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Weekly Trade Recap: UK100, NZDJPY, USDCAD 04-17-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 3rd- April 8th. UK100: running position Full analysis/forecast: USDCAD: Out for BE Full analysis/forecast: NZDJPY: Out for -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
OANDA:UK100GBP
by jojofang0901
11
NZDUSD Short Set Up This Week!Welcome back! Here's an analysis of this pair! **NZDUSD - headed for support at around 6720-6700 zone which we can expect a bounce and then continuation downward. We will be monitoring 6790 area for re-tests and potential entries for scalp, intraday, and swing. Targets would be 6765, 6730, 6700, 6610. 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
USDCHF Analysis I Correction and Push Higher Welcome back! Here's an analysis of this pair! **USDCHF - We expect a temporary correction from resistance 9450 area and then continuation higher IF the resistance is broken. Next target after 9450 would be 9515 resistance/previous support. Ideal area to place buys this week is 9375 zone (strong previous resistance turned future 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
Long
by BKTradingAcademy
How to analyze any market from scratch #3Hello everyone: Many of you have asked me to continue making more of these analysing from scratch video, so I have prepared another one here for you today. Not only will we refresh the previous 2 educational videos on this topic, I will go into a bit more details on the confirmation on the lower time frames with multiple examples in the chart. Recall from the previous videos I made, when we want to analyze the chart from scratch, we always start: 1. From the higher time frames (HTF) to identify the impulse/correction phases of the market conditions so we can come up with a possible bias and direction of the current price. 2. Once we have a possible direction and bias, then we go down to the lower time frames (LTF) to also identify the impulse/correction phases which will lead to your confirmation and entry. These are simple steps to follow, based on multi-time frame analysis, top down approach. Many have told me it's not hard to identify the HTF’s impulse and correction, but what can be classified as a LTF confirmation before entry? Let's take a detail look into a few examples: A LTF confirmation is when the price is developing a few more price action structures/patterns that align with your HTF direction and bias. These can be continuation/reversal corrections on the LTF; impulse phases on the LTF that go with your bias on the HTF; multiple corrections within the larger corrections (patterns within patterns)...etc. The more of these LTF price actions you can identify, the more it strengthens your analysis and forecast on the HTF. Thank you Do check out my previous educational contents on this same topic to better learn my approach to analyse any market from scratch. How to analyze any market from scratch #1 How to analyze any market from scratch #2
Education
by jojofang0901
18
Weekly Trade Recap: USDCAD, ADA, ETH 04-10-22Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Apr 3rd- April 8th. USDCAD: running position Full analysis/forecast: ADA: -1% loss Full analysis/forecast: ETH: -1% loss Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
by jojofang0901
22
GBPUSD important support area ...Hello Traders , if you see GBPUSD in weekly tf , you'll understand that it is in an uptrend and the last higher low is where exactly the price is now ! If a breaking of the structure happens in this support area , the weekly tf uptrend will be invalidate. I see the major momentum says the sellers are stronger than buyers and in the very last candle there is a full bear candle which means breaking the structure is more possible here ... What's your Ideas ?
