EURCAD Analyis Welcome back! Here's an analysis of this pair!
**ERUCAD - 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
Retest-structure
GBPJPY | Perspective for the new week | follow-up detailsThe pound clings to upbeat UK job data which appears to be evolving into a second bullish move from a technical perspective. The sharp rejection of the bearish trendline that was broken in mid-April 2022 during the course of last week's trading session appears to maintain a strong bid tone for the Pound going into the new week as I look forward to a breakout/retest of the key level at 160.000 area to join the potential rally.
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.
AUDUSD short ideaAU is still in a down trend and after breaking structure price is retesting for a potential continuation down!
NQ Power Range Report with FIB Ext - 5/18/2022 SessionCME_MINI:NQM2022
- PR High: 12593.50
- PR Low: 12569.00
- NZ Spread: 55.00
Evening Stats (As of 12:05 AM)
- Gap: = N/A
- Session Open ATR: 436.59
- Volume: 29k
- Open Int: 241k
- Trend Grade: Bear
- From ATH: -25.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14105
- Mid: 12960
- Short: 11820
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
luna bullishbe ready at this moment it retesting his low level of support, bullish moment will come soon
Investment Idea--- Buy Alembic LtdBuy Alembic Ltd
Cmp 68 Stoploss 35 (monthly closing Basis)
Target above 145
Study: Monthly Breakout Retest Structure
LICHSGFIN.. Waiting for upmove!Funda Trigger: LIC IPO is around the corner.
Technical: Falling wedge pattern, high chance of upside breakout. In the daily time frame, it is showing breakout & re-test.
Note: This is a swing trade (time frame of 2-4 months). Trade as per your personal risk appetite.
Also, I have made the position. Hence, views are biased/skin-in-the-game.
NZDUSD Short Set Up This Week!Welcome back! Here's an analysis of this pair!
**NZDUSD - headed for support at around 6720-6700 zone which we can expect a bounce and then continuation downward. We will be monitoring 6790 area for re-tests and potential entries for scalp, intraday, and swing. Targets would be 6765, 6730, 6700, 6610.
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
$ETH Daily Chart Analysis Will ETH break through the Fibonacci levels or will it bounce from its current level?
Let's see what happens.
NZDUSD | Live position review | UpdateStoploss hit with around 30pips profit. Price is currently back into the neckline of the reversal pattern identified in the 1 Hour time frame and we are expecting a trend continuation to the downside should the price goes as planned. Cheers!
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.
EURNZD | Live position | UpdateWe are currently in 200pips profit as price action moved exactly as projected in our analysis yesterday (see link below for reference purposes). Let us continue to watch and see if price action has the tendency of moving further up in the next couple of days... cheers!
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.
AUD has flipped the trend direction to Bullish. two key areas are identified on the chart with price range not far from each other, I am expecting a hit, retest and continuation here..
EUR has been trending Bearish against USDSo far we have been able to visualise the price action and see that previous support has been invalidated and the support turn resistance indicates a retest and a possible continuation towards the KEY SUPPORT AREA and a successful break below gives a potential sell towards 1.06361
AUDCAD Analysis I Potential Rise to Resistance Welcome back! Here's an analysis of this pair!
**AUDCAD - 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
EURJPY Analysis I How to Trade This Week!Welcome back! Here's an analysis of this pair!
**EURJPY - 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
BTCUSDT wants to retest 40kThe price got a rejection from 45-46k zone from the weekly resistance and created a double top on in.
At the moment the price is testing the last daily support on 38500 before the weekly one on 34k
On the 4 timeframe, the price is trying to have a bounce on that area, so we could see a retest on 40k in the next few days
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ETHUSDT is looking for a retestThe price had a breakout from the descending channel and daily dynamic resistance after a double bottom on 2400$
On the 4h timeframe, after the breakout from the weekly resistance got a rejection from the 4h resistance and now the market wants to retest the previous resistance as new support on the 0.382 Fibonacci level in order to create a new higher low
How to approach?
The price needs to confirm the flip of the previous resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTCUSDT is testing the previous supportThe price had a breakout from the rising wedge as I told in the previous analysis () and after a bounce on the 37300 the price is testing the previous support as new resistance.
On the daily timeframe the price goi a rejection from our Daily resistance and supply zone, exactly on 39560.
How to approach?
We could have a bullish scenario if the price is going to have a breakout from 42k and retest is as new support. In that case, the price will have a breakout from the supply zone and dynamic resistance as well.
Otherwise, if the price is going to have a new rejection from the old support (38400-39000) we could see a new breakout from the current support (37k) If the price is going to confirm the breakout, the next valid support is 35k on the weekly one.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
USDCAD buy setuplooking to buy USDCSD. trade your own risk. always trade with money management. Ukraine and Russia war still impacts the market.
AUDJPY SHORTLooking Short on AUDJPY. impulse ways and retest completed. trade with money management.
USDZAR LongPotential buy opportunity on the retest of the daily support for a long-term movement to the upside.
Entry will be ideal on the lower timeframes considering the formation of an inverse head & shoulders pattern.
This trade poses a great risk-reward however, please take note that the pair is an exotic pair and with the Ukraine-Russian tension there could still be a lot of volatility so take great care when trading.
USOIL - BREAKOUT 📉THE USOIL PRICE reached a MONTHLY resistance level .
the MA 100 support has broken, so i predict a Bearish MOVE 📉
TARGET: 78.672 🎯
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