Buffet Indicator insightsDespite the recent downturn in the equity market, the Total Market Cap over GDP - also known as Buffet Indicator - clearly shows that there still might be a significant market crash ahead.
Assuming the market will reach the " Fairly valued " territory, it means that a further 25% decline is to be expected.
Assuming instead that the market will ultimately become " Significantly Undervalued " - as it happened after both most recent market crashes (except after COVID due to the massive Fed intervention) - we should expect a further 50% decline.
Structure
Market Overview RTYMarket Overview RTY
We are at a critical area where the BULL's could take control to push the pair Bullish as we have Support area and Previous Resistance cross road where the Market normally U-turn from .
Long Term we Bullish on this pair with a long term target of 3245.6 .
Monthly Take Profit Target 1: 2751.5
Monthly Take Profit Target 2: 3245.6
Stoploss : 828.8
AUDCAD Headed to the UPSIDEWelcome back! Here's an analysis of this pair!
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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
GBPCAD I It will fall to target supportWelcome back! Here's an analysis of this pair!
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AUDCHF I retracement and more decline!Welcome back! Here's an analysis of this pair!
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EURCHF Plan After Swiss Rate Hike Welcome back! Here's an analysis of this pair!
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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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EURUSD Watch for Bounce from Demand AreaWelcome back! Here's an analysis of this pair!
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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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CADCHF Intraday & Scalp I SHORT Welcome back! Here's an analysis of this pair!
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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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GOLD No Bullish Price Action, Is It Time To Look For Sell ?
Hello traders:
Last 1-2 weeks ago my overall view on the lower time frame for GOLD was to wait for bullish price action to have a potential buy in short term.
Price however didn't form the continuation price action on the lower time frame for me to consider any entries.
Instead, structure/pattern can evolve, and in this case, instead of a bullish continuation on the lower time frame,
we are seeing the structure more as a bearish continuation instead now.
With the overall sharp reversal impulse down, form the all time highs, price has now form a possible continuation correction right outside the ascending structure.
Be on the look out for smaller continuation correction as the confirmation for more bearish impulse phase to push the price lower to the next swing lows.
Thank you
AUDJPY Can Price Action Repeat Itself ?
Hi everyone:
Here on AUDJPY, there is good potential development that can lead to another selling opportunities.
We can see from previous price action, after price has a confirmed bearish impulse down, once correction completes, lead to another bearish move.
The current price action is even better as we have now created a double tops, reversal bearish impulse move down.
Same 2 scenario to wait for,
either price will formed smaller corrections on the lower time frame and continue the drop
or
a bigger, sizable correction will form just like the past, and once completed, will have another a stronger bearish move down,
Thank you
GBPJPY More Sell Coming, two options to wait for
Hello everyone:
Since last Friday till now we have seen lots of USD, JPY pairs gaining strength across the market.
Market has pushed quite a bit and I suspect more strength to come in the near future for USD and JPYs.
Here on GBPJPY, very clean price action is forming in favor of a bearish sell opportunities.
From the higher time frame, price is at the top of current structure,
no signs of continuations. Could be possible at the beginning to resume the bearish move from previous impulse phase.
On the lower time frame, after price hits the previous swing highs from a bullish up move, price quickly revered down after creating a double tops.
Strong bearish phase down, naturally will need to correct for further sell.
Often these sharp impulses we see, can correct either just as a smaller corrections on the lower time frames and continue
or
sometimes they can create larger consolidation correction that may take days to form, but can resume the downside with more momentum.
Be on the look out for these development and confirmation before entry.
thank you
AUDUSD Potential Swing BuysI have previously detailed my reasons for being largely bullish on AUDUSD.
IF my assumptions are correct, I believe we are at a point of great opportunity to capitalize on buys for this pair.
If you check on the monthly TF, you will realize that we may be looking at a potential inverse head and shoulder in case the price shifts to bullish (formed by the head at 0.55000 and the shoulders at 0.70000 key levels).
Price has, as at close of last week (10th June), closed at a key level where price was pushed bullish to create a high at 0.72650 on 4th May 2022. The push to the upside came from the level where price is at currently, 0.70475 key daily level. Looking at the bullish pressure which lay here during that push, it is a probability that price shall once again take off to the highs.
A look at the daily chart also implies that IF price pushes to the upside at this level we will have an inverse head and shoulder pattern to take on as confluence for buys on the pair.
