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EURAUD Another Down Move Likely, Look For Bearish Price Action Hi traders: Also looking at EURAUD for more downside opportunities. We can see from previous forecast and analysis, price completed the continuation correction, and strong bearish impulse down, broke the previous lows. After such strong move, naturally price needs to correct in order to continue. We did see a lower time frame ascending channel, smaller H and S. This may be enough to push price lower, but also take into consideration a bigger consolidation may formed as well. So do be on the look out for these 2 possible scenarios to give price enough momentum to continue lower to the next lows Thank you
Short
by jojofang0901
22
EURNZD 2 Sell Development Scenarios Hello traders: Here on updating more on EURNZD's bearish price action. After the strong bearish impulse phase down, we can expect consolidation to form before the next possible continuations. Price has currently formed an ascending channel correction, and indeed a bearish development on the lower time frames has push down the price now. As we get close to the previous lows, 2 possibilities could develop: Either we can see price breaks the lows and continue down to the next higher time frame swing lows or makes a corrective up move to the previous highs simply evolving the structure to a bigger correction, then still look for bearish price action for sell. thank you
Short
by jojofang0901
26
The importance of confirmationsHey Traders, How many times in your trading career have you had a set up that you are so confident in and is so clean that you just enter it without checking for confirmations? How many times have you seen price retract into a demand or supply area with so much force that you simply think it cannot go wrong? This trade setup right here is a prime example of why it is so important to check for confirmations and ensure that the lower time frames are indicating exactly what you want to see prior to entering a trade and not entering a trade out of fear of missing out and buying as soon as the price dips into a demand zone. Let me know in the comments if this relates to you or you've ever had an issue like this. The analysis on the four hour had me very confident once we had broken over the recent highs. We indicated after a very long and steady downtrend that we could potentially start seeing a movement to the upside. Once we did get a clear structure break, it was followed by a strong push to the downside in which I like to call The Archers pullback. Price retraced straight back down into our demand area, which means we ticked step one and now we were looking for step 2 and Step 3. As you can see, looking at the one hour chart, we had a steady downtrend formed prior to having a strong news release which pushed price down into the demand zone. Once we had this trendline formed, what I simply wanted to see was an area of consolidation, potentially a descending channel. Then a break of this trend line followed by a pull back followed by a break of structure down on the 15 minute. But what you can notice is as we have this trendline drawn an we dip into the demand zone, that price didn't break the trend line. It simply went sideways and did form a descending channel, but to the point where we broke the recent demand and set a lower low. In turn, it made this analysis invalid. It is highly important that with all trade setups like this, especially trading the higher time frames, that we dive into the lower timeframes to ensure that the demand or the supply is entering the market the way we're anticipating so we can trade the distance with confidence. If we do not wait for confirmations then we are sitting blind and entering what you would call FOMO trades. Entering with much higher risk. As we can see here, price can just rip straight through these areas and we must be prepared to not take trades. If we were to enter blindly into these areas, this trade would of resulted in a loss on the account. Do you find this analysis helpful? Should we chat more about this in the future?
Education
by the5erstrading
6
AUDCAD Analysis I Potential Rise to Resistance Welcome back! Here's an analysis of this pair! **AUDCAD - listen to video analysis. 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
Long
by BKTradingAcademy
2
GBPUSD Analysis - Inverted Head & Shoulder Welcome back! Here's an analysis of this pair! **GBPUSD - listen to video analysis. 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
Long
by BKTradingAcademy
2
AUDJPY Why Wouldn't it drop yet ? Take a look here Hello traders: Been receiving many inquiries about AUDJPY, on the potential bearish bias of the price action. I have sharing many forecast and analysis on AUDJPY, but it seemed price has yet to commit to the downside. This is something that I haven't experience before where there's a consolidation period of the price, and the market is just getting ready for the bigger move once the consolidation is complete. We can see here first on the higher time frame, Price is in a larger, consolidation correction after the initial up move. We can see a clear structure within few swing highs and lows, bouncing up and down the price. The latest development on the lower time frame can give us a bit more clues on the potential direction of the price. With a lower time frame bearish impulse down, and now is forming a parallel channel correction, and within more and more bearish price action development such as rising wedge, ascending channel to give us more positive confluence to look for sell setups. Watch for bearish development now to confirm another downside move, or alternatively, price could move up one more to a double tops, and top of HTF structure before the move down. Thank you jojo
Short
by jojofang0901
19
Watch NZDUSD to commit to downside hello everyone: Similar like AUDUSD, I have been sharing NZDUSD forecast for possible sell. They continue to move up correctively, but it doesn't void the potential bearish development from the price. Now we can see the ascending structure continue to evolve and develop, more bearish bias are formed within. The latest development show smaller ascending channel, and a sharp bearish reversal impulse down. Be on the look out for bearish continuation on the lower time frame to develop, and confirm our sell bias to the lows before entry. Thank you
Short
by jojofang0901
31
Can AUDUSD Still Drop ? hi traders: I have been sharing lots of AUD/NZD USD forecast in the last few weeks. Most of them have not develop or commit to the downside. This time around, we are finally seeing some bearish development of the price. We can see price is at the top of the overall price action again, and smaller, lower time frame ascending channel, correcting the price. We are now see a sharp bearish impulse move, pushing down the price. Ideally is to wait for the impulse out of correction, follow by lower time frame continuation to confirm further down move. Thank you
Short
by jojofang0901
24
