Structure
CADJPY Swing Upwards +100 PipsWelcome back! Let me know your thoughts in the comments!
**CADJPY - Listen to video!
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Brian & Kenya Horton, BK Forex Academy
BBBY: Trading the Meme This stock is all over the news these days.
Many pro traders in the biggest banks are shorting this stock; WSB is longing.
Looking at the monthly structure, it is looking better for bulls in my books. Though some of the juice has already been squeezed, it still has room for further upside for long exposure. For those not in it by now, it will be increasingly more challenging to have a good risk profile from here. At least a 20 dollar per share downside risk if one is to be exposed to short risk at the current market price.
Following this stock as it has some wild moves and will update if anything interesting is happening.
Cheers!
TATAMOTORS breakout 14% MOVE UPSIDETATAMOTORS has given a breakout and retesting nice entry opportunity to enter
REASON TO ENTER
1. Breakout
2. High volume
3. Retesting
I HAVE EXPLAINED EVERYTHING ON THE CHART FOR MY VIEWERS SO THEY CAN EASILY GRAB THE OPPORTUNITY
AND SHARE IT WITH YOUR FRIENDS SO THEY CAN ALSO TAKE BENEFIT OF IT
Market Structure Identification ✅Hello traders!
✅ MARKET STRUCUTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Structure
Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
On the Track Hi everyone,
Yesterday we talked about how Bitcoin might be entering a new range between the support and resistance displayed, as it bounced from the 0.5 Fib level.
A very important notice that on DOTUSDT, we have formed a head and shoulders and we are right now retesting the support level, which is really bullish as it is a reversal pattern on a higher time frame (Daily).
Also on DOTUSDT we have formed a bullish reversal candlestick pattern, although I am not a big fan of candlestick patterns because it is usually too late to enter when you see them, but they might be helpful when looking for confirmation.
For Bitcoin, we are still on the same plan as yesterday, as we did not quit the wedge we are in and as it bounced from the support we talked about on our latest post (link down below).
In conclusion, we are forming good structure inside the wedge and volume is increasing everyday, which means that there are strong participants entering the market since the last month.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
BOND/USDTBond is bullish in daily chart and 4hours, breakout 15min triangule pattern 30% up side or 10% downside in short term
USD/CHF trade - Forex.DocToday we caught this solid +62 pips trade in VIP group. I was waiting for the price to give me some signs that new lower low is about to form.
We can see that after strong bullish candle, price immediately formed bearish candle followed with a strong bearish wick rejection. I was also able to connect these lows with a bearish trendline.
I decided to sell and not be greedy with my take profit. I didn't want to go down to 0.95050 (previous major low) because its Friday and it was a good decision.
USDJPY sell setupusd jpy was trending bullish from quite long time now market has found a strong resistance area market reversing from that resistance zone
wait for the retest of the structure
look for bearish confirmations on lower time frames and sell usd jpy with proper money management and risk to reward ratio
patience is the key
ETH heading strong resistance and good support levelshello all
i think we breakout from a range area and surpass the 1280 resistance.
now we reach 1650 resistance and the market react to it.
so i think we have a pullback to 1300 area and after that toward 1650 again
and repeatedly react to 1650 resistance and after that will go for 2000 resistance.
also maybe we have a 50% correction of this impulse wave that shows the 1300 level too.
Etherum has good fundamentals according to merge upgrade.so this targets are reachable
in coming months.
share me your opinion in comments.