Bitcoin - Crash AFTER the Fed meeting or Impulsive growth?Looking at this chart, we can see 3 strong and very important MarketMaker trading levels
Everything that is between levels 41.350 - 43450, I evaluate as a flat channel (accumulation / distribution)
Given the structure of the market, as well as the fear of buying now, I expect trading in this range, with an exit to the top.
And it is more logical for me to work in a long position now, with a short stop loss under the level of 41350
I plan to open a position at 42000 - 41800 - 41550
(1% of the total deposit for each pending order)
The ratio of Short/Long positions is 51/49 in favor of short positions.
I will add that the H4 Timeframe trend has now turned from support to resistance.
All markets opened in red, making all think we can finally see $39/41k, D1 trend, and retest 38500-40000
EMA H4 200 could hold, At this point it seems a bit "too optimistic for most traders"
But I do not think so.
Now everything looks on #long
The only time I will consider going short is if the price closes below 41500 on the 4H and 8H timeframes.
Impulse
EURUSD Analysis Welcome back! Here's an analysis of this pair!
**EURUSD - 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
EURCAD Impulse Correction ContinuationWelcome back! Here's an analysis of this pair!
**EURCAD - 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
SAND Bullish Price Action Outlook
Hello traders:
Beginning to see many of the crypto pairs are having good bullish price action on the lower time frames that could lead to more upside move in the weeks to come.
Here on SAND, after the strong bullish impulse up, price naturally form into a bullish continuation correction.
With a few swing highs and lows to create the current flag structure we are seeing here, and within, a descending channel which reverse the price up.
Now that we are at the top of structure, best to wait for the impulse move pushing price out of the flag structure,
and form continuation correction as a confirmation to look for entry.
Alternatively, if price doesn't right away push up, one more move down to the lows of the structure is still possible,
and if there is bullish reversal price action at the bottom of the flag structure, it can still validate the potential buy if reversals form.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
Weekly Trade Recap: AUDJPY, NZDJPY, DOW, AUDCAD, 02-05-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
AUDJPY: running about +1%
Full analysis/forecast:
NZDJPY: running about +1.5%
Full analysis/forecast:
DOW: closed down +0.5%
Full analysis/forecast:
AUDCAD: -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
NZDJPY Continuation Sell Setups
Hello traders:
NZDJPY has potentially develop into another bearish correction that can help the price to push down further.
WE can see from my previous outlook, price did indeed had the bearish impulse down from the ascending structure, and a clean impulse move down.
After a strong bearish move, naturally price will correct, which is the current correction we are seeing right now.
Price is rather correctively and has formed a potential double tops and with few swing highs and lows. There is also an ascending channel within the structure.
Be on the lookout for bearish reversal price action at the top of structure, and look for sell entry down to the lows.
Thank you
AUDJPY Head and Shoulder, Bearish Price Action to sell
Hello traders:
Just like the previous analysis I share on NZDJPY, AUDUSD, they are have the similar bearish development.
Here on AUDJPY, we can see a clear higher time frame Head and Shoulder Pattern.
Price formed the Top of the Head, and strong bearish impulse phase down.
Naturally after a strong move, price begin to correct and form into an ascending structure, right shoulder.
Latest price develop another reversal correction within the right shoulder, and a strong bearish impulse on the LTF.
Look for the continuation correction to form on the LTFs, and watch for the next bearish impulse down.
Thank you
GBPUSD Continue the Sell, no reason to stop :)
Hi traders:
From my last GBPUSD forecast, price indeed push down as expected from the bearish reversal price action.
We see strong impulse down from the double tops, ascending channel, H and S all give us good confirmation for further downside.
Personally I update in my live stream that I took a sell for 3.5:1 RR, and exit the trade before the previous lows.
I wanted to see if price has enough momentum to break the previous lows, and want to see how FOMC will be on Wednesday.
After the new event, we indeed see further downside of the price, breaking the lows of the ascending channel.
Now would be good opportunity to look for further sell setup, if price can correct and form continuation correction. This will confirm another downside move to the next lows.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me (Jojo), my channels/platforms (Aeris Trading) to scam people.
-Be very careful as I will NEVER private/direct message you on telegram, or other messaging app first to sell you anything,
such as signal, VIP channel, subscriptions, automated trading, mentor/coach/courses…etc
-Be alert of fake and scam telegram channels/groups/platforms using my name (Jojo) and channel/group name (Aeris Trading) to show you unrealistic results and profits to sell you scams.
If you are not sure of the authentication of any messages, please contact me via official platforms in my Tradingview profile and signature section.
