FLAG
GBPJPY I Risky short from resistance zone 80-100 PipsWelcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Joe Gun2Head Trade - Bearish Flag on LitecoinTrade Idea: Selling Litecoin
Reasoning: Bearish Flag on the 60min chart.
Entry Level: 52.52
Take Profit Level: 50.52
Stop Loss: 53.13
Risk/Reward: 3.35:1
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AAL - Short term flag play! Quick Post tonight!
Covering the Technicals of AAL ~ American Airlines!
Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence!
We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking here for a simple continuation upwards toward the upper trendline from the flag. The Candle made today is neutral, so we are looking for a jump in the coming days for a short term move up.
Momentum is in Bulls Favor (Daily, and Weekly)
It looks like a possible easy move up to resistance that could pay well.
Also, a break thru could be explosive.
Pros :
Predictable Chart here
Everything almost in favor
Con :
Daily Candle
Earnings tomorrow 9/20
DXY USD - LONG - Flag + Supply&DemandThe USD now dominates the market with huge weighting and the analysis of the future movement is essential, for all other tradable currencies and asset classes.
I provide the idea, with the consideration of rules of the "SUPPLY&DEMAND" theory, which focuses on the market influence of banks.
CURRENT STATUS:
- the DXY is in a flag, which is normally a "Bullishes pattern".
- the existing macroeconomic circumstance suggests a trend continuation.
From a daily perspective, we have broken out of an upward channel, which has not been tested at this point.
- in order for the DXY to continue its rally, it would be healthy to test the channel for confirmation beforehand.
IDEA VIEW:
- we are in the 15 min chart, which means we are looking at the market from a magnifying glass point of view. - the bullish flag could break out as in the theory and would thus allow a LONG position.
- the idea refers to an early position entry to take the whole movement with less risk (fake out)
All RETAIL market participants assume a trend continuation, but also hope for a correction. A crossroads which provides a large amount of liquidity for the large speculators / banks.
STOP LEVEL:
- Should the SL level (stop loss) set by me be broken, we can expect a correction after confirmation. (Should it not be a fake-out).
- Drawn in the chart to follow up.
TAKE PROFIT:
- there are large "SUPPLY" zones on the time levels T / W / M, which should bring about a reaction against.
> 117-120
- moreover, we have relevant 1.618 FIBO targets
> 114,864
> 115,437
- POIs are at
> 117,019
> 117,936
Should you disagree, feel free to let me know - I am still in the learning process.
Thank you and happy trading!
DXY USD - SHORT - Flag + Supply&DemandThe USD now dominates the market with huge weighting and the analysis of the future movement is essential, for all other tradable currencies and asset classes.
I provide the idea, with the consideration of rules of the "SUPPLY&DEMAND" theory, which focuses on the market influence of banks.
CURRENT STATUS:
- the DXY is in a flag, which is normally a "Bullish pattern".
- the existing macroeconomic circumstance suggests a trend continuation.
From a daily perspective, we have broken out of an upward channel, which has not been tested at this point.
- in order for the DXY to continue its rally, it would be healthy to test the channel for confirmation beforehand.
If this does not happen, the trend will continue and allow a LONG position. - for this, please consider the "LONG scenario" of mine.
IDEA VIEW:
- we are in the 15 min chart, with which we look at the market from the view of a magnifying glass. - the bullish flag could break out in the opposite direction and would thus allow a SHORT position.
- the idea refers to an early position entry to take the whole movement with less risk (fake out)
All RETAIL market participants assume a trend continuation, which provides a large amount of liquidity for the large speculators / banks.
- in my opinion, it would be quite lucrative to take this liquidity before a further trend continuation (= SHORT / correction)
STOP LEVEL:
- should the SL level (stop loss) set by me be broken, we can expect a trend continuation after a confirmation. (Should it not be a fake-out).
- Drawn in the chart to follow.
TAKE PROFIT:
- there are large "DEMAND" zones at the 0.88 FIBO (111.50 - 111.00) on the time levels 1-4h, which should bring about a counter reaction.
- drawn in the chart to follow.
Should you disagree, feel free to let me know - I am still in the learning process.
Thank you and a successful trading!
Translated with www.DeepL.com (free version)
EURCHF Local buy opportunity! Step by step breakdownWelcome back! Let me know your thoughts in the comments!
**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.
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Brian & Kenya Horton, BK Forex Academy
Learn How to Trade Flag Pattern Formation | Full Guide 📚
In this video, I will teach you how to spot and trade flag pattern.
We will discuss theory first.
Then, I will share with you real market examples.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
BITCOIN///WARNING///WEEKLY SIGNAL Hello.
For first time Bitcoin is trying to brake the WEEKLY 200MA, and to turn it to resistance.
This is huge weekly signal.
Don`t trust your friends, don`t trust youtubers... Read the chart - 1 week candles + 200MA.
Perfect time for DCA.
Confirmation for down trend continuation from November it will be when we brake below 17 500. Till than we are in range 18K-25K.
Good Luck!
EURCAD Follow the Structure! LONG!Welcome back! Let me know your thoughts in the comments!
**EURCAD - 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.
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Brian & Kenya Horton, BK Forex Academy
NZD-USD Will Keep Falling! Sell!
Hello,Traders!
NZD-USD is trading in a downtrend
And the pair has formed a bearish flag pattern
So we are bearish biased on the pair
And after the breakout
A further move down
Is to be expected
Sell!
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