Bitcoin Pulling Back. And Altcoins depend on this ONE thing.Traders,
Alts are sitting precariously on a level of support right not. Will that support hold or will it fail? Let's look to the charts to find some more clues if we can.
Stew
Pullback
USOIL - Trend Continuation Trading Breaking down a potential bullish trend continuation trade on USOIL walking you through the 4-step process that i use to consistently break down potential trading opportunities.
If you enjoyed the video please remember to show me some love by hitting the LIKE BUTTON and/or leaving me a question or comment below!
Akil
HUGE SPY Call(+100%)This one was HUGEEEEE. I've noticed one thing now. TRADE INVERSE HEAD AND SHOULDERS. I mean my goodness, we traded it 3 timtes this week or around there, and didn't lose once. Opposite of that on every play we had +50% or more.
Entry:
INVERSE HEAD AND SHOULDERS(Best strategy ever)
5 min -
Inverse head and shoulders
RSI above 50
1 min -
HUGE inverse head and shoulders
Got the trade off pullback of right shoulders(marked the zone green from top of body to low of body and took the trade once it got in there).
Instead of buying as soon as it got in the zone, I bought when price closed above 14 EMA
BT cloud flip
Held trendline
ADAUSDT wants the pullback?
the market lost the support after a false breakout from the falling wedge
How to approach it?
The price could create a pullback until the 0.618 Fibonacci level, so According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Trading RSI Divergences LIKE A BOSS (I may have failed you)Get your copy of the Free Heiken Ashi Algo Oscillator
I'm not going to lie. There is WAYYY too much technical stuff to type up in this for you guys. its best if you watch the video. Always Always Always ask questions below. I am always more than happy to show you what's what.
This is some UPPER LEVEL STUFF in this video and i know a lot of you won't fully understand it but i want you to understand what it is that you DON'T KNOW about.
Unless you know these things, you won't know what questions to ask about. So here we go. Let's get into it.
Trading the RSI Divergence like a BOSS
After the RSI Divergence is found:
On the chart: (KEYS)
1 = last HH
2 = current HH
3 = 1st HH Closing Price
4 = Confirmation of candle closing BELOW 1HH close price
5 = Find your targets
6 = Pinpoint any target with multiple confirmations
Steps to take:
1. See last Highest High
2. Draw a line across the last Highest High close price.
3. Confirm second HH is higher price but lower RSI value.
Now wait....
4. Wait for candle to close below price of step (2)
5. Enter SHORT if (Heiken Ashi Candle is closing RED)
6. Your 50ema is Take Profile #1 (Set it up)
7. Your swing high is your stop loss
8. What does the RSI Formula tell you? Is it in the positive? So what! Use the same numbers but trade SHORT. Yep, that what i said, TRADE IT IN REVERSE! This is Take Profit #2
9. Do the Fibonacci trick to confirm which is closer (tp 1 or tp2)
10. Look left for the most recent area of Liquidity. It's a candle with a long wick up or down where price reverses sharply.
11. Scan the Algo for a price level WITH volume. You have found your target. Adjust your take profit and walk away.
A look at the market's reaction to JPOW and fomc co. Traders,
Let's talk about today's FOMC press release, the market's current reaction, and where we can expect this will lead us into next week as well as what today's FED vs. BIDEN admin tug-o-war means for future macroeconomic conditions.
Showcase: A quick trade on e-mini Dow Jones (YM, 25 July 2022)I recorded the video abit late:
There was a nice pullback formation earlier and if you look on the left side of the chart, you can see the price was on downtrend before it made a reversal with high vol. (indicated in the video as SO, which is actually an SP based on the bar characteristics).
I did set my EP at 31282 but the price volatility caught me off guard and I emotionally entered on market price. Eventually price went down to capture my earlier EP level before continue moving upwards.
We managed to exit with 25pts profit for holding of less than 10mins. This shows that having a proper background and entry on Pullback would yield a good return; bear in mind that in Futures, you need to enter in and out quickly.
AUDCAD Levels to Watch! SHORT Welcome back! Here's an analysis of this pair!
**AUDCAD - 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
Shorting US30 - using pullback strategy in TMA indicator The major trend is Downside in US30
So we are waiting for price to come to the top bands in M15 chart
(30400 can be zone to SELL the US30)
Good example of trading based on pullback strategy with TMA Reversal Channel Indicator.
KNCUSDT wants the pullback?
The price is going to have a retracement after 4 months of the uptrend and now it's testing an important area as new support.
The price could have a pullback before a new bearish impulse until the monthly support.
So, how we can approach it?
IF the price is going to have a pullback, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
EURCAD Impulse Correction ContinuationWelcome back! Here's an analysis of this pair!
**EURCAD - listen to video analysis.
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
Entries on GOLD. When? Make sure to watch the video until the end to find out when would be a good time to open a position on GOLD. I'm also sharing the SL levels that I will potentially use and also where am I expecting for price to go next.
Leave a comment, give us a like and follow us to see more trading opportunities in the future.
Jasmy Coin almost doubled on Tuesday! Who took profits? I did!In this video:
* I review the price action of Jasmy Coin
* Where I sold
* Why I sold
* How I plan to re-enter
* What I expect to happen over the next few days
Matic waiting for pullbackHello everyone,
Stoch RSI is still signalling an imminent pullback for matic which is going to be around 10%.
I would invite you guys do not buy yet and wait for the pullback and for support confirmation.
Have a nice trading week.
DXY - BULLISH PULLBACK TRADEThe DXY has just broken above a previous level of structure resistance & there seems to be a good amount of open space before it reaches the next level. If we can get a pullback into the previous level of resistance that we would look to act as the support, it would offer the opportunity to get involved in a bullish continuation trade.
Akil
<TradeVSA> Shakeout + Pullback. Bullish Setup?Sign of Strength in the chart:
1. Reaccumulation with Shakeout
2. High volume heading to resistance
3. Pullback
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Learn To Identify The Types Of PullbacksIn this video, I talked about the types of pullbacks and how to identify them. These pullbacks are the reasons why some traders get caught in the accumulation mix from the big banks. so learn to identify them to be amongst the 1%
Remember Trading is risky but learning reduces its risk.
cheers,
luchi!
AAPL Trend AnalysisHello All,
This is what I look for when studying a chart. I hope this helps you in doing your own analysis.
US Dollar: Time For A Pullback?Price is making a Triple Top at key resistance. A liquidity grab was completed. What is the intended move now?
In this video, we will analyze the US Dollar Index (DXY), and see what's to see.
Check out the analysis and find out.
<TradeVSA> AMBANK Pullback Soon? Potential Trade in AMBANK-C29 ?Main focus in the video:
1. Identify Solid support with NS
2. Break above resistance with gap
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
XRPUSD - Breakout & PulbackIn this video we take a look at breakout & pullback trading & how I go about making the prediction for which direction price is likely to go in & specially where I think price is likely to go to.
As always please leave any questions, comments, or shared ideas below
Your Trading Coach - Akil
<TradeVSA> CMSB - Successful Reversal with High VolumeMain focus in the video:
1. Combination and chart reading with Weekly, Daily and Hourly chart
2. Bag Holding as Support
3. High Volume with Change in Trend
4. Trendlines as confirmation on Reversal
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
GBPJPY - Ascending TriangleAn update on the ascending triangle pattern that we were looking at yesterday on the GBPJPY along with a conversation on how price patterns can morph & change over time.
