How to look for Shorts in my Trading System (GOOG Double Top)Hello guys, welcome to my first Trade Idea published here on Trading View!
Right of the bat I apologize for if my english was hard to comprehend at any time, feel free to leave questions down in the comments if there's something you haven't understood.
As to the idea, it is based on my very simple trading system, in which I do as follows:
Look for congruences between the EMAs, my RSI Zones indicator and my personal technical analysis of the chart, to find important supports and resistances .
Look for Price Action patterns near the support or resistance, such as Double Tops or Bottoms, Pullbacks after the breakout of a pattern, or Inside and Outside Bars.
Try to find congruent fibonacci measurements that point to the same price target. (In the video I give examples of how to draw targets from pivots and flags, in that order)
Then I just look for a previous high for my stoploss, and enter the trade!
It might take a while to get used to, but I find this system very reliable and simple. As it doesn't generate a huge amount of trades, it also helps me keep my risk managent and trading psychology under control.
Hope you liked it, and if you did make sure to like, comment, and check out my RSI Supply / Demand Zones indicator!
Double Top
LUNA reflectionRevolving around a better Short setup, since I missed the perfect entry (leveling my Bard in Lost Ark).
I think LUNA will arc towards 99 and then attempt to break below the Neckline (~94). Even without an arc, this S/R channel is a No-No zone.
With a successful Neckline breach, I'll be targeting 91 and 86.
Oh, yes, and Double Top, hence the Neckline.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
GBPJPY Analysis I SHORTWelcome back! Here's an analysis of this pair!
**GBPJPY - 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.
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Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
$LUNA Next 5 Weeks - Massive Double Top$LUNA previously retraced -60% from ATH in 5 weeks.
In next 5 weeks, will it remain in the rather symmetrical triangle w/ "minimal" retracement?
Retrace to bottom at -45%?
Knock out the bottom to mirror previous -60%?
Or full on correction @ -90%?
OR continue to new ATH?
Oil at 2011 Highs - What to look forThis isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out.
Below are some bullish and bearish headlines I'll be looking out for.
Bearish Oil Headlines Examples:
Cease Fire in Ukraine
Russians Withdrawal
Iran Nuclear Deal reached
Refusal to sanction Russian Oil
More reserves released
Bullish Oil Headlines Examples:
Military action involving NATO countries
No fly zone implemented over Ukraine
More nuclear weapon rhetoric
Sanctions on Russian oil exports.
NATO countries supplying weapons/equipment to Ukraine.
Iran nuclear deal negotiations fall apart
GBPCAD Analysis I It will continue to fall Welcome back! Here's an analysis of this pair!
**GBPCAD - Due to fundamentals over Russia Ukraine tensions, expect more downside to support.
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 - Bearish Shark Type2Could this be the zone that we can play with for a while? Looking for trading opportunities within the zone that was formed by the Bearish Shark Pattern.
And because it is caused by the movement of Shark Pattern, I'm going to call it, Shark Tank... =P
I'll look for shorting opportunity, like Double Top with RSI Divergence or Bearish Harmonic Pattern in the Range Bar Chart.