Get started

FLAG

EURUSD I Key Levels to Watch this Week!Welcome back! Here's an analysis of this pair! **EURUSD - 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
RDBX ANALYSIS FOR THE UPCOMING WEEKShort analysis of RDBX stock, which is currently trending on high momentum. Stock provides a lot of opportunity but also a lot of risk. Personally i am not going to participate in this kind of stocks, because they are very risky. I hope that my analysis gives you some pespective and knowledge. I am not a financial advisor or anything financial. i am a retail daytrader with some experience and i am sharing only my knowledge and my personal experience. I am not always right and i will never be always right. If you are going to participate in this stock, please do it responsibly and do not gamble. Do not give in temptations and FOMO because everybody is going in without any proper plan, risk and trade management. If you have any questions feel free to ask.
R
by UnknownUnicorn7025460
SPX: Still doing some RANGE TRADING!Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, the index is still inside a range between 4,168 and 4,073, the 21 ema is flat, and its movements have been erratic in the short-term. This is just a consequence of this congestion, and it must either lose the 4,073 to reverse the trend, or break the 4,168 in order to resume the bullish bias. Meanwhile, any correction that brings the index close to the 4,073 is an opportunity to buy, while every time it gets closer to the 4,168 could be an opportunity to sell. In the daily chart, we still see the Double Bottom chart pattern, triggered when the index broke the 4,090 (red line), while we are trading above the 21 ema (which is ascending). In addition, it seems we have a Flag chart pattern in process right now. Since we are trading above its support levels, and we see some good bullish structures, the bias is bullish, unless we lose the 4,090/21 ema. Either way, opportunities to buy have a higher risk/reward at the moment, considering that our target is 4,500. The only thing missing is a good reaction with high volume. So far, the volume has been too low, and the longer it takes to break the 4,168, higher are the chances of a bearish reversal. Let’s keep our eyes open, and watch the key points for now. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my daily analyses.
SP:SPX
by Nathan_The_Finance_Hydra
4
SPX: Just wait for a BREAKOUT - We are still in a congestion!Hello traders and investors! Let’s see how the SPX is doing today! Yes, we are still in a congestion, in the 1h chart, trading between the resistance at 4,168 and the support at 4,073. The 21 ema is flat, another indicator of congestion. Since the previous bias was bullish, the odds are that it’ll continue the bullish momentum, but it must confirm by breaking the 4,168, and in this case, the target is the 4,300. Only if we lose the 4,073 the bullish structure will be frustrated. I added a new pattern in the daily chart, a Flag pattern (purple lines), which is a continuation pattern (most of the time). The key points for this Flag are the same I mentioned in the 1h chart. The index is still above its 21 ema as well, which is pointing upwards right now. The 4,090 was the trigger point of a Double Bottom chart pattern, another reversal pattern. All these structures indicate that the index is in bullish territory, and it’ll remain bullish until it loses its supports or does a clear technical bearish reversal pattern (which we don’t see at the moment). For now, the situation is under control. I’ll keep you guys updated on this every day, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
NZDCAD Outlook for Next Week!Welcome back! Here's an analysis of this pair! **NZDCAD - 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
by BKTradingAcademy
2
Thoughts on EURCHF (Neutral at the moment)This chart is harder to know what the market will do as it is in a consolidation. But, I'll give my point of view of what will I trade in case it gives me any opportunity. There's a flag pattern that inside the consolidation, which is usual and it could be a bearish possibility that is in theory happening at this moment. But the thing is, the market is also near to the break in case this is a double bottom pattern (W pattern) and it will look to go bullish. So I think it is key to see there the market does the retest first. If it goes up and retest 1.0335, I would most likely go bullish. If it goes down and retest at 1.0305, I would most likely go bearish. But it depends on how the market reacts. If you ask me where I'm inclining to believe that the market would go I'd say bearish because it hit first the flag pattern. That's why I recommend to wait for any retest. If not retested, then discard and wait for the consolidation to end.
by pinoso