NZDUSD Catch the next drop if you haven't hi traders: Similar like AUDUSD I just shared, NZDUSD is following the same bearish development as well. From my previous outlook and forecast, Price hit the double tops, reversal impulse down, and formed continuation correction to drop more. Now that price has a short term pullback, smaller, ascending channel, we could expect more downside from the price. Ideally price should break below the HTF continuation structure, and formed lower time frame bearish development to further confirm the downside to the next previous lows. Higher time frame wise, we do see strong bearish bias, and is looking clean for another downside move. Thank you jojo
Short
by jojofang0901
19
AUDUSD Did you catch the sell ? More downside possible Hi traders: I was not active for about since last week, took a much needed vacation and mini-getaway. Now I am back and seeing some good development of the price. Here on AUDUSD, from my previous outlook and forecast from the top, price indeed pushed down aggressively, and now is at the bottom of the lower time frame ascending structure. This is where we can likely to see some consolidation, if price is going to push down to the next low. Ideally we want to see a bearish continuation correction to form and complete, to give us a confirmation sell down to the next low. But, don't be surprise if price bounce of from this LTF structure and move up again, in that case, no entry and no trade. The downside is more ideal and better R:R to continue as the higher time frame also indicates. thank you Jojo
Short
by jojofang0901
7
USDJPY - BEARISH CTS STRUCTURE TRADEIn today's Live Stream we took a look at a CTS Structure trade on the USDJPY Daily/4 Hour Chart. CTS stands for "Combined Technical Score" & it's essentially a way to quantify the things that matter to you most on a chart so that you're consistent in your analysis & in the type of trades that you value/take. For more on the CTS check out the March 15th Live Stream that we did here on Tradingview. But what I'm looking for on the USDJPY is a retest & hold of the daily structure level which would provide us with a double top & a reason for entry. Why this opportunity stood out so much for me is because there is a massive amount of room to move to the downside which would allow us to have a really good risk reward profile if completed. The one danger is that tomorrow (March 16th) is an interest rate hike day so you never know what that may bring but speaking from a strictly technical perspective, this is a GRADE A trade for me. If you found this trading idea valuable please do me a favor & hit that LIKE button at the bottom. Also, feel free to leave any questions, comments or ideas below as I DO read each and every one of them. Akil
Short
by Akil_Stokes
2
EURJPY Analysis I How to Trade This Week!Welcome back! Here's an analysis of this pair! **EURJPY - listen to video analysis. 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
Short
by BKTradingAcademy
1
Bitcoin Price Action AnalysisDISTRIBUTION:- Distribution stock refers to a large blocks of a security that are carefully sold into the market gradually in smallerblocks so as to inundate the market with sell orders for the security and driving down its price.Traders also refer to the dynamic of securities being sold this wayas simply "distribution." Distribution assets refers to the sale of shares by larger institutions. Distribution is an important dynamic that institutional investors must manageto avoid precipitous drops in bitcoin prices. Institutional investors use trading algorithms or dark pools to accomplish large-scale sales of shares. REDISTRIBUTION :- Redistribution begins with volatility and ends with volatility. typically a selling climax initiates the Redistribution process. theredistribution process looks eerily similar to Distribution. HEAD AND SHOULDER PATTERN :- Technical Analysis, detailed many studies on the performance of this pattern. The result of all the data is that the Head And Shoulder Pattern is the most profitable of all standard patterns. Interestingly, Dalquist and Kirkpatrick made no distinction between the performance of the head and shoulder pattern and the inverse head and shoulder pattern (sometimes called the bottom forming head andshoulder pattern). While this pattern is successful across many markets, it is also the pattern that causes the most losses to new traders. We’ll get into the specifics of why this pattern destroys a good number of traders. Head and Shoulder Pattern confirm with If the volume in the left shoulder is greater than the right shoulder, here is an increased likelihood of the head and shoulder pattern completing. If the volume in the right shoulder is greater than the left shoulder, failure rates are higher. Horizontal necklines increase the probability of a head and shoulder pattern completing. The more dramatic the slop of the neckline, the more likely the pattern will fail to develop. Aggressive entries can be taken immediately when the pricebreaks the neckline. Conservative entries can be taken after the neckline has been re-tested post-breakout. If price breaks the neckline, retracements occur almost 70% of the time. SUPPLY ZONE :- market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time, When demand is greater than supply, prices rise, and when supply is greater than demand, prices fall. The trader/analyst can study the balance between supply and demand by comparing price and volume bars over time. This law is deceptively simple, but learning to accurately evaluate supply and demand on bar charts, as well as understanding the implications of supply and demand patterns, takes considerable practice. MITIGATION BOX :- When big orders establish there price structure and or ranges within any currency pair, the future order flow is based on certain levels of the preceding trading range. Sometimes critical levels can be over shot due to orders being to strong and or cap levels not being maintained. When price dives deep or sells off into a substantial low breaking previous lows with out reacting or bouncing after the liquidity was targeted, this one time creates thin liquidity normally resulting in a sharp counter move back to the original pointof origin, however if the market makers display interest in the new re pricing range, they may just mitigate there loss or re structure the loss and wind off those previous longs at the point where the liquidity was tapped into below the previous lows, hence mitigation comes into the market forcing price back down from the breaking level using the breaker block zone as resistance.
BYBIT:BTCUSD.P
by Satoshi_Magnet
1
AUDCAD Broke Out Reversal Structure, More Upside Hi traders: AUDCAD has managed to reversal impulse out of the descending channel from the bottom, good signs of further upside. From my previous outlook, price did managed to continue higher and is now out of the descending structure. Such a strong impulse move to the upside, naturally price will need to correct in order for another continuation up move. If price does consolidate and formed bullish continuation correction, it will then give us another opportunity to buy to the next highs. Thank you
Long
by jojofang0901
26