XAUUSDHello dear traders. We recently saw that gold has strongly reversed from the 1615 level. I see a break of downtrend structure by forming a new higher low and a new higher high. The Mid-term trend is starting to shift into sideways fading the bearish momentum. Fundamentals due to global status they neglect the bearish bias in my opinion. NFP impacted only for a short-term down retracement. The most feasible continuation seems to be the bullish scenario.
So, I am waiting the retest of the demand zone especially with a Fib retracement confluence of 0.382 or even 0.5. This scenario will be invalid in case a candle breaks below thw 0.618 level. If candle closes below and makes a retest pointing down,
I will reconsider looking for sells.
Continuation
Sell Entry example - Supply and DemandHere is a sell entry example i have put together to show you what i look for in the market when looking for a continuation entry
After an impulsive move in either direction we would expect to see a correction, then another impulsive move. The initial impulse move shows us that a lot of volume has entered the market and for this example that the sellers are in control. When this happens we want to capitalise on the next move down and the best way to do this is to be patient and wait on a correction forming so we can get a good high probability entry.
This can be applied to all time frames as well as buy or sell
EURGBP Bearish ContinuationHello Traders,
Just got a short trade at EUR/GBP pair. After tracking this pair all day made decision to jump in a short position, after price been rejected.
Thanks
XRP Bull Pennant on DailyFlags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I would not enter this trade until the price breaks out of the pennant to the upside, for confirmation. A breakout could happen here, or touch the bottom of the flag once more before going back up. I will keep a close eye on XRP for a breakout, and will have alarms set.
Also my recent idea about BTC volume flow flipping in bull's favour (link below), has me thinking the market is ready to move a bit higher, and I think BTC will hold support at $20k, and move up to the next level, which will give more support to this idea. If BTC falls through $20k before this pennant breaks out, I will consider abandoning the idea altogether.
The stop loss target, set at the most recent swing low is at $44.9 and sits perfectly behind another psychological level. The target is set slightly below the pole height, at $63.8. The pole reaches a bit above $0.65, but I think it will correct hard at $0.65 or even at $0.64. Keep in mind that $63.8 is an ideal scenario where the breakout shoots almost straight up with no faltering. If we have signs of trouble along the way I will not hesitate to sell, even somewhere in the mid 50s.
I've been enjoying some market success, but I am a fairly inexperienced trader so don't go copying my trades. None of this is advice, just my idea.
EURUSD - Bullish Momentum IdeaThe US dollar has fallen from its highs, so now I am looking for a continuation higher for the EURUSD.
BNS possible continuationWaiting for a possible second leg up, or small scalp only. Watch levels on the chart.
Good luck traders
Descending Triangle on CAD/CHF @ H4This descending triangle pattern on the 4-hour chart of the CAD/CHF currency pair offers an opportunity for a short trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line denotes my take-profit level. I will set the stop-loss level to the triangle's highest point (0.73051) marked with the red line. I will ignore bullish breakouts from this trend continuation pattern.
GBPCAD I Structure Trade I Short from Resistance 200 PipsWelcome back! Let me know your thoughts in the comments!
**GBPCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCAD / SELL ZONE! CONTINUED SHORTSNot a lot happening across the board in terms of getting into new positions, this is one of the only ones I'm looking at taking a position on. GBPCAD if we see a rejection around 1.48000 ill be taking shorts to hopefully catch the continuation move to push towards last weeks lows.
RUSSELL 2000 IWN is approaching a key levelIWN as shown on the weekly chart has been obviously in a downtrend as also shown by
the EMA ribbon.
Using the uptrend from the Covid crash into November 2021 and then a retracement from that,
IWN is approchaing the 38.2 Fibonacci level at 128
From there it could bounce up or continue the downtrend.
The Mass Index being below 27 suggests a continuation before any potential reversal.
The MACD indicator shows the MACD in blue crossing down on the signal in red.
This also suggests more downtrend.
All in all, this analysis is bearish on the Russell index and its ETF.
SPX +FVG failure I'm usually looking for my trades between 7am-12pm. Initially was looking for a BUY but the sell setup took over and I needed to remind myself of what it looks like when a +FVG.
Bullish POI, where I would normally be looking for a BUY entry and target the last highs made.
Price traded through the Bullish POI, a +FVG, then we traded retested the lows of it and continued to fall from there.
