NZDCAD I More GROWTH Next Week! LONGWelcome back! Here's an analysis of this pair!
**NZDCAD - 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
Buysetup
CADCHF Long Trade OpportunityA 'buy' opportunity has just presented itself on the loonie-swissy trading chart. This is occasioned by the bullish harami candlestick pattern which closes just above the 0.74593 horizontal support level, which signals a fakeout and suggests an upward price movement.
You can still enter this trade by setting your stop slightly below the level mentioned earlier and placing your target anywhere between your entry price and the 0.78000 psychological level (ensuring a reward-to-risk ratio of at least 3.00).
Happy trading!
GBPCAD Weekly Zone - BUYBullish on GBP/CAD. Weekly Support Zone. This is just my observation.
- Remember risk management 1-3% of your capital
- Take profit of your position partially
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Waiting for a candle close and execute your plan.
- DON’T FOLLOW BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE! YOUR TRADE YOUR DECISION!
Agilent looking for technology rallyMy models say the Fed cannot raise rates beyond 0.5 points tomorrow or they cannot be trusted in the future. We should see a quick rally to end this week and perhaps begin next week, before the reality of $6+ fuel prices set in again and we continue the bear market.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on June 10, 2022 with a closing price of 121.62.
If this instance is successful, that means the stock should rise to at least 122.53 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.205% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 3.812% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 6.56% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 18 trading bars; half occur within 28 trading bars, and one-quarter require at least 38 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
$UCO ready to go higher after retesting broken resistance?Notes:
* Strong up trend due to macro situations
* Printed a Pocket Pivot as it bounced off of broken resistance
* Looks good on multiple time frames
Technicals:
Sector: Exchange Traded Fund
Relative Strength vs. Sector: 3.02
Relative Strength vs. SP500: 4.05
U/D Ratio: 1.62
Base Depth: 56.08%
Distance from breakout buy point: 4.42%
Volume 37.69% above its 15 day avg.
Trade Idea:
* You can enter now as the price just bounced off of the broken resistance with higher than average volume
* If you're looking for a better entry you look to buy around the $52.20 area
* Manage risk accordingly
GoldViewFX - END OF WEEK UPDATEBOOOOM BOOOM BOOOOM!!!!
We had the drop, committed to the buy we have been calling all week and then rode the move up with ALL TARGETS HIT. We got the retracement and then the push up hitting all targets and managing outstanding positions.
Please also see our weekly chart below posted last week, we identified the full swing to 1826 and then 1871. Played out perfectly!
Trading gold is not all about getting the direction right, its a combination of analysis, money and range management, we do this live with our members!
We are not posting any analysis now, as we are done for today! We will come back on Sunday with our Market Review and analysis for the week ahead.
Please support us by hitting like on this post, your support motivates us to provide regular content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
$RXST looking to head higher?Notes:
* Coming up on the right side of its base
* Volume increasing with price
* Two levels of resistance at which we can take partial profits.
Technicals:
Ticker: $RXST
Sector: Healthcare - Medical Devices
Relative Strength vs. Sector: 25.97
Relative Strength vs. SP500: 8.57
U/D Ratio: 1.7
Base Depth: 82.72%
Distance from breakout buy point: 1.65%
Volume -8.06% below its 15 day avg.
AUDCHF It will bounce from support Jun 8
Welcome back! Here's an analysis of this pair!
**AUDCHF - 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
$WCC ready to go higher?Notes:
* Great earnings in the recent quarters
* Strong up trend in the long run
* Price has been increasing along with volume
* Breaking out of a ~7 month base with higher than average volume
* Also breaking out with a pocket pivot
Technicals:
Ticker: $WCC
Sector: Industrials - Industrial Distribution
Relative Strength vs. Sector: 86.62
Relative Strength vs. SP500: 54.48
U/D Ratio: 1.05
Base Depth: 31.68%
Distance from breakout buy point: 2.1%
Volume 64.84% above its 15 day avg.
Trade Idea:
* You can enter now as the price just broke out of the base and is still close
* If you're looking for a better entry you can look for one around the $139.2 area as that should serve as short term support
* Manage risk accordingly
$ASH ready to move higher?Notes:
* Great earnings track record
* Very strong up trend
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 4.49
* Relative Strength vs. SP500: 6.32
* U/D Ratio: 1.38
* Base Depth: 29.41%
* Distance from breakout buy point: 0.42%
* Volume 205.16% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out with high volume
* If you're looking for a better entry you can look for one around the $108.63 area
* Manage risk accordingly
$FBRT ready to move higher?* Coming up on the right side of its base
* Picking up on volume as it ascends in price
* Broke out of its inverse H&S pattern earlier and now is in a tight consolidation
* Three consecutive pocket pivots
* Forming a bull flag
Technicals:
Ticker: $FBRT
Sector: Real Estate - REIT - Mortgage
Relative Strength vs. Sector: 6.65
Relative Strength vs. SP500: 5.77
U/D Ratio: 1.91
Base Depth: 34.91%
Distance from breakout buy point: -4.67%
Volume 21.91% above its 15 day avg.
Trade idea:
* You can enter now as the price is still consolidating.
* Reason for entry is that the stock has been printing pocket pivots for the past three sessions in a row.
