP It will continue down! SHORT!Welcome back! Let me know your thoughts in the comments! **EURGBP - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
BTC/USD - Is it a Rising Wedge or a Falling Wedge?Quick BTC/USD 1 week chart update: BTC is in a massive Rising Wedge Pattern. BTC is also in a massive Falling Wedge Pattern. At the moment of typing this, BTC is still back above its 200MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its 50MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper Band is curving downwards and the Lower Band is starting to curve around slightly. At the moment of typing this, BTC is still back above its Least Squares Moving Average (LSMA) on this 1 week timeframe. BTC is still in its Descending Pitchfork Pattern above the Median Line and back above its Upper Green Resistance/Support line. It will probably be some time before we see BTC back above the Ichimoku Cloud Equilibrium Zone and back in the Bullish Zone on this 1 week timeframe but that doesn't mean profit cannot be made while the Price is still in the Bearish Zone under the Equilibrium Zone, that is why it's always best to check multiple timeframes for any potential breakouts on those. Looking at the Average Directional Index Indicator (ADX DI), we can see that Negative Momentum has continued to drop with the -DI (Red Line) dropping to 31.45. Positive Momentum has dropped slightly with the +DI (Green Line) at 15.01. The Trend Strength has increased with the ADX (Orange Line) at 32.18 note it is still above its 9 Period EMA (White Line) which is at 28.89. Looking at the Moving Average Convergence Divergence Indicator (MACD), we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line but it has risen sharply with Red Histograms decreasing in size and it looks like we could soon see the MACD Line (Blue Line) crossing back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 10th Jan 2022. For the mid to longterm upside, be on the lookout for a successful weekly close above the 28.60% ($24,314) Fib Re-tracement level and any successful re-test as strong support. For the mid to longterm downside, be on the lookout for a weekly close back under the LSMA and 200MA with any successful re-test as strong resistance. So a Rising Wedge or a Falling Wedge? Which will it be?……. only time will tell. I hope this is helpful with your trading and hodl-ing. Notes: 200MA = Red Line on chart 50MA = Yellow Line on chart LSMA = Cyan Line on chart
BITSTAMP:BTCUSD
by TradingThroughTheLens
6
AUDUSD Will complete "W" pattern - LONGWelcome back! Let me know your thoughts in the comments! **AUDUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
10
GBPJPY Headed Downward 100 pips!Welcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
10
BTC/USD - weekly 200MA is now resistance againA quick BTC 1 week chart update: Note that BTC has closed another weekly candle below the weekly 200MA. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1 week timeframe. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is downwards on this 1 week timeframe. Note that the Lagging Span (Chikou Span) is still under the previous price. BTC is still in a massive Ichimoku Y Wave and it is also in a new Ichimoku P Wave on this 1 week timeframe. BTC is also still in a massive Descending Wedge Pattern. BTC is still well below its Bollinger Bands Middle Band Basis 20 period SMA on this 1 week timeframe. Note that the Lower Band is still pointing downwards and the Upper Band is starting to curve downwards. We should keep an eye on both the 50MA and 100MA on this 1 week timeframe because the 50MA is curving downwards and may cross back under the 100MA. The weekly 200MA is now resistance again so we will have to see if BTC can attempt again and succeed in crossing back above the 200MA and turn it into strong support. It’s always important to have a little patience, do your own research, check multiple timeframes and if needs be, to wait for confirmation like a close above the weekly 200MA and successful re-test as support. From my opinion, if in doubt, a successful close above and re-test as support of a crucial level in whatever timeframe you are trading in is....... crucial. It should be another interesting week. I hope this is helpful with your trading and hodl-ing. Notes: 50MA = Orange Line 100MA = Purple Line 200MA = Red Line
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
EURCAD Analysis I What to Expect this Week!Welcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
AUDCAD Potential Bearish ContinuationWelcome back! Let me know your thoughts in the comments! **AUDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
AUDCHF I Swing Downwards 70+ pips Welcome back! Here's an analysis of this pair! **AUDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
$AFG is leading the financial sector. Is it ready to go higher?Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Breaking out of a base on base pattern of around 8 months * Held up incredibly well as the general market and the financial sector were taking a beating Technicals: Sector: Financial - Insurance - Property & Casualty Relative Strength vs. Sector: 1.15 Relative Strength vs. SP500: 1.16 U/D Ratio: 0.95 Base Depth: 22.15% Distance from breakout buy point: 0.44% Volume 9.09% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out of its base and is still very close to its 50 day line. * If you're looking for a better entry you can look for one around $136.75 * This stock usually has local tops when the price closes around 15.82% above its 50 EMA * Consider selling into strength if the price closes 15.62% to 16.02% (or higher) above the 50 EMA... * The last closing price is 5.02% away from its 50 EMA
NYSE:AFGLong
by HaseebKhan_90
3
Is $PBH ready to go higher?Notes: * Strong up trend * Health care sector showing strength * Breaking historical all-time-highs of $57.9 with a very bullish week * Recently bounced from the 200 Day line and the 10 week line with very bullish price-action Technicals: Sector: Healthcare - Medical Distribution Relative Strength vs. Sector: 3.34 Relative Strength vs. SP500: 1.82 U/D Ratio: 1.35 Base Depth: 22.61% Distance from breakout buy point: -6.66% Volume 12.47% above its 15 day avg. Trade Idea: * Better trade entry would've been on Thursday but you can still enter now as the price is still close to its 50 day line * If you're looking for a better entry you can get in around $59, it's been serving as a pivot point * Manage risk under 57.9
NYSE:PBHLong
by HaseebKhan_90
EURCAD Intraday BUY Set-UpWelcome back! Here's an analysis of this pair! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
1
AUDCAD Headed to the UPSIDEWelcome back! Here's an analysis of this pair! **AUDCAD- Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
12
Still inside a falling wedge on the monthly.I’m not saying this pattern will validate or even that it will reach its full target. However, it is currently in play so I felt the need to post it here. We just recently got a lower low on the weekly chart which could easily confirm the bear market especially if we follow that up with an uptrend that ends with a lower high before it reverses back to the downtrend. We can see the monthly 50 daily moving average (in orange) is waiting just under this falling wedge and is currently hovering around the 20k zone. Seeing a fakeout breakdown from this wedge down to test the monthly 50 ma which is also close to where the weekly 200ma (not shown here) currently is. If one of the 2 or both of the MAs were able to hold support then we saw a bounce back up and a break upward from the wedge, it would definitely increase the odds of us finding away to grab a higher high. Would need to see price action come down to that 14-21k zone to be comfortable thinking the bottom is in. If we break ward without visiting there first then the odds of the breakout resulting in a lower high will then be much higher. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
NOT THE BEST TIME TO HOLD BTC PT.2 Btc continues to decline and some people seems to forgot what the defenition of bear market is. How to know if this is a bear market? 50MA goes below 200MA and price is below 200MA. Simple rules right? Usually it works for 1D charts. And what about 3D charts? Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle of May. Are you ready? As I said earlier it's not the best time to hold btc and other crypto as well. Maybe this time would be different? Maybe, but I would not ignore such thing. Here is what happend after the death cross in 2014 - 55% decline And this is 2018. Quite noticable corrections right? Are we going to get another -50% dicount? Summer is going to be hot 😈
BITSTAMP:BTCUSDShort
by FallingWedge
5
AUDJPY Intraday Short Analysis Welcome back! Here's a potential buy scalp opportunity for KiSS 2.0 Strategy or whatever entry criteria you use. ***AUDJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy