#GBPJPY selling opportunityprice bearish impulsive move broke market structure as well as short term bullish trendline to the downside. price is now below 1H, 30M, 15M EMA 200, and in last hour price formed a bearish engulfing candle which shows that sellers are now into the market after a short term bullish corrective move.
now that we have different confluence for bearish scenario we can sell this pair if following happen:
1- price fail to close above the arrow
2- price forming double top or failure swing formation. (both of the formations shows price failing to goes higher)
3- bearish engulfing candle stick formation
Structuretrading
AUDUSD gains NFP momemntum.AUDUSD saw massive gains during NFP, on friday. Retailers' sentiment was mostly bearish leading up to the main event.
An opportunity awaits the bulls looking to join the trend, once price has returned to the broken structure.
We will anticipate a rejection of our POI before entering a possible contiuation to the upside.
Risk/reward matters in this game, lets keep it tight.
SIMPLE Scalping & Intraday StrategyHey Traders!!
Here's a live market example of an amazing system I created for scalping and intraday trading called, KiSS 2.0 (Kenya's Instant Scalping Strategy). This ONE system made me a profitable trader early in my career, making $100-300 consistently a day, and now I do much more than this. I am sharing this example because I know many of you follow our social media platforms, and I like to show you the system in real time. Here's an overview of the strategy...
1. It is a market structure based trading strategy (uses a naked chart and indicators BB, RSI, Stochastic, and MACD for confluence)
2. Includes our proven risk management technique (shared with students and in many of our videos)
3. Effective strategy for scalping and intraday trading
4. Ideal for small or large accounts
5. Perfect for beginner and experienced traders
6. Best way to master is to learn from our content and apply the rules to your trading process
7. Has a 90% win rate! I recommend to demo and record a minimum of 100-300 trades in a trading journal to find your unique edge
The indicator settings are as followed:
Bollinger Band: 20, close
RSI: 20, close
Stochastic: 5,3,3
MACD 3,10,9
I like to always start with a naked chart and my goal is to find the daily directional bias and trade with it (though I also trade strong counter-trend levels). Once price gets to your area of value, you simply refer to the indicator confirmations for confluence and ensure that everything is aligned and coming together (as indicated in the tutorial). I like to close several scalp positions in profit as the price moves in my favor and has good volatility, and I often hold one or two positions for an intraday target. If you're looking for a consistent strategy with lots of content around it, I highly recommend following for more and checking out all that we have published on it. I have no doubt you'll love it and I'm always happy to answer questions.
I hope you found this overview and analysis helpful!
What questions do you have?? Drop them in the comments! :)
To your success! - Kenya
NZDUSD Analysis Bullish Set Up Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
** Bulls have taken charge and managed to break resistance at 6850 zone. Now that structure is broken, we expect a slight pullback into previous structure support, which would be ideal for a
long opportunity. First tp 6908 and second tp 6960. Recommended stop 6800 zone.
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 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
Practically Trade able Support Resistance Zones for Gold XAU/USDPractically Trade able Support Resistance Zones for Gold ( XAU/USD ) . Take these Reference Points onto your charts and then trade when opposite candle stick(s) appear on 15min or 1 Hour chart, its your preference. Set the next zone as your Profit Target and the opposite edge of the zone (box) as your Stop Loss. Hope it helps.
If you find my work useful please LIKE, SHARE on social media and FOLLOW. Thanks.
GBPNZD Analysis - Corrective Structure in Progress Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
**
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 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
CHFJPY Nice Setup for Monday open on Asian sessionA clear structure formation on CHFJPY for sells and a short term buys after we reach the area of 123.578 as we see liquidity resting right below it. Price Action on LTF will be a good indicator to take those buys but 4H and 1H directions are at the moment for sells as Daily will be approaching for 38% retracement level at 122.500 and also a structure retesting structure level.