EURUSD Is Bullish On Intra-day - Elliott wave EURUSD is in a five-wave intra-day rally on the 15min chart. This impulsive move up suggests a minimum three-wave recovery, with red wave a leading the way. At the moment price can be unfolding sub-wave (v) of a, which can look for resistance at the 1.128/1.13 region, and then turn into a bigger red wave b correction.
Both alternate counts suggest a flat to be in progress: ALT 1 suggests a potential top for a sub-wave (v) to be in place, and an a-b-c move to be underway, towards the 1.123 level, before more upside can follow.
ALT 2 suggests a flat to be in play for a sub-wave (iv), and a retest of the 1.123 level, before we may see sub-wave (v) unfold to the upside.
GBPJPY Fail to continue higher, watch for bearish development
Hello traders:
Also looking at GBPJPY and other JPY pairs for further strength.
We can see from the higher time frames that price has hit a double tops area, and no further bullish price action has formed.
Instead, price develop into an expanding structure, and a recent double tops within.
Price did initially had a bullish impulse phase on the lower time frame, but after hitting the highs, no further bullish continuations, instead we are see bearish reversal
Now that price is dropping and potentially reversing out of the structure, watch for more lower time frame bearish development as a confirmation for downside.
Look for bearish continuation correction as a confirmation before you decide for entry down to previous lows.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me, my channels/platforms to scam people.
Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money.
Be alert of fake and scam channels/groups/platforms using my name and channel/group name to show unrealistic results and profits to sell you scams.
Emini Elliott Wave Possibilities. Right now the Price Action is hitting many markers for an impulse move from the High. All of the notes are for the bearish impulse down, but time is running out for this sideways Wave 4 move, its getting a bit big in relation to the Wave 2. A break above 4478 would have me a bit suspicious if it is still a valid impulse, though 4572 is the official invalidation. Indicators are pointing towards a possibility of more down as well. A price drop below the current low with divergance on the indicators, would lend toward the possibility of a completed impulse and a move up. MO
AUDUSD BUYWelcome back! Here's an analysis of this pair!
**After the strong bearish impulse move, it appears that banks have taken out liquidity at support (6970) and we can expect a bullish correction to follow.
Recommended stop away from structure level or 1-2% of your total account balance, tp's 7015, 7035, potentially 7080.
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 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
GBPUSD - SHORTThe price has reached Supply Zone. A Bearish Harmonic Pattern has been formed. Strong Sell!
GBPUSD - SHORT
ENTRY PRICE - 1.37420
SL - 1.38470
TP - 1.34880
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
WHEAT Looks Promising - Elliott waveWHEAT (MAR 2022) made a textbook example of an impulsive (five legged) wave, down from 831 high, and found a potential low for a higher degree wave A or 1 at the 774 lvl.. Price can now be in a temporary, corrective retracement labelled as an a-b-c flat of a higher degree wave B or 2. Possible resistance is at fib. ratio of 0.382/0.50.
In case if price starts dropping impulsively through the lower corrective parallel channel line, and below the 774 low, then we would consider a completed correction in B or 2, and further weakness.
NZDUSD Look to continue bearish price action
Hi everyone:
Looking for further bearish development on NZDUSD as the USD continue to gain strength.
We can see after the initial bearish impulse down, we see a larger, flag like structure.
Price has been consolidating within, and looks clean for a possible continuation downside align with the higher time frame perspective.
We can see now price is currently at the bottom of the structure, what we want to see is a clean impulse out, follow by lower time frame continuations correction to confirm further downside.
Alternatively, price can still make another move up to the top of the flag structure, and if there is reversal price action at the top, still look for sell if it confirms.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me, my channels/platforms to scam people.
Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money.
Be alert of fake and scam channels/groups/platforms using my name and channel/group name to show unrealistic results and profits to sell you scams.
GBPUSD Watch for Bearish Reversal From the Top
Hello traders:
Here on GBPUSD, we can see price initially pushed up from the descending channel that I originally forecasted in the previous idea.
Price has now hit the previous swing highs, and at one point was looking like it will breakout and continue upside.
However, at the top of the price action, instead of bullish continuation on the lower time frame,
what we saw is a clean Head and Shoulder reversal, and price had a reversal impulse down.
To confirm this bearish reversal, would be nice to see the ascending channel complete, and price impulse out,
follow by LTF continuation correction to confirm the sell entry down to previous lows.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me, my channels/platforms to scam people.
Be very careful as I will NEVER private/direct message you first no matter what.
Be alert of fake and scam channels showing unrealistic results and profits.
