BARRISH STRUCTURE PATTERENS !!!!!!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Through technical analysis, the market will be bearish if the coin has a week fundamental similar to **BTC.D **.Support and resistance levels come into play at this point.If the fundamental analysis reflects the reality of the market, the method has the potential to provide accuracy of up to 99 percent.
The research also indicates that a method known as barrish fakeout can be observed.
If you like my ideas then do support them with like and follow.
Also, share your views in the comment section.
Structure
USDJPY I Short-term long opportunity Welcome back! Let me know your thoughts in the comments!
**USDJPY - 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
XLM - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
XLM last week broke below the gray support and now approaching the green weekly demand zone.
For the bulls to take over from a short-term perspective, we need a daily closing back above the gray zone.
And then for the bulls to remain in control long-term, we need a daily break above the upper blue zone.
Meanwhile , until the bulls take over, XLM would be bearish and as we dive inside the weekly demand zone in green we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Institutional Demand: USD/CHF LongHi traders,
Starting today off with a detailed watch list session, which showed me several of interesting pairs to look at.
This chart, the USD/CHF looks pretty good for a pullback play to the upside, with the dollar being at great value in general. Overall, the DXY has been extremely bullish for the past year and is likely to hold itself together after the weekly and maybe monthly pullback we've been seeing now finally.
Trade safe, be patient for the developments at the lower-timeframes.
Kind regards,
MNieveld
EURCHF I Correction and continuationWelcome back! Let me know your thoughts in the comments!
**EURCHF - 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
GBPAUD I Potential +250 pip upside Welcome back! Let me know your thoughts in the comments!
**GBPAUD - 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
USDJPY dropped 💯 NEXT FORECAST (REDUCE RISK ENTRY)It's been a while I've been observing UJ for the drop. If the drop gon' sell more it gon' create a lower time frame correction to make the next leg of the sell i.e get pending sell stops ready..... THIS IS MY STYLE OF ENTRY
thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!
DXY - US Dollar Collapsing!!!?The DXY tracking the USD Currency is currently taking a massive hit while stocks surge on CPI data.
Generally, the DXY tends to move inversely with the Stock Market overall and is a good place to find resistance and support levels that are hidden in the Stock Market. (As DXY Finds support, stocks hit resistance; vice versa)
Recently the US Dollar Index has taken a massive hit after a yearlong nonstop Rally. For the First time, DXY Is breaking down thru major moving averages carrying the move this year.
The Dollar is finally seeing a larger size pullback.
We are diving in to the technicals here and seeing what may be in store next for the DXY
Technicals :
We have 3 major things in the chart outlined here.
- A 2 Month Long Flag the Chart was printing, that just broke below out of.
- 2 Different Trendlines from earlier this year, drawing the runup up.
We just broke all 3 of these in one day. A Retest of the Lighter Yellow Trendline did occur today, as you can see we got a wick-up & a rejection from the level, sending the stock market higher on CPI data.
Looking for further retests are key here, and whether or not the market rejects or the dollar retakes these levels.
Overall This Breakdown looks very bearish, and looking for retests seems to be the play.
Momentum :
Daily : Bearish Momentum Extending, possibly overextended.
Weekly + Monthly : Bullish Momentum from 2021 finally fading, and showing signs of a flip to bearish Momentum (TTM_SQUEEZE)
Thesis : bearish & looking for retests and sideways action after a drastic move.
Similar applies to the TNX and other Treasury Yield-tracking ETFS
USDJPY I Local short from resistance Welcome back! Let me know your thoughts in the comments!
**USDJPY - 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
USDCAD I Structure broken - next moveWelcome back! Let me know your thoughts in the comments!
**USDCAD - 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
GBPAUD I Potential short from reversal zoneWelcome back! Let me know your thoughts in the comments!
**GBPAUD - 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
GBPCHF I Bullish trend opportunityWelcome back! Let me know your thoughts in the comments!
**GBPCHF - 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
Institutional Supply: GBP/USD ShortLast one? haha
A lot of good things are shaping up, so I'll share one more to end it off today.
GBP/USD is looking very good for a bearish move, just like hybrid opportunity shared last week on GBP/CAD. As you can probably spot now, the pattern is very similar right as EJ & GJ.. this is what I love from trading.
The only task you have as a trader is finding a mechanical trading strategy, and repeat those rules everytime. For GBP/USD price is rejecting weekly supply and by doing that we just created a new area of daily supply which I shared on my chart above. Whenever price decides to come back to this level, I'll be waiting patiently for the lower-timeframes to develop the right way and see if we can see price tank from there!
Depends a bit on the DXY as well, price can go way higher for the dollar (see my dollar post) thus pushing this one lower, preferably after we pullback to this supply though.
Let's see! Have a great friday :)
Kind regards,
MNieveld
Institutional Supply: GBP/JPY ShortHi again!
The second similar pair that is added to my watch besides EUR/JPY is the GBP/JPY opportunity. The analysis is more or less the same, price has been in a up-trend which might end due to the new creation of daily supply at the top. The criteria of this zone is exactly the same as EUR/JPY shared previously, making me watch both of them when my alert triggers.
What I like from the higher-timeframes is the strong monthly supply area slighyl above or at the top of this daily zone, therefor my arrow is shows that price might spike above it a bit, which is totally fine in my opinion. We have a formula on how far it is allowed to go above.
Kind regards,
MNieveld
Institutional Supply: EUR/JPY ShortHi goodmorning,
Several more pairs are added to my watch list, with EUR/JPY being one of them. Let me set the scene.. price is moving lower since our previous supply area was tapped, and while going lower it is forming a new/fresh area of supply around that same price area. With the daily trend being broken to the downside, it's looking good to watch this zone when price comes back to it.
At the higher time-frames the weekly is at great value, stacking up with our daily supply. The only negative for this play is that it is probably a short-term move of a few days instead of a full long-term reversal. The monthly is very strong and it is likely that this one will continue higher after a monthly or weekly pullback.
As always when price reaches the zone, I don't blindly jump in but patiently wait for the 4hour criteria to be met.
Kind regards,
MNieveld
Bull/bear idea If price breaks trough resistance at 20,384 I’ll risk 1% of my account and aim to make 3%. Next resistance can be found around 21,075.
If price breaks support at 20,026 I’ll risk 1% of my account and aim to make 3% the next support is at 18,616. These are Two possible trade ideas I’ll be watching for the next 24hrs .
GBPJPY I Headed up from support!Welcome back! Let me know your thoughts in the comments!
**GBPJPY - 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
EURJPY I GAME time! Long from SupportWelcome back! Let me know your thoughts in the comments!
**EURJPY - 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
Institutional Demand: AUD/NZD LongHi Max here again,
The second AUD pair I am watching closely is AUD/NZD long, which is very similar at the moment as the AUD/JPY play I shared before.
For our tradingstyle it's rather normal that multiple correlated pairs are on watch together, this is good because our entry criteria is rather strict, and
having more pairs to watch therefor increases the probability to take action when a valid setup does present itself.
This AUD/NZD play is from a different type of zone than AUD/JPY but the probability is more or less equal.
Let's wait for a Hybrid opportunity and maybe some scale-ins later on.. first the zone needs to be reached.
Kind regards,
MNieveld