* This shows signs of accumulation which can also be seen in the high U/D ratio value.
* Manage risk accordingly
Chilliz ascending triangleHello traders!!
Here we have a 4h chart of CHZ with the price situating in a decisive zone, this is a strong resistance, breaking it will mean that chz will blast and go to higher but if it fails to break out this level it will be a bearish sign and the price will tend to reach lower levels.
At the moment in my opinion a break to the upside is more likely due to the ascending triangle printed in chart witch is a bullish pattern that and signals a book long.
I don't really expect it to go till 0.24$ now due to the btc dominance breakout but it is a possibility for it to be reached in longer term the objective is 0.167$.
I will enter a long position at 0.134$ with stop loss at 0.127$ and take profits at 0.154$ 0.167$ 0.193$ and 0.24$.
I will be glad to see what do you think in the comments and if you agree with me push the like button, it helps a lot.
Regards and happy trading.
Long Buy BTC M15 with STOHASTIC RR 1:2BINANCE:BTCUSDT
Nice Scalp BTCUSDT with STOCHASTIC with Risk Reward 1:2
Acummulation bullish triangle on ADA with decreasing volume. Hello traders!!!
If you look at the 4h chart on ADAUSDT you can see an accumulation triangle that i will interpret as a bullish sign.
Taking in to account the strong upward movement that Cardano started last week it seems that the triangle is indicating an uptrend continuation.
If you look at the volume, it is decreasing, witch means the market is refusing to trade lower prices.
Bitcoin looks stable however, if it goes lower than 29000$ this plan is invalidated.
I will enter a long position on ADA at 0.550$ with stop loss at 0.5255$ and targets 0.686$ and 0.737$.
I will be glad to see what do you think in the comments and if you agree with me push the like button, it helps a lot.
Regards and happy trading.
Potential Buy/Long Week for USD/CADPotential Buy/Long for USD/CAD due to overall positive United States economy news for the week of the May 30th to June 3rd.
Potential Entry: 1.261 Area
Potential Exit: 1.2700 Area
Stop Loss: N/A Dependent on Trader
Disclaimer: I am not a licensed advisor. Trade at your own risk.
GoldViewFX - UPDATED LEVELS & TARGETS$Hey Everyone,
What a FANTASTIC day for our followers and members!!! We called it once again and we called it in sequence. We got the retracement like we analysed and then we rode the movement up, hitting all TARGETS and also our BUY signal TP.
We have NFP tomorrow so expecting volatility, however our stance on buying dips still remain and we will continue to seek out sniper positions from support levels and trade between our intraday levels. We have also updated the 1H chart with the new Goldturns for the range.
We may see some retracement close to the 1860 zone and if so, we would like to see this level be supported to solidify the structure.
We have TARGETS to 1869, 1873 and 1878. We will be using EMA5 cross and lock for confirmation of the movement or candle body close and our intraday levels for the sweet entries and exits.
We have also moved up our swing range to 1845, to manage risk accordingly.
As always we will keep you all updated with any changes to our plans and regular updates throughout the day. Please don't forget to like, comment and follow to support us, it helps us to bring more quality content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
$DRV PTs 56-100 and higher 3X Bear Real Estate ETFThe fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of its net assets (plus borrowing for investment purposes). The index is provided by S&P Dow Jones Indices (the “index provider”) and includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. The fund is non-diversified.
GoldViewFX - DAILY CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have been following this daily chart for a while now to give an overall picture of the direction. Price found support at the 1804 zone, as identified and then went onto HITTING 1858 target.
We are now looking for a cross and lock above 1858 to confirm further push up to the next Goldturns.
We can also see EMA5 is on the verge of crossing MA21 hopefully with another daily candle, which will confirm the lock. This will provide the momentum needed for another push up. Failure to cross and lock will see price rejected back to low 1800's.
As always we will keep this chart updated to keep in mind the overall picture and structure. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have been following this chart from last week, which has been playing out perfectly! Hitting level to level in sequence, finishing off Friday with our final TARGET hit.
We had the 1862 target HIT and now rejected here and potentially opening retracement to 1842 zone. However we are expecting 1862 to be hit again, as our next TARGET and we also have a gap open to 1879. 1879 is still quite far off and therefore targeting buys from dips and banking 30 to 40 pips at a time is the safer strategy for this market, when chasing a trend in volatile conditions.
BULLISH TARGETS
1862, 1879
RETRACEMENT TARGET
1842
SWING RANGE TO MANAGE RISK
1835
As always we will keep you all updated with any changes to our setups, please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHO
All 12 Tickers Continued BullishI mentioned in my "Silent Walkthrough" Video(May 26th) that I had 25 tickers that I saw had potential upside strength.
I shared 12 of those tickers, but all 25 tickers continued bullish today.
Some of the tickers continued bullish while others already hit their 1st targets.
NIO: Continued Bullish
AXP: Continued Breakout
BR: Hit top of bear channel
PNC: Hit top of bear channel
V: Symmetrical Triangle Breakout
UNH: Reversed & continued bullish
COST: Opened lower but closed higher
KR: Hit 1st target
LOW: At Breakout point
NKE: Continued bullish
TGT: Continued bullish
AAPL: Hit 1st target