GBPNZD I Trade Plan for THIS WEEK! Welcome back! Here's an analysis of this pair!
**GBPNZD - 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
Impulsewave
DXY 3000 PIPS SHORT ANALYSIS We're in wave C of micro wave 4, that is the correction wave of wave 4 which contains three waves (ABC correction waves) based on my previous post. Price gave us an impulse move down to 103.1730 level and corrected. As for now, am anticipating that price will continue its movement to the down side after the wave B completion.
However, price made a correction up to 78.6% fib level from the previous 4H high to the previous 4H low. Therefore, we accept its as one of the confluences that price has reached exhaustion point. For a safe entry, look for break of that red trendline and a pullback, then you can enter. Target will be 101.8320 level, that will be over 3000 pips down. Let's see how the market will play out this week. Stay blessed...
LUNA $100 TARGETJust like the previous SUSHI post, LUNA is on course for a First Wave Extension impulse wave
Target is $97-$121 to complete the third wave, after which a slight retracement to the $54 levels ($38 if volatility is high)
and back up to $150 to complete wave 5.
Expect price to return back to Wave 2 correction in the case of a bear market.
The above statement could result in a larger Wave Degree being formed.
EURJPY | New perspectiveEuro appears to be grinding as we continue to witness the oscillation of price action right above the identified key level at the 137 area.
In this regard, I have identified a demand zone below the key level as a yardstick for a bullish momentum going forward.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD | New perspective Following a sharp decline since mid-April 2022, the Gold prices rallied 1% on Friday on the back of a retreat in the dollar, but the yellow metal was set to end the month lower on bets of aggressive policy tightening by the U.S. Federal Reserve.
In this regard, I am having two possibilities of a counter-trend and trend continuation set-up which are duly explained in detail in this video. However, market open will determine what option we will be leaning on as I shall do an update in the comment section of my tradingview account when confirmations arise.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
The final wave is coming, huge profitOn daily chart
Loopring has completed four waves at 0.63 after that, LRC's rally.
Right now, the lower impulse wave is progressing. Target is 1.8 in short-term
LRC's high volatility, which suit to trade in lower timeframe.
LRC is still in ascending parallel channel with strong support below 0.63. This range is a good zone to entry for short/medium/long-term.
What next, wait and see.
Double Lower Top Coming?Chart says it better than I can. Moving up from oversold. NFLX put a damper on it but that won't last long imo. Move above 4480 is bullish, eh?
Take a look at Dec 2018 for the pattern. Double top at a lower high after decline from ATH, before the massive selloff.
The projection as shown is for an EW impulse. Might get it, might not. See what we get! No position atm, watchful waiting.
GAS IS UNSTOPPABLE! NATGAS / WEEKLYWe have been forming this structure since the middle of 2021. Impulse finishing soon at 7.xx. You can catch this last wave at intermediate correction that we could expect soon. Around 5.000 would be a good entry.
Goodluck all.
GBPCHF Impulse Correction Continuation Welcome back! Here's an analysis of this pair!
**GBPCHF- Impulse leg on daily and 4 hr. followed by corrective wave/bullish flag. If we get the breakout, our target is 2400 zone (previous resistance).
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
NSDCAD Analysis I Impulse Correction Welcome back! Here's an analysis of this pair!
**NZDCAD is on its second push impulse wave, thus I expect a correction from previous resistance near 8760 area. It may return to support at 8708 or 8665, and then rise back to resistance 8760, and next stop 8920 zone.
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
BUYING SUSHI UNDER $6 FOR HUGE GAINS🌙⚡Evening fellow Traders!
Today we will be considering the trading pair SUSHI/USDT
Right from November last year, SUSHI started an uptrend (Impulsive move) to gain 4000% increase in price up until march earlier this year when it was due a correction.
The Correction so far has been an impulsive ABC correction, spanning at least 266 days and also serves as accumulation phase.
Judging by the I impulse wave growth and that the correction stopped just under the .382 retracement level, we can say the is a First Wave Extension.
Should this be the bottom, Price targets for the III impulse wave is at least at a $100 dollars.
Enter with stops just below the 0.5 retracement level for invalidation reasons and target
$60-$65 as the first target and $100-$104 as the 2nd target.
NOTE: DURATION OF TRADE MAY BE INACCURATE.
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.
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Brian & Kenya Horton, BK Forex Academy
GBPUSD providing a Good Buy SETUP 500+ pipsI think this pair will push to the upside, conversely to the target marked down on the chart. we have change of character and a violation of structure to the upside, market is still accumulating and building enough liquidity to commence with the next move and ultimately target liquidity above high of day swing level as I anticipate. Good luck!
EURUSD Selling Pressure Coming SoonWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
**Listen to Video Analysis on EURUSD!
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
CNXMETALMetal index is showing good moves after budget along with Elliot wave counts. Possibly wave i & ii of 5 is completed, and possibly wave III of 5th is started.
Wave Structure could be like this
Macd in daily
Macd in hourly
Rsi in hourly
Bollinger band challenged in hourly
Dmi adx also positive
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
I BOUGHT MORE QTUM (POTENTIAL 10X PLAY)Welcome back to our QTUM analysis Series
In our first analysis, we pointed out buying zones for a potential bottom as shown in the chart below
A month later we updated that idea after a few buyng zones were met
Now in this analysis, we are analyzing afresh, with a different view.
In our two previous analysis, we drew 2 trendlines that price continued to respect, as shown below
Now resting the last trend support which was created when the overall impulse move was initiated, we can see that we are currently in a channel, one which has a target of at least $80-100 dollars depending on how soon we test resistance again, and aligns with our 5th wave top coming in at the 1.382-1.618 fib resistance eventually.
Previous ideas are linked below.
Added in another trendline running across the chart for a potential rejection and a take-profit zone. That way, we can have the growth of wave 5 and 1 almost equal or closely related if we don't get $80, even though it would still technically be shorter than wave 3
Should Bitcoin decide this isn't it's bottom and take another dive, we will most likely retest the $4 support before a move to the upside.
If you agree with this, pls leave a like and your thoughts in the comments section.
As always, feedback is appreciated.