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Support

AAVEUSDT is testing the support The price is testing the monthly support on 110 $ level, it's a key level. On the daily timeframe the price got a rejection from the 0.618 Fibonacci level, it's a key level for the market and now the price is testing the previous support. How to approach? IF the price is going to lose the support, 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 🦐
Short
by InkyGrip
EURCHF I It will go up + 40 pipsWelcome back! Here's an analysis of this pair! **EURCHF - 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
Long
by BKTradingAcademy
4
ALGOUSDT needs new liquidity for the reverse trade The price lost the monthly support and now the price is going to create a falling wedge on the monthly support. The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse. On the 4h timeframe the price is testing the support above the demand zone. How do you approach it? IF the price is going to have a breakdown from the 4h support and grab new liquidity, tra 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 🦐
Long
by InkyGrip
2
AUDCHF It will bounce from support Jun 8 Welcome back! Here's an analysis of this pair! **AUDCHF - 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
Long
by BKTradingAcademy
6
USDCHF I Headed toward the support areaWelcome back! Here's an analysis of this pair! **USDCHF - 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
Long
by BKTradingAcademy
11
NZDCAD I Update I Strong BUY Coming!Welcome back! Here's an analysis of this pair! **NZDCAD - 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
Long
by BKTradingAcademy
7
EURGBP I Scalp + Intraday 25 - 30 pipsWelcome back! Here's an analysis of this pair! **EURGBP - 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
Long
by BKTradingAcademy
AUDNZD I Short-term Buy & Strong Sell ComingWelcome back! Here's an analysis of this pair! **AUDNZD - 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
Long
by BKTradingAcademy
2
Why Shorting support & Longing resistance gets traders REKT!INDEX:BTCUSD INDEX:ETHUSD FXOPEN:XAUUSD FRED:SP500 NASDAQ:NDX I see this time and time again - no matter if you are trading, cryptocurrency, commodities, indices or stocks, the principle remains the same: Shorting at support and longing at resistance is GENERALLY not a good idea. I show you examples in the video and explain why. There is however a good time to short at support - i.e. When it has flipped into resistance after the retest, changing the market structure - and the inverse is true for longs. If this video helped you, please consider leaving a thumbs up and a comment if you have any questions! Learn, learn and then learn some more! Not financial advice. DYOR. Papertrade before using real money
BYBIT:BTCUSD.PEducation
by zartraderguy
1
Thoughts on CHFJPY (Video, short position)Hello everyone! Just as I mention in the video, in summary and in case you don't want to see a 6-minute-video, I think the market is going to be bearish at the moment because of the resistance found. To enter the market more confident on a short position, I recommend you to wait for more bearish candlesticks as I mentioned at the end of the video. Remember, short position is not because of the harmonic pattern (it failed, it hit the SL) or the M pattern (it already went to the target and it's not likely to do it again). The short position is because of the resistance found. If it happen that you as a reader (or viewer) are in the trade, keep in mind this. See you next time! Do you have any other ideas? Let me know on the comments.
Short
by pinoso
XMRUSDT needs to hold the dynamic support! the price tested again the 0.786 Fibonacci level on the monthly timeframe and have a breakout from the descending channel on the weekly timeframe. As you can see the price has a confluence on 227$. On the 4h timeframe the price created a descending channel had a breakout but without momentum. So How we can approach it? If the price is going to loose the support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
XShort
by InkyGrip
DOTUSDT is on the monthly supportThe price is testing the monthly support after a breakdown from the weekly one. On the daily timeframe the price is going to create a descending channel. How to approach it? IF the price is going to get new liquidity and create a new breakout from the 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
ETHUSDT could have a pullback from the monthly supportThe market is testing a key level on the monthly support exactly on the 0.618 Fibonacci level. The market has a huge demand zone between 1300$ and 420$, where the previous bullish impulse started. On the 4h timeframe the price could create a new pullback until 2200. How approach on it? IF the price is going to have a breakout from the 4h resistance and retest as new support, 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 🦐
Long
by InkyGrip
12
ZILUSDT wants to retest the monthlty support?The price is testing the weekly resistance after a bounce on the monthly support on 0.34% Due the news the price had a bullish impulse. on the daily timeframe the price lost the previous support as new resistance and now the price is testing it. on the 4h timeframe, the price is testing the daily and 4h support. How we can approach it? The price could have a new rejection from the daily resistance and retest the previous monthly support where the reaction began. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
8