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CARDANO Is It Time To Rise ? Watch for continuation price action Hello traders: ADA has been in a decline since the initial strong bullish impulse up after reaching the $3 price. It has been in a bearish price action and continue to correct within a downward correction since. We can see price temporary broke below the $1 mark, but quickly reverse up and formed bullish impulse phase on the lower time frame. This is a good sign that price has formed a low, double bottoms, and reversal price action has formed. Its within our interest to wait and see if price can develop a bullish continuation correction as it has broken above the descending channel structure. Look for previous highs as potential targets if price does give is the confirmation ion to enter. thank you
BINANCE:ADAUSDLong
by jojofang0901
25
Weekly Trade Recap: EURNZD +1.7%, GBPAUD +2.3% 03-25-22Hello traders: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 13 - 18th. EURNZD: Running for +1.7%, 1.7:1 RR Full analysis/forecast: GBPAUD: Running for +2.3%, 2.3:1 RR Full analysis/forecast: EURAUD: Out for +3.31%, 3.31:1 RR Full analysis/forecast: GBPNZD: Out for +1% profit, 1:1 RR Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
by jojofang0901
11
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