by sajadakrami1378
EURCAD Reversal Price Action In the Making Hello traders: Also caught my attention is EURCAD for possible bullish reversal development. From the HTFs, we can see price has managed to move down to a previous lows, but within a descending correctional structure. This alone is usually not enough confirmation of possible reversal yet, hence we go down to the LTFs to see if theres further development. We can see now within the HTF descending channel, there is also a smaller, LTF descending channel as well. Good to have extra confluences stack on top. Now we just need to wait and see, if price can impulse out of the correction, and form further continuation corrections to confirm further upside move from the price. thank you
Long
by jojofang0901
27
NZDCAD Bullish Price Action, Wait For Buy Setups Hello traders: Also looking at NZDCAD for the potential upside move. WE can see price has formed a larger descending structure, correcting the price down. Latest development has also formed a lower time frame descending channel for potential bullish reversal price action. What we can wait for is price to commit to the upside, with a lower time frame impulse phase, pushing out of the descending channel, then wait for confirmation of a bullish continuation correction for the buys. if price does indeed impulse higher and out of the larger, higher time frame descending structure, then look for further continuation correction for more upside. Thank you DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
Long
by jojofang0901
13
CHFJPY Short Welcome back! Here's an analysis of this pair! **CHFJPY - Bearish breakout and strong rejection at key level. Targets 132.76, 55, and 131.00 swing. 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. Trade wisely! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
200 PIP move incoming?Hey Traders, Looking on the 4H chart for NZD/USD here, we've got a very interesting setup. As you can see we've had three solid bullish moves as marked by the purple rectangles, each supplying a solid demand area. The bottom 4 hour demand area is an area which I believe this price will come back down to and will bounce accordingly. You can see the solid bull run we have had from that area, yes, we did have one of the early candles in that move come back down and test that demand but I want to see full price action come back in and test that. If we do manage to get down to 0.677, I will also be looking to take this long from there. You can see that we filled supply at the top of the chart, we have just taped in there as outlined by a little blue circle on the wick. Once we taped up in there, we had a solid bearish push indicating there may be some more bearish power coming into play. While I'm not looking to just enter blindly when we come up to this 4 hour weak supply. I do want to see a solid bounce down on the 1H or 15M chart. As usual, I want to see a trend line break, I want to see some structure breaks, I want to see a solid indication that we are going to head lower from this area before taking the trade. We have some pretty obvious take profit points on the chart. Overall, I'm looking for a 200pip move over the next week. It will be interesting to see how it performs given NZD usually coincides with the AUD and I'm expecting Aussie dollar strength over the future, so keep an eye on this. Let's see how it plays out and I'll keep you updated. If you have any questions, please ask away in the comments!
Short
by the5erstrading
GBPUSD , DONT BE STOPPED OUT ON THE SELLS THIS TIME ROUNDFrom this position right here. we find that the price action is much trying to retest the previous lower highs , then later attempt to reach the lower lows .But in this case we do understand that the retail sellers have great interest on the move therefor setting a great deal of stop losses and buy orders up the previous resistance zone. so if I were to think against the conventional retail traders of whom 95% are relatively on the losing end , i.e against the banks .I would activate their stop losses . and buy orders in the direction they expected and get the liquidity trade trade offs . so in relation to this I would expect the price action to intentionally spike up . and to these high back up here , then moves and closes below the lower structure. this gives me the sign to SHORT. FUNDERMENTALS foe the WEEK. Governor Bailey is due to speak on Monday and traders will search for interest rate clues. The BoE softened its tone a little after the last meeting and yet markets are heavily pricing in a 25 basis point hike at each of the next five meetings, taking Base Rate to 2% by the end of the year. Bailey may use the platform to push back but probably to little avail given current inflationary pressures and more to come from commodity prices and the higher energy price cap from this month. We’ll also hear from a selection of other members of the MPC next week, while final services and construction PMIs are the data highlights.
Short
by DIGITALASSETSINC
Weekly Trade Recap: ADA, ETH, EURNZD, GBPAUD 04-03-22 Welcome back to this week’s trading recap video. Let's take a look at the trades closed this week between Mar 27th - Apr 1st. ADA: running around BE Full analysis/forecast: ETH: running around BE Full analysis/forecast: GBPAUD: Out for +2.5% profit Full analysis/forecast: EURNZD: Out for +0.5% profit Full analysis/forecast: Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
BINANCE:ADAUSD
by jojofang0901
25
GBPAUD Still Look Fore More Downside Similarly, we can see the strong bearish move on GBPAUD from the top of the ascending structure. From the double tops, smaller ascending channel, price reversed down impulsively like I pointed out from the previous outlook. Now that price has broken out impulsively, there's likelihood of further continuations What we can wait for is price to form a bigger consolidation structure, and continue the downside move to previous lows. Thank you
Short
by jojofang0901
14
GBPNZD Possible Further Drop, Wait for bearish price action Also dropping is GBPNZD as we can see from the top of the structure, double top, reversal price action and indeed the bearish impulse move down. Price is now at the bottom of the higher time frame structure, and is possible to continue downside, if a continuation correction can be formed. Similar across, wait for a bigger correction to form by moving up on the lower time frames to form a bigger correction before another move down to previous lows. Thank you
Short
by jojofang0901
21