A look at the H4 chart I have shared will inform of three key things:
- We are at a level of demand (if you will, not exactly a master in demand and supply).
-We crossed the green trend line that was dropping since April 5th, 2022 to the upside. This trend line was acting as resistance. Once we crossed to the upside on 23rd May, we crossed over to the buy side of the trend line.
We had a retest of the same line on the 25th of May and since then went bullish.
-Lastly, and probably most importantly, we breached the lower swing high at 0.72660 to create a new higher high. This shifted the entire structure to bullish for me (I use swing highs to determine whether price is still within a range not. LTF structure can determine intraday trading but the swings determine overall structure for me). Based on this, the fib retracement stopped being bearish and now I am placing it from bottom to top. The wick took out the swing on 3rd June and I can comfortably adjust to buying the pair.
Currently, we are at the 50% retracement on the upswing. We may move a little further down and tap the key monthly level at the 61.8% fib before we go completely bullish, but I am keen to note how price behaves hereon and whether I can get buys at these levels.
NB: Price is bound to get magnetized into 0.7000 key psychological level to the downside from the current levels. If this happens, we will have confluence at 0.7000 and 61.8% retracement to expect a strong buy from this zone.
Please note that the 0.70000 key psychological and heavy monthly level has been used on numerous occasions before to send price soaring to the highs. This is a key level of focus for me.
How I intend to Trade:
IF price shifts structure to bullish on H4 from the 50% (where we are) or the 61.8% (0.7000), I will be very keen to take on buys for the long term, aiming at least at 0.8000 key level and potentially take on a position trade all the way to 0.90000 or 0.95000.
IF, however, this switch fails, I will have to reevaluate my bias on the pair.
HAPPY PIPPIN'.
A potential sell opportunity if we see a break towards 85.063Hi! based on MIIPA STRATEGY's 1H and 4H timeframe, I see a retest at Key Resistance Turn Support and a confirmation from MIISC STRATEGY showing a smart cross on 4H with a clear Bearish Engulfing and also on 1H and 30M respectively.
On 30M currently, price needs to invalidate the price level at 85.119 and if this is achieved, probability is high for a sell to the next support at 83.996.
GBPUSD | New perspectiveA significant breakout of the bearish trendline on the 1 Hour time frame appears to be a major signal that the bulls are taking charge hence the reason I am looking forward to a bullish momentum going into the New-York session. So, to make preparation for entry easier, I have identified a key level at $1.25300 that will be a guide to taking advantage of the potential bullish move.
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.
USDCHF I Headed toward the support areaWelcome back! Here's an analysis of this pair!
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Soooooooo... CONTINUATION?! Or nah...I think everythings gonna keep moving the same way! I mean, AJ might've roc'd me a bit but that 200pip move on gold was saucy! EU did me som justice too. They also BLEW TF UP AGAIN! But, its not about trading all the time, its about trading well often ;)
So with that being said, make it do what it do my trading family!! Happy trading <3
Did You Miss All the Buy on Tesla ? Here Is Another One
Hello traders:
I have shared many Tesla's forecast and analysis in the past that leads to the bullish up move.
If you missed any of the buy setup, price is potentially getting ready for another one very soon.
We can see overall price has been very bullish throughout, as many impulse phases are followed by continuation phases that push the price higher.
We see the latest significant impulse phase, is followed by a larger flag structure which few swing highs and lows. Good signs of a possible completion of a pattern that can be continuation in nature.
Lower time frame also has a nice inverse Head and Shoulder, bullish reversal price action as well.
Wait for bullish corrections on the LTFs, to confirm and validate the next buy setup
Thank you
NASDAQ Bullish Price Action, Look For Buys
Hi traders:
Here on NASDAQ, price is slowing developing good bullish price action that can potentially push the price higher.
We can see price has moved down to a higher time frame swing lows, and managed to break below it. However, no signs of bearish continuation price action.
instead, a descending channel reversal was formed, and a strong lower time frame bullish impulse has pushed the price up.
Now that price has impulse up, it begin to consolidate to form a possible bullish continuation correction.
Watch for the structure to complete and look for buy setups that fit your plan for entries to the next highs.
Thank you
CADJPY I Approaching Monthly SupportWelcome back! Here's an analysis of this pair!
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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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