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Biaschange

When to Change Your Bias 🎯Welcome Back Traders! In this education idea, I explain how to improve your trading bias, by knowing when to change it based on the movement of price action. Please support this education with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like our trade ideas and education content delivered straight to your email in the future. Thanks for your support and help in building the TradingView community. Kind regards, BK Trading Academy
Education
by BKTradingAcademy
12
EUR/USD Looking For A Bullish Confirmation Bounce On SupportLooking at trading EUR/USD. We are on the 4-Hour Chart. As we can see, the price has been pushing downwards recently. Some would say we have broken out of a 4-hour ascending channel. I'm looking at the support around the 1.01 price point. We can see that this area was flipped from resistance to support and has bounced off of this zone every time we have come close to it. Does this mean that it will bounce off of this area again? We cannot assume that if the price touches this previous support level that price will bounce off of it and head back up. We need some sort of tradeable pattern or bullish confirmation entry that will help give us confidence and confluence to enter into a long position. A bullish engulfing candle at the bottom of this support zone would be ideal. We would also need to see strong volume accompany this engulfing candle. If the price breaks through this support zone and closes below, I will then start to look for short setups using that area that would then be flipped from support to new resistance. But we are not there yet. Let's keep our eye on the ball and wait for an entry. If we get our possible long position setup, I would suggest the price area of 1.025 as a good target area as we can see that this area has been respected in the past as resistance. Looking at the daily chart, we can see that the overall bias is still bearish. We have not broken out of that giant daily descending trend line, but on the 4-hour we are still trying to make higher highs and higher lows. This is why I am using the 1.01 price point as the make-it-or-break-it support level. If that level breaks, then we are officially looking for short positions again. Let's keep our eyes peeled. Hope you all have a great day. The Vortex Trader.
Long
by TheVortexTrader
When to Change Bias in TradingHello Traders! Do you ever wonder, "When is the trend ending?" or "When should I change my directional bias?" Many traders find it hard to figure out not only how to choose a directional bias for the day, or how to change their bias if they are on the wrong side of the trade. In this educational video tutorial, I provide simple confirmations to discern when to change your bias and how to look for your next entry! Traders, we would love to hear your opinion and how you determine directional bias. Write in the comments and share with us! Cheers, - BKH
Education
by BKTradingAcademy
5
BTCUSD - Outlook Update 2021.05.25Bitcoin bitcoin bitcoin..... proving to be difficult to analyze as your are to mine. Bitcoin price retested below our old 61.8 App / 61.8 ER area on Tuesday's gap open @39162.10 and has since resisted the need to retest the Daily Bearish Trendline. As stated in my previous analysis, it is believed that we now have a truncated W:e or 5th wave low @31084.40. Should price continue to the upside and break above the 200 DSMA @40452.05 at the time of this writing, it would be logical to expect a continuation to the upside and head for the next target area of Old Highs above 42000.00. As the current leg grows in size we remain with a somewhat Bearish Bias. Should price break above the Old Highs @42459.55 and remain, a change of Bias would be considered.
CAPITALCOM:BTCUSDShort
by AsproTrader
4