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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
Short
by BKTradingAcademy
14
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
Long
by BKTradingAcademy
3
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
TVC:DXYShort
by ZachSap
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
Short
by BKTradingAcademy
18
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
Short
by BKTradingAcademy
9
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
Short
by BKTradingAcademy
15
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
Long
by BKTradingAcademy
9
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
Short
by newcapitalfx
1
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
Short
by newcapitalfx
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
Short
by newcapitalfx
1
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
Long
by BKTradingAcademy
23
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
Long
by BKTradingAcademy
10
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
Long
by newcapitalfx
Institutional Demand: AUD/JPY LongHi mate, One of the AUD pairs on my watch list for the upcoming 48hours is AUD/JPY long from weekly and daily demand. When price finally reaches our value area, I'll wait for the standard 4hour entries to develop and take (if valid) our fixed risk to reward of 1:3 as explained in the previous recap. Our trading style is extremely mechanical, so might be a bit boring. Yet better be boring and profitable than excited and poor. More things will be shared here soon! Kind regards, MNieveld
Long
by newcapitalfx
EURCAD I It will rise from support Welcome back! Let me know your thoughts in the comments! **EURCAD - 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
12
GBP/CAD Short - 31 Oct 2022 | Hybrid Move Result +3.00%Hey traders, Yesterday the GBP/CAD short bias was shared, today I want to show you a bit behind the scenes of our trading style. First of all, everything in your trading plan should be mechanical: 1. The zones we draw are always from the same imbalance candles (our indicator) 2. The entries we take are always provided by our entry script (our indicator) 3. Stoploss & Targets are always the same by our formula (see tool on screen) These 3 things already can turn you profitable in trading, if of course you tested your strategies a thousand times like we did. --- GBP/CAD was a beautiful monthly and daily supply stack! On the 4hour we did see price tap our zone last wednesday, however it was just a spike and the entry candle did not form high enough by our mechanical rules.. not gonna share the boring details. The risk to reward we use is always 1:3 and that is exactly what we did see with this setup. Hope you like this insight! Kind regards, MNieveld
by newcapitalfx
GBPCAD I Potential Buy from Support NecklineWelcome back! Let me know your thoughts in the comments! **GBPCAD - 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
9
Where is that dollar going?Hi everyone, Let's talk about the next targets for the DXY . Within our community we've been watching this one since it created monthly demand, and re-used old monthly demand from a while back. Yet, I don't really care much where it is coming from, I care about where it is going. What you can see at the chart above is that the DXY is moving towards monthly and quarterly supply, which is around the 116 to 120 mark, from here I expect the bullish montly trend to atleast pullback for a few months or consolidate. But for now, more upside is likely as long as the weekly trendline and demand zone holds. If we're not moving for the upcoming 2 weeks, but stay above these weekly catalysts, the bias remains up. That's my view in a very small summary! Kind regards, MNieveld
TVC:DXYLong
by newcapitalfx
Institutional Supply: GBP/CAD ShortHi everyone! It's been a while that I've been sharing some charts! The main currency of interest at the moment is The Pound! With a crazy strong move for the past weeks, finally many GBP based pairs have reached clean areas of value. The chart you're seeing above is GBP against CAD, which is currently sitting at a obvious daily and monthly area of value for us. Those that know how we've been trading for years know how to capatalize on these moves, I'll keep sharing some charts the upcoming weeks ahead. Have a good time trading! Kind regards, MNieveld
Short
by newcapitalfx