Bull/bear idea If price breaks trough resistance at 20,384 I’ll risk 1% of my account and aim to make 3%. Next resistance can be found around 21,075.
If price breaks support at 20,026 I’ll risk 1% of my account and aim to make 3% the next support is at 18,616. These are Two possible trade ideas I’ll be watching for the next 24hrs .
Structure
GBPJPY I Headed up from support!Welcome back! Let me know your thoughts in the comments!
**GBPJPY - 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
EURJPY I GAME time! Long from SupportWelcome back! Let me know your thoughts in the comments!
**EURJPY - 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
Institutional Demand: AUD/NZD LongHi Max here again,
The second AUD pair I am watching closely is AUD/NZD long, which is very similar at the moment as the AUD/JPY play I shared before.
For our tradingstyle it's rather normal that multiple correlated pairs are on watch together, this is good because our entry criteria is rather strict, and
having more pairs to watch therefor increases the probability to take action when a valid setup does present itself.
This AUD/NZD play is from a different type of zone than AUD/JPY but the probability is more or less equal.
Let's wait for a Hybrid opportunity and maybe some scale-ins later on.. first the zone needs to be reached.
Kind regards,
MNieveld
Institutional Demand: AUD/JPY LongHi mate,
One of the AUD pairs on my watch list for the upcoming 48hours is AUD/JPY long from weekly and daily demand. When price finally reaches our value area, I'll wait for the standard 4hour entries to develop and take (if valid) our fixed risk to reward of 1:3 as explained in the previous recap.
Our trading style is extremely mechanical, so might be a bit boring. Yet better be boring and profitable than excited and poor.
More things will be shared here soon!
Kind regards,
MNieveld
EURCAD I It will rise from support Welcome 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.
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.
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Brian & Kenya Horton, BK Forex Academy
GBP/CAD Short - 31 Oct 2022 | Hybrid Move Result +3.00%Hey traders,
Yesterday the GBP/CAD short bias was shared, today I want to show you a bit behind the scenes of our trading style.
First of all, everything in your trading plan should be mechanical:
1. The zones we draw are always from the same imbalance candles (our indicator)
2. The entries we take are always provided by our entry script (our indicator)
3. Stoploss & Targets are always the same by our formula (see tool on screen)
These 3 things already can turn you profitable in trading, if of course you tested your strategies a thousand times like we did.
---
GBP/CAD was a beautiful monthly and daily supply stack! On the 4hour we did see price tap our zone last wednesday, however it was just a spike and the entry candle
did not form high enough by our mechanical rules.. not gonna share the boring details.
The risk to reward we use is always 1:3 and that is exactly what we did see with this setup. Hope you like this insight!
Kind regards,
MNieveld
GBPCAD I Potential Buy from Support NecklineWelcome back! Let me know your thoughts in the comments!
**GBPCAD - 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.
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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!👊🏽
Where is that dollar going?Hi everyone,
Let's talk about the next targets for the DXY . Within our community we've been watching this one since it created monthly demand, and re-used old monthly demand from a while back.
Yet, I don't really care much where it is coming from, I care about where it is going.
What you can see at the chart above is that the DXY is moving towards monthly and quarterly supply, which is around the 116 to 120 mark, from here I expect the bullish montly trend to atleast pullback for a few months or consolidate. But for now, more upside is likely as long as the weekly trendline and demand zone holds. If we're not moving for the upcoming 2 weeks, but stay above these weekly catalysts, the bias remains up.
That's my view in a very small summary!
Kind regards,
MNieveld
Institutional Supply: GBP/CAD ShortHi everyone!
It's been a while that I've been sharing some charts!
The main currency of interest at the moment is The Pound! With a crazy strong move for the past weeks, finally many GBP based pairs have reached clean areas of value. The chart you're seeing above is GBP against CAD, which is currently sitting at a obvious daily and monthly area of value for us. Those that know how we've been trading for years know how to capatalize on these moves, I'll keep sharing some charts the upcoming weeks ahead.
Have a good time trading!
Kind regards,
MNieveld
SIMPLE Scalping & Intraday StrategyHey Traders!!
Here's a live market example of an amazing system I created for scalping and intraday trading called, KiSS 2.0 (Kenya's Instant Scalping Strategy). This ONE system made me a profitable trader early in my career, making $100-300 consistently a day, and now I do much more than this. I am sharing this example because I know many of you follow our social media platforms, and I like to show you the system in real time. Here's an overview of the strategy...
1. It is a market structure based trading strategy (uses a naked chart and indicators BB, RSI, Stochastic, and MACD for confluence)
2. Includes our proven risk management technique (shared with students and in many of our videos)
3. Effective strategy for scalping and intraday trading
4. Ideal for small or large accounts
5. Perfect for beginner and experienced traders
6. Best way to master is to learn from our content and apply the rules to your trading process
7. Has a 90% win rate! I recommend to demo and record a minimum of 100-300 trades in a trading journal to find your unique edge
The indicator settings are as followed:
Bollinger Band: 20, close
RSI: 20, close
Stochastic: 5,3,3
MACD 3,10,9
I like to always start with a naked chart and my goal is to find the daily directional bias and trade with it (though I also trade strong counter-trend levels). Once price gets to your area of value, you simply refer to the indicator confirmations for confluence and ensure that everything is aligned and coming together (as indicated in the tutorial). I like to close several scalp positions in profit as the price moves in my favor and has good volatility, and I often hold one or two positions for an intraday target. If you're looking for a consistent strategy with lots of content around it, I highly recommend following for more and checking out all that we have published on it. I have no doubt you'll love it and I'm always happy to answer questions.
I hope you found this overview and analysis helpful!
What questions do you have?? Drop them in the comments! :)
To your success! - Kenya
ger30 bullishfew things cn happen we continuing with bullish 15m structure
or we induce 15m structure confirming 4h HH has formed n scout for buy
indices like taking the whole trendline liquidity of lower timeframe structures before the true move occurs
BCH - Nothing Much To Say Here... Just Use Your Eyes On This OneCrashing structure between Bitcoin 2019 and Bitcoin Cash (BCH) looks nearly identical. Will see what happens from here, but i am 90% shore we will see a breakout from here in the next week/weeks.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
EURUSD Bearish but Caution Ahead of PMI News
Welcome back! Let me know your thoughts in the comments!
**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
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.
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
AUDNZD It will return to resistance and fall! SHORT!Welcome back! Let me know your thoughts in the comments!
**AUDNZD - 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
KCS - Short-Term Bullish Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last idea, we were waiting for the bulls to take over by breaking above the blue neckline from H4.
We had the break last week, and lately we rejected the 10.0 and broke below the last minor low in red. Thus, the correction started.
Now on the retest of the previous high in blue, we will be looking for buy setups on lower timeframes to catch the next impulse movement upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Daily chart perspective on GJand GU similarlyThe daily time frame seems to be painting a skew double bottom, as price did in the 4hr time frame on the 28 September for the midweek reversal. Price could go up strong from the current zone that its in, or it could come all the way down to test 154.756 to confirm a very big double bottom on the daily to give a strong push up. We are at a critical zone now, so trade carefully and look after your trades. I am in 100pips profit at the moment from the morning buy, so will bring trades to profit and monitor from there