ShortCorrectivestructure
Short
Clear points of entry for either scenario - VERY clean setup.This pair has been sat in some serious corrective price action. i'm hoping we can see a break next week. Which way do i think its likely to break?
Probably up, but i'm also very aware that if the bears muster the strength to break that 1.180 area, then we also have a double top that could be good to trade to the bottom of that correction.
Targets for the (potential) double top sit near enough directly on that bottom level.
So to summarise, although i think this pair is likely to break above, i will not be trading my opinion. i'll be trading what i see.
A break, close & pullback on the upper level and ill be looking for longs.
A break of that (potential) double top neckline and ill be looking to short to the corrections bottom.
MACD looking as though the double top could easily come into play, but as above, i'll trade whatever it wants to give us.
Education
Long
Long/Compra SAPR11: End of ABC Correction/Fim de Correção ABCSAPR11 is almost finishing its Corrective WAVE C down. We should see a thrust upwards marking the start of the next impulse upwards, on it's way to breaks the highs seen on the start of the ABC.
SAPR11 está quase terminando uma onda corretiva C para baixo. Devemos ver um empuxo para cima, marcando o começo do próximo impulso, a caminho de romper o topo feito no topo do ABC.
Long
Short
Overall BA looks corrective but still see some near term upside.All corrective moves for BA so far but looking for some near term upside.
Long
Short
Sell after correctionWaiting for this correction to be finished by either creating a double top and waiting for a strong sell signal at the double top.. or we fail to reach to create a new high and we break the flag pattern
Short
USDCHF BuyA double bottom was created on this pair. Entry was on the 1H TF. There is still some time to enter when keeping price action in mind. Possible Tp is indicated with the arrow.
This is just my idea and how I entered the trade.
Long
Long
CADJPY Breakout; Heading to Weekly HighsFollowing an impulsive move upwards, and now we are in a bit of a corrective structure or consolidation, if you will, we might retest the trendline before continuing to the upside where the previous weekly high was.
Long
Short
GBPJPY Arrives at Major ResistanceWhat should we expect next? Following the game of Probabilities and Possibilities, there is the very likely probability of price going lower, at least to end of the parallel channel. While the possibility of price heading higher afterwards, although just my bias, but it's likely we may head higher over the coming weeks. We're still in an uptrend after all, don't forget that.
Short
Long
Ascending channel formingLooking for that first clear possible rejection within the ascending channel
Short
1st potential reversal point First potential reversal point for GBPUSD keep your eyes peeled for an impulsive move to the downside followed by a correction and then the possibility of even further downside
Short
Sand P Correction Looming?Chart says all. It's a bear rally, struggled to second top climbing up underside of TL, broke below again.
Headed lower IMO. I shorted the rally back to close gap (an incomplete gapfill but got close). Next session might bring a major breakdown.
Of course a reaction rally is always possible; short the rallies.
Not investing advice; trade at your own risk; GLTA!
Short
Long
Bullish long term for EU? Can see real upside momentum wtih EU unless something changes with this Coronavirus and there is a 2nd wave causing the stock market to crash again and the dollar to gain in strength. We shall see what happens
Long
Short
Short
Short
EUR/USD Analysis Hello Traders, here's an update of this pair. Red is sell zone, yellow is potential take profit target.
Like, comment, and follow if you'd like these trade ideas delivered straight to your email in the future.
Please comment if you have any questions, and we'd be happy to answer :)
Brian Kenya Horton, BK Forex Academy
Short