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
Structure
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!
**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
GOLD Bullish Reversal, Watch For Buys
Hello traders:
Here on GOLD, we can see from the previous down move, price has hit the bottom of the higher time frame structure.
After price impulse down, it didnt create any bearish continuation correction price action, instead a bullish reversal impulse on the lower time frame.
After, price followed through with a bullish continuation correction, good signs of further upside potential.
Be on the look out for smaller, continuation correction on the LTF for possible confirmation and validate the entry.
Thank you
How the higher time frames help you to avoid unnecessary losses Hello everyone:
Today I want to discuss the importance of higher time frame analysis.
Doesn't matter what type of trading strategy, method or style you use,
the higher time frame often will help us to strengthen our bias overall and give us a good perspective of the possible direction for the price to go.
In addition, it helps traders to avoid unnecessary losses and mediocre entries that will eat up your profits.
More often I hear traders will execute trades on the lower time frames, and not factor the overall higher time frame bias and perspective.
Although entering on the smaller time frame can potentially give you more Risk:Reward, it's often more risky and trades can easily reverse, then hit the stop loss.
This often creates stress, negativity, and revenge trading psychology for traders which ended up blowing accounts.
I want to give a few examples of higher time frame analysis, how they can help traders to avoid “traps” on the lower time frames, avoid unnecessary losses, and keep the emotion at bay to trade another day.
When having a bullish bias on the HTFs, its good risk management to not consider any short term, bearish sell setups.
These sell setups may form on the LTFs, but they can easily not continue to your desired target, and reverse up before you have time to react.
In addition, traders hate to see profit come and go.
So if a trader has a short position running in some profit, but decides to hold onto the trade, and once the position reverses, traders don't want to exit, and then end up holding a losing position to its SL.
Examples:
AUDUSD:
HTF: Overall bias and perspective in bullish
LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses
NZDUSD:
HTF: Overall bias and perspective in bullish
LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses
AUDCHF:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
NZDCHF:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
NZDCAD:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
SILVER:
HTF: Overall bias and perspective in bullish
LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
SPX500 Bullish Reversal, Wait For Buy Confirmation
Hi traders:
Most of the indices market are now looking bullish, and here on SPY is shaping up for a nice buy setups.
from the previous bearish development, price push down to the higher time frame previous lows, but failed to form continuation to go lower.
Instead, price formed a potential double bottoms on the higher time frame, and descending channel reversal. Good signs of the bearish momentum exhausted.
Latest development did have a bullish impulse up, and now forming possible continuation correction.
Be on the lookout for the completion of the correction to confirm and validate the buy setups
Thank you
Whats the possible direction of the USD ?
Hi traders
Looking at Dollar Index, we can get some potential USD development and direction in the up coming weeks/months.
Here on the higher time frame, since last year of July 2021, price has been in a strong bullish impulse phase to the upside.
Many continuation price action along the move up.
Now that we have hit the previous highs, and top of structure, there's more development that may give us different outlook.
Originally it broke out of the structure, but, there was no bullish continuation correction formed.
Instead, Price has now create a double tops, and bearish reversal impulse to push down the price.
This is a good indication that price on the lower time frame is potentially exhausted, and there could be more confirmation for a bearish USD in the making.
What we can be on the look out for next few weeks is to see whether we can get a consolidation on the lower time frame on DXY,
giving us a bearish continuation price action that can continue the bearish momentum to the next low of the price.
Any other USD analysis, view or forecast welcome to share and discuss :) thank you
EURUSD Is It Going to Reverse Up Now ?
Hi traders:
EURUSD is on route to have some bullish reversal price action on the lower time frame and price could be ready very soon for another up move potential.
From the higher time frame, we can see price has now hit the previous swing low, and no further bearish continuation price action.
Instead, a double bottoms has formed, and an inverse Head and Shoulder pattern has also formed.
These are good signs of bullish reversal price action on the lower time frame.
Be on the lookout for a completion of the right shoulder, and look for smaller,
lower time frame continuation corrections to form once it impulse up to confirm and validate the next buy setup.
Thank you
GBPNZD Possible Continuation Downside, Wait for Confirmation
Hi traders:
Also looking at GBPNZD for continuation bearish price action.
After the initial bearish impulse from the top of the higher time frame structure, price was on route to break out of the structure.
Instead, it started to form an ascending channel like structure, correcting the price within.