GBPJPY - Bearish BatIf you have engaged after this candle closed. It is a great call. And this is why you should have engaged in the trade.
1. It has reached the completion price of the Bullish Butterfly Pattern(cyan).
2. Bat Pattern consolidation at D, but fail to break and close above Point X of the Bat Pattern and that is a good sign. It attracts structure traders to hop in.
3. Long shadows appears, showing a strong rejection of the Bearish Bat Pattern.
4. RSI Divergence is a good sign of GBPJPY weakening.
Small move up then a drop from 1hr Supply ZoneSo the pair tried to make a short term move up yesterday, hit the 1hr Supply and rejected.
Will continue to monitor the areas and flow with the market
USDJPY - FAKE BREAKS & SHORTS AT RESISTANCEAs the USDJPY looks to violate the 111.00 even handle my guess is that a lot of traders will anticipate a bullish breakout. This may be true, but it also may be short lived as if you LOOK LEFT (Structure leaves clues) you'll notice 2 overlapping levels of previous resistance from the 1st quarter of 2020.
Now there is certainly room to the upside for those getting long, as those levels are 75-100+ pips away, but personally I'll be looking for opportunities to short as we come into those highs taking more of a contrarian view (as I often do).
I hope you guys are having a great week of trading & if you found any of this helpful please leave me a thumbs up. Also if you have any questions or comments please leave them below as I do read and respond to each one.
Your Trading Coach
Akil
EURUSD Long Term OutlookCurrently not much on lower timeframes to be traded so looking at the larger ideas for now.
We recently changed trend on the 1Day chart and the next turn point of this level is at the purple line shown at 1.14963. From there we may expect a continuation of the major (weekly/monthly) trend which is bullish.
Currently the market is overextended and we should expect a pullback before continuing to that level. This pullback should be at the demand zone shown.
From this demand zone, we should swing to the supply area and then a massive swing opportunity presents itself at that high to target the purple line.
Next Trade:
1. Sell to Demand Zone (ONLY if an opportunity shows itself)
2. Buy at Demand zone (after confirmations)
Housekeeping:
Computer was down for a bit, then had to catch up on work. Glad to be back!
Did a lot of work updating my analysis techniques as well, hope it serves well...
✅ Like if you like!
✅ Comment your thoughts!
✅ Follow me here to see more ideas as things develop!
~Blessed Trading~
It was UP! EURUSD following the plan...After my post earlier, I spoke with a friend and realized my demand zone was incorrect..
Market reacted beautifully and is on its way back up, potentially finishing the wyckoff reaccumulation!
Looking out for opportunities to get in!
✅ Like if you like!
✅ Comment your thoughts!
✅ Follow me here to see more ideas as things develop!
~Blessed Trading~
Which Way EURUSD?Looking at the market now, we had a great push from the spring point but failed to make higher highs.
The pullback is also coming very deep right now, seemingly deeper than normal for a continuation from a spring.
We do have a potential support level labeled as the LPS so will be looking out for that.
PS. My computer was down earlier this week so unfortunately did not catch the sell.
We are currently in consolidation so I'm largely sitting on my hands for now.
Ideas welcomed!
✅ Like if you like!
✅ Comment your thoughts!
✅ Follow me here to see more ideas as things develop!
~Blessed Trading~
EURUSD HTF Liquidity GrabThis is the rest of the details for framing up the charts and my current idea of this high timeframe liquidity grab.
Current reaccumulation almost complete.
The red zone must be broken for the creek to be considered broken. Once broken, we will look to catch the LPS and continue to trade higher.
Note:
Reaccumulations usually look like distributions up until the market jumps the creek. I am biased to my direction due to the higher timeframe perspective.
If the red supply zone "holds" in the creek, we may consider it a distribution pattern and flip our bias to the sell side.
Stay Flexible!
✅ Like if you like!
✅ Comment your thoughts!
✅ Follow me here to see more ideas as things develop!
~Blessed Trading~