SPX
No trades tomorrow!
GA 4H Bearish Continuation Idea 9/18/22Looking for price to continue bearish. Price may break slightly below the previous day low and shoot back up to the top of Friday’s body before dropping back bearish.
OR
Price could just continue bearish from where it is now and break straight thru the Daily consolidation zone that it is in
USDJPY It will keep growing! LONGWelcome back! Let me know your thoughts in the comments!
**USDJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
maybe this is an intermidiate bottom, and perhaps notbtcusd is in the throes of a love affair with a low dollar. since dxy has made its move, and inflation has peaked withthe news of a more hawkish monetary policy, a lower dollar means higher bitcoin. its convenient that the higher we go in major indices bitcoin seems to follow suit with even more bullish action. if this is atill a bear market for indices i would bet its still a bear market for bitcoin. if dxy goes higher ill sell btcusd and gbtc. if we get over this pivot im interested in upper horizontals as long as trama is rising and sss signal green/qqe long. it could follow the green path. if we stay below this pivot, and sss signal goes red/qqe short im interested in lower horizontals. it could follow the red path.
EURCAD Here's the plan for 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.
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BTC - Market Structure 101Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
BTC has been overall bearish for a while making lower highs and lower lows. and as mentioned in my previous videos, we knew that the bears were exhausted as the impulse movements were getting smaller in size.
Last week, the bulls took over by breaking above the last major high market in red.
So now the momentum is shifted from bearish to bullish. Of course this is just from a short-term perspective. As BTC is still overall bearish from a long-term perspective.
As per market structure 101, we are now expecting a correction and then we will be looking for buy setups on lower timeframes as a trend-following setup.
Our closest rejection, where the bulls might kick in, would be around the previous major high (red zone)
As BTC approaches this zone I will be looking of any bullish reversal setups on lower timeframes (like double bottom, trendline and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bearish ETH outlookWith a bearish flag forming on the 1D timeframe and RSI at ~95, it is looking likely that ETH may drop back towards $1420 and $1275 levels should price drop out of the bearish flag formation.
Not financial advice
USDJPY - Bullish Trend Confirmation We've been calling for continued longs here on the USDJPY pretty much all summer (since June) given the confluences on both the technical & fundamental side of things. Our recent pullback trade is working pretty nicely & since we just put in a new structure high (confirming the bullish trend) this week, I wanted to revisit the trade as it setups up for fresh opportunities.
In a continuation trade, each time the trend is confirmed, I like to call it a "fresh break" which essentially means it resets the opportunity to trade. For those already involved this would mean confirming their position & opening the door to risk management tactics & for those who missed it the first time around another chance to get in.
My projection higher still remains at a large zone between 143's & 148's. We currently have a nice level of confluence having structure, an ABCD pattern & a 127 Fibonacci extension level lining up at the lower end of that projection making it the safer choice in my opinion.
If you have any questions about this idea please let me know in the comment section below. And of course I would love to hear your views as well.
Akil
USDJPY I Will Keep GROWING! LONG Welcome back! Let me know your thoughts in the comments!
**USDJPY - 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
EURGBP Correction Continuation - LONG!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.
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there is nothing stopping this trainwreckthe nasdaq and big tech are tanking, and theres little in the way of this slide lower. as i said on friday the fed seems determined to punish the leaders of this bear market, pushing it even lower. many targets that would normally be sensible are simply out of reach, which is why i have widened the horizontals just about as far as they could concievably go.
KNC - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KNC is overall bullish trading inside our red channel , so as mentioned in my previous video idea (highlighted on the chart), we will be waiting for KNC to approach the lower red trendline to look for buy setups.
Now KNC is approaching the lower red trendline but we will not buy blindly. We always wait for the bulls to take over first.
KNC is forming a channel in orange.
Trigger => waiting for a third swing to form around the upper orange trendline to consider it valid and then buy after a momentum candle close above it. (projection in purple)
Meanwhile, until the buy is activated, KNC would be overall bearish can still trade lower inside the gray zone before trading higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDJPY SHORTLooking at the bigger picture, USDJPY is in a downtrend for now and has been creating Lower Lows and Lower highs.
The downward move should likely start anytime to continue further down breaking the Higher time frame Lower Low to create a new one. Come UsdJpy, show us what you got. I have made my Sell entries. Catch you on the flip side.
