CHFJPY I It will fall from resistance Welcome back! Let me know your thoughts in the comments!
**CHFJPY Analysis - Listen to video!
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Structure-trade
AUDUSD I Wait for break and retest! Welcome back! Let me know your thoughts in the comments!
**AUDUSD Analysis - Listen to video!
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#GBPJPY here we go again...The chart can talk for it self I'm pretty sure about it. But lets dive into more detail and see what confluences we can find to back up our trading idea...
1- Price is getting very close to structure point means it used to act as support before but now shifted to a resistance
2- Also the area can be considered as a static and classical resistance area, since it's been able to hold price lower every time price got close to the area.
3- Price is at bullish channel middle line which could add to a resistive cluster.
4- From fundamental aspect JPY can gain more power as central banks around the world going to reduce the pace of rising interest rate.
5- other than GBPJPY other JPY pairs are also in resistance area which give us intermarket confluence.
But be aware its very likely that price goes above the last high which showed on the chart by an arrow and then turn to the downside and this is only for liquidity taking activity and to capitulate long traders. However if price can manage to close above the arrow then we can say the chance that resistance area wont hold the price will increase.
#EURJPY selling position opportunityAs we discussed before in #JPYBASKET analysis ( you can see it in related ideas ) we believe JPY is aiming for higher prices due to technical and fundamental analysis, and in order to take advantage of this move we can sell other currencies against JPY.
Price currently in EURJPY pair is moving down and has formed bearish channel in 4H timeframe which can be tested one more time during today trading time or tomorrow. moreover, price managed to get very close to 4H timeframe high and base on market structure analysis if price want to continue moving downward in 4H timeframe it shouldn't close above this area.
In conclusion, for taking a short position on this pair base on 4H time frame we need to see price tap into any of two line drove above the price but fail to close above it. and then get rejected from the area. which can prove that sellers are in the market and also the capitulation move is over too. Also for more validation you can wait to see market structure in lower timeframe also shifted in the favor of the downside move.
#CHFJPY possible short opportunitySince JPY index shown potential upside move and already break above a bearish Daily channel as well as forming a reverse Head & Shoulder formation it gave us the idea of to be looking for a shorting opportunity on different JPY pairs like CHFJPY.
If JPY index keep going up to reach its one to one Head & Shoulder target projection then we can expect any upside rally on different JPY pairs can lead to another drop.
With all this being said now if you take a look at CHFJPY chart you can see price formed a bearish impulsive move and as a result of that move formed a new low. since then price been correcting that down side move and now it reached the static resistance area which you can call it structural point too and also 61.8% of Fibonacci level and 1H EMA. which all together can give us a resistive cluster.
moreover, price also did reject from the area just recently and formed two bearish 1H candles, which shows that sellers are there. but in order for us to be able to sell we need another bullish move in lower time frame. but unable to goes above the recent top and 1H EMA or at least wont close above it.
#USDCAD another sell opportunityPrice has formed a V-TOP chart pattern formation as you can see in 4H timeframe and also managed to close below 4H low which means that our structure now turned to bearish again. due to V-TOP formation price formed a bearish engulfing candle in Daily timeframe which is a strong signal for bearish move and also as we can see we are in overall in bearish move so we can interpret this daily candle as an continuation signal for higher wave cycle.
Now that we have bearish bias we should be looking for areas which potentially price can tap into in lower timeframe like 1H or lower, take out some liquidity and turn to the downside again.
USDJPY MORE SELLING PRESSURE (REDUCE RISK ENTRY)It's still going smooth and likely more profitable n on Higher Time frame there's a correction and now I'm looking for a lower time frame correction to continue the trend. I'm selling this when I see a lower time frame continuational correction completion.
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!
Buullish STRUCTURE PATTERENS !!!!!!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
The market will be bullish if any coin has strong fundamental and technical analysis.Support and resistance levels come into play at this point.If the fundamental and technical analysis of the market is done correctly, this method can provide accuracy up to 99%.
:loudspeaker: Additionally, based on the research, it is possible to observe an additional technique that is referred to as fakeout
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BARRISH STRUCTURE PATTERENS !!!!!!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Through technical analysis, the market will be bearish if the coin has a week fundamental similar to **BTC.D **.Support and resistance levels come into play at this point.If the fundamental analysis reflects the reality of the market, the method has the potential to provide accuracy of up to 99 percent.
The research also indicates that a method known as barrish fakeout can be observed.
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Also, share your views in the comment section.
USDJPY dropped 💯 NEXT FORECAST (REDUCE RISK ENTRY)It's been a while I've been observing UJ for the drop. If the drop gon' sell more it gon' create a lower time frame correction to make the next leg of the sell i.e get pending sell stops ready..... THIS IS MY STYLE OF ENTRY
thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!
USDCAD I Structure broken - next moveWelcome back! Let me know your thoughts in the comments!
**USDCAD - 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
USDCAD NEXT POSSIBLE PUSH 😎So there we see price made a corrective structure and followed by a double bottom. Which requires the next possible impulse phase, for now am still looking for a lower time frame correction to possibly take price up.
Thanks for reading.
CAUTION: use your own RR management or use 🤷🏾♂️😂
AS ALWAYS TRADE SAFE AND STAY SAFE!👊🏽
EURGBP Slow moving but likely to fall to supportWelcome 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.
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Brian & Kenya Horton, BK Forex Academy
EURCAD Potential Long Breakout then Short from ResistanceWelcome 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.
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Brian & Kenya Horton, BK Forex Academy
Bullish/bear idea Market looks bearish at the moment monthly and weekly candle are red .
So I’m watching the daily for sells and possibly buys .
I will take a sell with 1% risk to gain 3% if price breaks below 18,719 and I will take buys if price breaks above 19,622 with 1% and to try to gain 3% I’m giving this setup 24hrs to try to play out. If nothing happens I will simply reanalyze .
GBPUSD SHORT BIASLooking at GBPUSD it seems as GBP gained short term strength to grab -devious liquidity as well as its seems it may be a start to a buy side transition in trend. I’ve market out relevant demand zone and discounted area in which I feel is a key area for continuation to the upside supply zone. Alert is set I will wait for price to come down to my POI.
CADJPY Swing Upwards +100 PipsWelcome back! Let me know your thoughts in the comments!
**CADJPY - 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
AUDCHF I retracement and more decline!Welcome back! Here's an analysis of this pair!
**AUDCHF - 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
NZDJPY I Break of Structure - LONGHello Traders! Here's a video analysis of this pair! What are your thoughts?! Let us know in the comments, we'd love to hear them! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Also, 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.
Trade safe! - Brian & Kenya
EURJPY Break & Retest Structure SHORT!Welcome back! Here's an analysis of this pair!
**EURJPY broke daily structure and now the pair is retesting previous broken support which will become resistance. Price is also rejecting off the 50 MA. SHORT! Targets 133.98, 133. 64, 132.95
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