However, the lower time frame correction is not showing signs of bullish momentum or price action. It its more of a bearish continuation correction, that could lead to another downside move.
Be on the lookout for bearish continuation corrections on the lower time frames, to confirm and validate the sell.
thank you
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.
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
EURAUD More Bearish Price Action, Watch for Sell
Hello traders:
Here on ERUAUD, price is not forming possible continuation price action, that could lead to more bearish downside move.
From the top, we can see price had a sharp bearish impulse down from previous correction.
Naturally, price will have to correct and consolidate for the next impulse phase.
WE can see the latest development has a possible correctional structure, and price is on route to breakout now.
To confirm and validate the setup, wait for continuation correction to form and complete on the lower time frame, before placing entry orders
Thank you
EURCAD More Upside, Watch For Buy
Hello traders:
Looking at EURCAD's overall price action, there could be more opportunity for upside.
From the higher time frame, we can see price has hit a previous swing lows, and started to slow down and consolidate.
This could lead to a potential double bottoms for upside reversal.
On the mid time frame, we can see a clear descending structure correcting the price, and within, another descending channel.
Together, with the lower time frame double bottom, and strong bullish impulse that breaks out of the reversal correction, good sign of bullish momentum.
Be on the lookout for continuation correction price action on the lower time frame to confirm the upside move.
thank you
SOLANA 1/2 Year Of Consolidation, Is It Time For Upside?
Hi traders:
SOL has been in a consolation since last year in November, and price has not form into a possible structure that could give us a buy opportunity in near future.
We can see from the previous higher time frame impulse move, price pushed up aggressively, and has now formed into a descending structure.
With a few swing highs and lows, price has slow down its bearish momentum, and possible reversal on the lower time frame
It be nice for the price to consolidate at its current price range, that could lead to a bullish continuation correction on the lower time frame, which can kick off the next bull run here.
Watch for lower time frame development to confirm the buy opportunity in the next few weeks.
thank you
MATIC Wait For Bullish Price Action To Buy
Hi traders:
Also eyeing MATIC for the bullish long term opportunity.
From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction.
Price begin to form into another consolidation for possible another up move.
On the lower time frame, we can see a few good bullish price action.
Double bottoms, bottom of the higher time frame structure, and signs of bearish momentum being exhausted.
Be nice to wait for a bit more bullish development on the lower time frame to give us the confirmation we need,
to look for a longer term buy setup to the next highs.
Thank you
ETH Bottom of structure, wait for reversal for big buys
Hi everyone:
Ether is also developing nice bullish price action on the higher time frame, and if the lower time frame develop bullish reversal price action, this can start off the next bull run.
After the initial bullish impulse up move, price naturally falls into a consolidation/correction.
With a few swing highs and lows, price has created a larger, higher time frame correction, looking possible for bullish continuations.
We can see the latest development, price made one more bearish impulse down, hitting previous swing lows, good signs of possible double bottoms.
To confirm the big up move potential, wait for lower time frame bullish reversal price action to develop and complete, in order to look for entries for up move.
If price simply break below and impulse down, then no entry no trade.
Thank you
Polkadot Higher Time Frame Bullish Outlook
Hello traders:
Also on watch for the week ahead is DOT.
Majority of the bigger cap coins are developing similar across the market.
Here on DOT, we can see the higher time frame has formed into a nice expanding structure, correcting for the previous impulse move.
The latest development has shown price hit the previous lows, potential double bottoms.
Last few couple days have shown bearish price has slow down, and momentum could be exhausted.
To confirm the upside for entry, wait for some lower time frame bullish reversal price action at the bottom of the higher time frame structure. This could kick off the next bull run if it is confirmed.
BTC Continuation Upside, Don't Miss The Chance
Hello everyone:
Here on Bitcoin, from my previous outlook and forecast, price indeed made that bearish move down to the lows which was expected.
Price pushed to the bottom of the previous lows, since it needs to develop a bigger continuation correctional structure for the higher time frame next impulsive move.
We can see now price has indeed hit the lows, and the bearish momentum has slowed down on the lower time frame, and possible double bottom could be forming.
To confirm the upside, we need to wait and see the lower time frame development.
Can we see some strong bullish reversal price action on the lower time frames, that can give us the confirmation we need to look for long term buy and hold.
Will be updating next few days/weeks on how price develop.
IF price doesn't form and bullish reversal corrections, and continue to drop lower, then of course no entry, no trade.