KB_MarketAnalysis

KB_MarketAnalysis May 7, 2020

The pair is on an uptrend channel looking at the Daily TF and has found support on the 50EMA. Looking down on the 1H-2H timeframe, it is currently retesting this resistance level highlighted on the chart. Action Plan: - Wait for breakout of the current resistance level. - If it breaks out, depending on your strategy, take a long position with the first TP point...

KB_MarketAnalysis May 7, 2020

The pair is back at the previous swing low which has provided support at least twice (zoom out to 4H TF) This level is also a Fibonacci level in confluence with the 50EMA which has been tested twice and provided resistance (1H TF) Action Plan: - Wait to see if the price will respect level and bounce back or break out of the level. - If price breaks to the...

KB_MarketAnalysis Apr 28, 2020

Gold has been rallying since March 20 (day before S&P 500 found its current bottom) and has reached new highs since November 2012. Would Gold continue its rally? I'd be closely watching at price action around the $1,686 zone. Stochastic is looking bearish and if the price breaks below that zone forming a double top, I'd be looking for short entries. However, if...

KB_MarketAnalysis Apr 13, 2020

The pair is retracing after the break of a level at ~108.38. Plan: - Wait for the price to finish its retracement and wait for a confirmation signal. - After a confirmation, go short with stop at the top of the 108.38 level or 50EMA. - Put TP on the current swing low or trail until a bullish momentum occurs. Things to look at: - The price respected the 50EMA...

KB_MarketAnalysis Apr 9, 2020

The pair is approaching OB and is currently on the previous swing low level that could turn into resistance. Plan: - Wait for a confirmation candle and a bearish momentum - After confirmation, enter short with TP above swing high, previous swing low, or 50EMA. - Trail stop until bullish momentum reversal Things to look out for: - 2H is approaching OB - Strong...

KB_MarketAnalysis Apr 7, 2020

The pair is on a key resistance level which has been respected since 14 March. Plan: - Wait for the pair to tell us where the price would go. - If it breaks above the level, wait for a pullback and a confirmation to trigger long. - If it gives a sell signal and a confirmation, enter short. - Trail until reversal momentum occurs. Things to note: - The...

KB_MarketAnalysis Mar 31, 2020

Potential Head and Shoulders pattern emerging on the pair. Plan: - Wait for the price to break lower of the right shoulder. - Wait for the pullback and a confirmation, then go short. Things to look at: - EURUSD is currently bearish on the daily. - The greenback is rallying following a steep drop.

KB_MarketAnalysis Mar 31, 2020

There is a consolidation in the pair following a strong rally. Plan: - Wait for the price to break out of the pattern. - Once the it breaks out, wait for a pull back. - Watch price action in pullback. If a natural pullback (not engulfing, smaller candles, etc), we can place our position to the direction of the break out.

KB_MarketAnalysis Mar 26, 2020

Currently the pair is doing a pullback on the 4H timeframe. If we lookdown on the 2H and 1H timeframe, the momentum is OS. Plan: - Wait for a reversal to the 1H timeframe with a confirmation (rejection, engulfing). - The volume of the confirmation candle should be greater than preceding candles. - The higher timeframe should make a momentum reversal to the...

KB_MarketAnalysis Mar 25, 2020

Rising wedge on the USDJPY following a range. Plan: - Wait for the the price to break out of the pattern. - Once it breaks out, wait for a pull back. - Observe price action on the pullback. - The volume of the breakout should be higher than of the pullback. - If there's a signal and a confirmation of a continuation of the break out, we get in the trade. - Trail...

KB_MarketAnalysis Mar 24, 2020

USDJPY currently ranging and signals on 1H are holding well. We can scalp these trades when we get confirmation and a signal on our stochastic. Exit the position once a momentum reversal signal on 1H occurs. Thing to watch out for is that the pair is showing higher lows which could signal a big move might happen in the near future.

KB_MarketAnalysis Mar 20, 2020

A reversal in action on the Sterling after breaking 1H 50EMA resistance level and bullish reversal on the Daily. (Look for long setups) Wait for a pullback and a confirmation candle and trail stop until 4H bearish momentum reversal. Repeat until Daily momentum reversal. Pay attention to the 50EMA on the 4H if it will hold as resistance.

KB_MarketAnalysis Mar 20, 2020

Potential reversal in progress and the pair is currently retracing on 15m charts. Enter long on the buy signal along with a confirmation and trail until bearish momentum reversal on 4H.

KB_MarketAnalysis Mar 17, 2020

Strategy: Wait for long signal on the pullback on the 50EMA and TP on the previous swing on the 4H candle. Trail stop until a bearish momentum on the 4H candle.

KB_MarketAnalysis Mar 17, 2020

Gold slides as the greenbacks are in demand for liquidity. Strategy: Wait for a pullback on the 50EMA and a confirmation candle before going short. Target the most recent swing low and trail stop until a bullish momentum reversal on 4H.

KB_MarketAnalysis Mar 12, 2020

Here's one of the trades I took as Silver showed a strong bear movement and has been respecting the 50EMA. Added to the equation is the initial jobless claims report released a few minutes ago which has beat expectations which has strengthened the USD. Technical analysis combined with fundamentals contributed to the success of this transaction.

KB_MarketAnalysis Mar 12, 2020

Wait for retracement to the EMA and after a confirmation candle, we enter long. We can trail our stop to the first swing high. Next TP zone is at the 0.9767 area.

KB_MarketAnalysis Mar 12, 2020

Strong bearish movement from the Monthly down to the Daily. Wait for the price retracement to finish with a confirmation candle and the oscillator to the overbought area then go short with the stop above the 50EMA. We then manage our trailing stop according to the OB OS cycle in the 15m or 1H chart.