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Structure

USDCHF I Headed toward the support areaWelcome back! Here's an analysis of this pair! **USDCHF - 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
Long
by BKTradingAcademy
11
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:TSLALong
by jojofang0901
39
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
OANDA:NAS100USDLong
by jojofang0901
8
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. 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
by BKTradingAcademy
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
OANDA:XAUUSDLong
by jojofang0901
9
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
Education
by jojofang0901
19
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
OANDA:SPX500USDLong
by jojofang0901
12
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
TVC:DXYShort
by jojofang0901
47
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
Long
by jojofang0901
14
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
Short
by jojofang0901
12