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Correction

GBPCAD weekly breakdownHello hello! After a bearish year for GBPCAD , it finally shifts on a weekly perspective, breaking the Moving Averages & EMAs finally crossed. For the past 3 weeks we saw a strong impulse on this pair, now waiting for a slow correction that can be followed by another strong impulse upwards. Moreover, the Commitment Of Traders data shows confluence on this analysis, GBP becoming stronger while CAD weakening. We now have to wait in order to see a correction, and only after that we can be looking for an entrance!
Long
by m_maia14
NZDUSD creating a new IMPULSEHello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move higher, creating another impulse. The EMAs and MACD show confluence as well, but only after the break we can react, as trading is about reacting not predicting:) Let's see what happens next!
Long
by m_maia14
3
SPX: Must-know support/resistance levels for the short/mid-term!• The index is losing strength this morning, and if it loses the purple trend line in the 1h chart, this might be a sign that it wants to seek the next support level again, around 3,906; • In order to avoid a sharper correction, SPX must react and break the 3,980 as soon as possible – however, there’s no bullish evidence to sustain this idea for now; • The 3,906 is the key support, and if SPX loses it, the correction would persist and it could fill the last gap around 3,800 (yellow square below the price, daily chart); • It all depends on how it’ll react in the next few hours and on how it’ll close the candlestick in the daily chart. I’ll keep you guys posted every day on this. The link to my previous analysis is below this post. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
AUDNZD I Here's what to expect next week! Welcome back! Let me know your thoughts in the comments! **AUDNZD - 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
Short
by BKTradingAcademy
9
AUDCAD Local short and buy opportunity!Welcome back! Let me know your thoughts in the comments! **AUDCAD - 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