EURUSD False Breakout, Watch for reversal price action
hi everyone:
Similar like what I point out in GBPUSD, we can see EURUSD is also showing signs of possible bearish price action.
Last week we we ended up see some short term bullish up move during mid week, breaking above the previous structure, and was looking like it will continue higher.
Instead, what ended up with a bull trap, where price broke up, but no continuation bullish price action, instead a lower time frame reversal, and price impulse down.
These are great development as it shows a false breakout, and potentially a bearish reversal from the top is very possible.
Now we just need to wait for a bearish continuation correction on the lower time frames to confirm this downside move, and look for sell down to previous lows.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me, my channels/platforms to scam people.
Be very careful as I will NEVER private/direct message you first no matter what.
Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.
WHEAT in leg v of a bearish turn - Elliott waveWHEAT is trading in a five-wave decline for a higher degree wave 1 or A from 831 high. We also see that price broke below the lower corrective parallel channel line, which is a confirmation that a temporary high is in place, and a change in trend underway.
At the moment we are tracking a sub-wave v of 1/A, down from 795 lvl., where a corrective sub-wave iv had ended (fib. ratio of 0.382 and 0.50 reacted as resistance). Sub-wave v can reach area near the 776/771 lvls., before an a-b-c move for a bigger 2/B correction may follow.
WHEAT turning bearish for a lesser five-wave move - Elliott waveWHEAT (Mar 2022) is trading as expected, turning in impulsive fashion down from 831 high of a former higher degree wave C. We labelled a five-wave move in progress for a higher degree wave 1 or A; sub-wave iv correction can now be underway, with possible resistance at the Fib. ratio of 0.382 or 0.50. Also the upper side of the lower parallel corrective channel line can react as resistance, and the former swing high of a wave b (796'2 lvl.). A sharp break below the 782 lvl. would suggest a completed minor correction and sub-wave v underway.
An impulsive fall, followed by a break bellow the lower corrective parallel channel line indicates a bearsih turn on the intra-day chart of wheat.
S&P500 Targeting lower levels on intra-day chart - Elliott waveS&P500 has turned down yesterday from 4453 lvl., near the area of Fib. ratio of 0.382 and 0.50. Also the lower parallel channel line reacted as resistance (orange). Further bearish, impulsive move below the former swing low at 4287 would indicate a completed wave (4), and wave (5) to be underway, targeting 4211/4160 area in a five-wave sub-structure.
USDCAD Higher Time Frame Bullish Outlook
Hello everyone:
USDCAD's higher time frame is looking very clean for further upside opportunity in the weeks/months to come.
After the initial bullish impulse phase from 2016, price falls into this current large parallel channel structure on the higher time frames, with a few swings highs and lows.
We can clearly see a few corrections and impulses within this larger structure, which makes it a good sign for possible continuation from the previous impulse phase.
We can also see price has created a double bottoms and there is reversal price action form the bottom of the HTF structure, a nice reversal impulse up move from the price.
On the lower time frame, after the reversal impulse up, We can see a continuation correction to give us a good confirmation for further up move.
IF the LTF correction breaks up further, and expect further upside if bullish price action continues.
Thank you
What's your view on the USD ? Bullish or Bearish ?
Hi everyone:
What is your current view on the USD ?
There seems to be an fairly equal amount of buyer and seller point of view and bias on whether the USD will continue gain strength or possible reverse and become weak.
Many different opinions, different view points based on fundamental, technical and more.
All could have their good valid points. So, lets take a look at what I see from all these from a technical point of view ?
Here is my personal point of view at the current price action development. I will show what could be a view possible scenarios of the USD based on price action analysis.
After the previous bullish impulse phase up, price since November 2021 has been consolidating within this correctional phase.
As we know how the market tends to move after a consolidation period, its likely to resume an impulse phase, but whether that can be continuation, or reversal is the tricky part of price action analysis.
Last week, we saw mid way through the week price has push down impulsively, broken out of the original structure most of us saw at the time.
But came Friday, when price had a bit of sharp reversal on the lower time frames.
At this point, its whether to determine the USD is now reversing to the upside on the LTFs, and potentially resuming its bullish trend from previous impulse phase.
or
price is just having a quick pullbacks, but if consolidate and form correction, could still possible resume the downside reversal trends.
Time will tell and give us a better development of the price, then it can confirm the bullish continuation, or the bearish reversal of the USD.
Personally, my bias is more looking for upside, bullish continuation.
So I do want to see whether the LTFs can form bullish price action and continue to push the price and eventually complete the correction to go higher.
Welcome to share your analysis, view point, and opinions. :)
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what. Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.