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50ma

GBPJPY I Local Intraday SHORT!Welcome 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. 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
Short
by BKTradingAcademy
7
FED DAY!!!Good morning! Well.....yesterday's down day I'm assuming was because of the JOLTS Report. Employment openings for the month totaled 10.72 million. Estimated 9.85 million. So, well above. This is something the FED does not want to see. It doesn't help inflation. But again, everyone wants to hear what J Powell has to say today. What could happen after he speaks and in the coming days? Although we are above the 50 day, I feel that there are more elements of a bear market. We could be in the finishing days of the ABC correction of this bear rally before rolling over. And, I'd still be ok with seeing the market heading to 3970ish, 4010ish. The price action at those levels will really tell me if this is a bear rally or not. So when will we get our pivot from the Fed? I really don't think we'll see a change in an upward direction until early 2023. Maybe February or March we could see a final low. Especially if we get another .75 in December. Plan for today: If we get a 2%, 3% up day, I'm not going to go chase it. We could trade sideways the next couple days before we make the next move. If we push to 3970ish, 4010ish, I will monitor the price action and volume to pre-determine next week's possible outlook. And if the market doesn't like what J Powell has to say today and we sell off....well, I'll start to manage my short positions I'm currently holding and follow my levels down. Stay disciplined, be patient, trade the market in front of you. Happy Trading!
SP:SPXShort
by MMOTA_
1
EURUSD I Intraday Buy from Support Welcome back! Let me know your thoughts in the comments! **EURUSD - 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
AUDCAD Short term buy from support Welcome back! Let me know your thoughts in the comments! **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
Short
by BKTradingAcademy
16
NZDUSD I Local short from resistance Welcome back! Let me know your thoughts in the comments! **NZDUSD - 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
Short
by BKTradingAcademy
11
Will Resistance Hold? We got to 3800 yesterday and it's really testing resistances at this level. So do we move higher from here? If you look at the DOW, it's actually above it's 50 MA and at resistance as well. And yet, 74% of stock are still trading below their 50 MA. We are still in a Bear Market, so we have to remain Bearish. Did you look at the volume we had yesterday compared to Friday? The amount of volume we had yesterday was about half of Friday's. Also a cautious sign. Still sitting on my hands and waiting for a clearer picture. Remember, 90% of trading is patience. Overall, I think Markets still expect the Fed to stay on track or even slow. Google is to announce earnings today, and Microsoft after market close. We could just hang out in this area today, push higher (because the market still has room to go higher) or volatility can start to kick in. Be patient and trade the market in front of you. Happy trading everyone!
SP:SPXShort
by MMOTA_
USDJPY Bearish Flag Breakout SHORT!Welcome back! Let me know your thoughts in the comments! **USDJPY - 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
Short
by BKTradingAcademy
9
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. 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
18
EURCAD Potential Long Breakout then Short from ResistanceWelcome 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. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
1
Possible 100% ? AKRO/USDT #AKRO #AKROUSDT Here we see our Akro/usdt 1 day chart . Look at the MACD ! It's pointed up beautifully and does appear like it will cross up through that green area where the green arrow is . If that happens I think this could possibly do a 100% up - probably to 0.010 or 0.011 which would bring you right under the 3 day Ichimoku and the 3 day 99 MA line ( though this is the 1 day chart I'm showing . ) Please keep in mind that the market is EXTREMELY volatile right now . The Fed is having their important FOMC meeting next week - and if it's bad news that's announced it could dump the market . Also the DXY dollar index is still Bullish and that could hurt Crypto markets . Also the market is still in a Bear market in general and can be dumpy out of nowhere. Although that hasn't stopped certain coins from running such as Chz/usdt . Also , another TA guy I like a lot called Payne Residence doesn't like that this chart is so 'wicky' . So it's definitely risky but just looking at the chart alone it does look Bullish with a candle almost closing above that light blue 50MA line and possibly also breaking up from the Bollinger Squeeze ....but be aware of these other market conditions . Thank you.
