BKAY23

BKAY23

We're looking at a possible reversal pattern forming on the 1h with a break above our previously highlighted "imaginary trendline". This could be a signal for short term bullish momentum.

BKAY23

This is one of those rare EW Principle Patterns. With the current (assumed) wave D's length more or less equating to 1.618fib of wave B's length, we can assume that wave E will extend 1.618fib of wave C. Let's see if this application of the theory pans out. Happy Trading!!

07:43

BKAY23

Our short trade from 13th April was taken out but the bias still remain bearish. This bias will only be invalidated if price breaks above 1.29. Then we will have to adjust our price structure and wave count. With the end of the month this week, we might experience increased volatility at current price levels. Let's wait and see what happens.

14:53

BKAY23

Bias remains bearish with long term targets at 0.8965. We still wait for the trade. Wait Wait Wait for it!!!

06:36

BKAY23

Price has failed to print a third hammer at 1910 area and has forced us to consider a move lower to the 1825 area which we've previously highlighted. 1825 coincides with the broken trendline on the Weekly timeframe. The next signal to look for is a break below 1890. We can look for sells below this level all the way to 1825.

BKAY23

The pair triggered a bearish bias at 1.245 and pulled back up as previously highlighted on the video idea. Yesterday's candle close was a strong bearish engulfing candle which we can take as a signal to sell the pair. We have sells at 1.255 with TP1 @ 1.217 and TP2 @ 1.172.

BKAY23

EURUSD has broken out of the bearish flag but provided little opportunities for clear selling entries. The pair seems to have found support at the 1.0810 price area. Though the bias remains bearish, we will consider breaks of highs and price patterns for bullish possibilities. A break above 1.0933 may turn our bias bullish and we will look to any bullish reversal...

BKAY23

Gold has broken the 1966 level which we had previously highlighted as a key signal for bullishness. We now wait for a retracement and candlestick signal for buy entries. Should price break below the 1890 area we will be looking for short term selling positions to 1820 area.

19:22

BKAY23 Updated 

Quick preview of what to anticipate in the coming week on USDCAD. The medium to long term bias has turned bearish with some structural invalidations. We might find some buy opportunities on the intraday but the bias has turned bearish. We're keen to see how this one plays out. Happy Trading Week!!

18:36

BKAY23 Updated 

Quick breakdown of what to anticipate in the upcoming trading week. EURUSD has been in a range since 2015 and with price contracting to form a triangular structure, the momentum may be building up for a break to the downside on the longterm. Some upside possibilities are also present but on the short to medium term.

15:32

BKAY23 Updated 

A quick preview of what to anticipate on Gold in the coming week.

BKAY23 Updated 

Gold has formed one of my favourite continuation structures. The overall bias is bearish as shown by the downtrend. Let's see how this plays out.

BKAY23

We initially anticipated a bit of a deeper correction to retest the broken trendline resistance of the downtrend. We aren't writing off that idea just yet though. We continue to track this index for pull backs which will allow us to buy.

BKAY23 Updated 

In this scenario we will maintain a bearish bias with an extended correction to the downside. Short positions can be initiated around 1.3310 price level with targets @1.2620 & 1.2063. Long positions can only be considered above 1.342 price level. Let's see how this possible runner plays out!!

BKAY23 Updated 

Considering that waveC of a corrective wave is almost always a 5wave structure (impulse wave), we can possibly look for shorts. This is one of the most overlooked guidelines of the Elliott Wave Principle. Let's see how it plays out.

BKAY23 Updated 

The horizontal triangle formation has presented us with an opportunity to go long on the break out of structure to the upside. Targets can be set with a 1:2 risk reward

BKAY23

Price has formed a leading diagonal structure. All 5 waves are accounted for with bit of an overshoot of the 5th wave. Sells can be taken on breakout below the structure with stops at the end of wave5.

BKAY23

Short positions have been triggered on this pair. Bulls are putting in a good fight but we expect bears to prevail.