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Impulsecorrectioncontinuation

AUDUSD BUYWelcome back! Here's an analysis of this pair! **After the strong bearish impulse move, it appears that banks have taken out liquidity at support (6970) and we can expect a bullish correction to follow. Recommended stop away from structure level or 1-2% of your total account balance, tp's 7015, 7035, potentially 7080. 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 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
GBPCAD Potential Bullish ContinuationWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! **Currently a daily bullish impulse with a correction/flag formation into support at 7093. Consider a long if price bulls back near the zone and continues to reject. Recommend conservative stop loss placement below the zone. Keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE 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
EUR / USD Please see above analysis on Eur/Usd. There is two ways that we can play this trade out. a) Upon breaking trend on this impulsive leg we could wait for a retest and look for an entry to finish the correction off. b) We can play it safe and wait for the market to break our resistance at 1.137 ish and ride the correction back u to 1.153 zone. Option A is more of a risk entry and option B would be a nice safe entry with a higher probability of success. Let me know in the comments below your thoughts on this pair and which direction your trading. The Fx Chartist
Long
by TheFxChartist_
3
AUDUSD Possible Bullish EntryBased on the current situation, the price still in a descending channel of consolidation stage but the price are showing multiple bullish sign that might happen if - With respect to the head and shoulder pattern, price broke out the small descending channel and form correction before the bull run. - Price broke out the bigger time frame descending channel and correction to continue the next impulsive move. Although overall analysis are bullish, it is possible that price might continue to consolidate within the descending channel but watch out for the potential bullish entry.
Long
by HANHAHA
2
EOS likely to go short Hi everyone. Carriedout analysis on EOSUSDT and i found out there could be more bearish move to the downside. EOS previous had a HTF impulse to the downside, now it is in a correction phase, Because after an impulse we expect correction. and currently it's doing that. but it seems to be that this correction will come to an end in a short while. in 15min chart there's an impulsive move to the downside (I drew it on the chart) and now it's correcting. once there's a breakout below the LTF correction it could make the next impulse move to the downside and this impulse move could break the larger correct. secondly, there's a double top pattern formation which is a strong sign for bearish movement, this is what caused the impulse in the LTF I'll be entering trade firstly when there's a breakout below the larger correction, followed by continuation correction Conclusion: EOS will go short if a breakout occur below the larger correction, followed by continuation correction.
EShort
by Sheezeysignals
1
Impulse continuationHi everyone. Here we're looking at Gold. Previously, we have been seeing the formation of a correction / ascending channel, and as we all know we'll expect a breakout below the channel followed by continuation correction. Gold made a strong impulsive breakout and made a first correction, the continue downward now making the second correction. this doesn't guarantee that gold will fall in price but instead it's showing a high probability that gold will continue it move to the downside. now we all know after an impulse, we see a correction, this is the phase Gold is in currently. I'll be entering trade after the breakout of that correction. trade carefully, ensure you have your risk management if you like my analysis don't forget to like, and follow me for more update whenever I make new analysis.
OANDA:XAUUSDShort
by Sheezeysignals
USDJPY Unpredictable Hi everyone. Today we're going to look at forex pair USDJPY. its price made a bearish impulse move and now in its correction phase. as we all know after an impulse we look forward to seeing a correction. am looking forward to seeing a breakout below the channel, follow by a small correction to show the larger correction is over. then I can enter the trade. in conclusion I'm hoping to see a bearish movement in the market. if you actually read the title of this idea I said USDJPY UNPREDICTABLE . Why? there's also another analysis on the higher timeframe which shows a bullish move if there's a impulsive breakout above followed by a smaller correction. The market may also be bullish. checkout the analysis below for more info. if you like my analysis don't forget to like, and follow me for more update whenever I make new analysis.
by Sheezeysignals