by shimmeringpath
6
Tools to assess SPX for potential bear and bull marketsIndicators - • CM_Ultimate RSI Multi Timeframe • CM_Stochastic Multi Timeframe • CM_Stochastic Highlight Bars Ticker - QUANDL:MULTPL/SHILLER_PE_RATIO_MONTH – Now I cannot seem to find the ticker through the search of Trading view. However, I found this by clicking on a post made about this ticker, opening the full chart, and adding it to your watchlist. (If any knows this ticker, please post it in the comments) (If you want to add it to your watchlist I suggest clicking on the ticker link above this post and adding it through there) Possible Ticker - QUANDL:MULTPL/SP500_PSR_QUARTER – This is a price to sales ratio of the SPX. This does not have as much history as the Shiller ticker on TradingView however may just be as useful in the future. This is the Shiller Cape Ratio and first a little about it. The Shiller P/E was created by Nobel Prize winner Robert J. Shiller. This ratio helps investors understand whether stocks are overvalued or undervalued while also correcting for short-term volatility. This analytical tool is most used to evaluate the overall U.S. stock market. It is also known as the cyclically adjusted price-to-earnings ratio (CAPE) or the Shiller P/E 10, due to the 10-year data it uses. As much as these indicators can be used directly on the SPX, I find It cancels out the noise and gives you a strategy and indicator that helps you feel more confident about your decision knowing it is backed by fundamentals. A lot of people had compared the similarities between this crash and the 2008 and this current bear market. The similarities of the point of crossover of the stochastic in the exact position of the 2008 bear market. Not to mention, with the RSI still not having reached oversold territory this indicate that the market has a way to go. Technical analysis can work great on these indicators as using support and resistance levels in the same way you would use them on any other security. Using them to look for potential bounce or resistance levels in bear a bull markets can work wonder. Another ticker that these indicators work lovely on is the S5FI and the S5TH for look for oversold levels as well as divergence a momentum. I will be completely honest, as I am only new to technical analysis. However, I find that similar to crypto using of chain analysis, that trading of fundamentals or underlying key figures give me loads more confidence in making more accurate decisions and better precisely timed decisions and a better understanding of what drives markets.
SP:SPX
by Ryan1993
1
DXY appears to be triggering a rising wedgeShown here on the 1 day chart is a rising wedge that is probably most valid on a 4-8hr time frame. However I wanted to show the 1 day 50ma (in orange) so I decided to post this idea on the 1 day time frame. We can see a big red candle has formed here and almost already reached the breakdown target of the wedge of 108. My thought was it was going to wait until the 1 day 50ma climbed up to the 108 zone for the breakdown to reach this target and the retest the 1 day 50ma’s support but it appears to be heading to this breakdown target much more quickly than I expected. We can see the green target I have above the wedge was almost reached to its full target but fell ever so slightly short…falling short of reaching 100% of the target suggests the bullish momentum for dxy may be waning and we could see a trend change to the down trend sooner than later. Especially if this current bearish pattern reaches 100% of its breakdown target or even more so, loses the 1 day 50ma as support. If we hit the full target and then it flips the 1 day 50ma to solid resistance the downtrend will likely be confirmed. If so it could mean yet another lower high has been established for DXY meaning that in the grand scheme of things the DXY would be very much still in a macro bear trend, despite all the FED induced”strength” it has seen as of yet…the recent surge in strength while everything else has plummeted does seem to bear the hallmarks of some sort of final exit pump but that is of course mostly speculation on my part. Al eyes on the 1 day 50ma *not financial advice*
TVC:DXY
by DrDovetail
Quant testing the top trendline of the 1day symmetrical triangleWe can see that priceaction is currently attempting to both test the top trendline of the symmetrical triangle (in chartreuse) as well as trying to climb back above the 1 day 50ma(in orange). If price action can flip the 1 day 50ma back to solidified support then it can validate the bullish breakout from this symmetrical triangle. The breakout target from that symmetrical triangle will take price action far above this white line which is actually the neckline of an even bigger inverse head and shoulders pattern. If we are to hit 100% of the breakout target for the triangle ($165), this will greatly increase the probability of it also triggering the breakout of the inverse head and shoulders pattern as well which can send it considerably higher afterwards($224). Of course for now the 1 day 50ma is still resistance so we want to see a couple daily candle closes above that and any confirmation candles after that that retest it, testing it as strong support. Flipping tat 1day 50ma back to strong support will also confirm that the golden cross that recently happened will be sustained instead of flipping back into a deathcross and confirming a golden cross fake out. *not financial advice*
COINBASE:QNTUSDLong
by DrDovetail
1
EURGBP Correction Continuation - LONG!Welcome back! Let me know your thoughts in the comments! **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
2
Head and shoulders to watch out for on total crypto market cap.Right now price action is currently testing the neck line of a head and shoulders pattern that, if validated, could wipe 250 billion off the total crypto market cap. We can see its been stiffly rejected recently by the 1 day 50ma…in order to avoid validating the h&s pattern, it is crucial to flip this 1 day 50ma back to solidified support. There is a lot of fearmongering recently about a bunch of bt coin being released from Mt. Gox that could get immediately dumped on the market…something to look out for as it is a moment like thaat that could lead to a pattern like this triggering. However for now there’s still a chance this could be a fake out. Will have to wait and see, but we should know soon enough. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
CADCHF SHORT-TERM SHORT OPPORTUNITYWelcome back! Let me know your thoughts in the comments! **CADCHF - 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
Short
by BKTradingAcademy
6