Hey traders, Relative strength index is a classic technical indicator. It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change. Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the...
Near the previous high, or when approaching it, or when reaching the psychological ceiling of the market or a position protected by bearish positions, the price may encounter resistance and pull back. The depth of the pullback is determined by its strength. However, once it finds support after the pullback, there is a possibility of continued upward...
Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand. Support is the level at which demand is strong enough to stop the asset from falling any further. Resistance is the level...
Candlestick patterns are frequently applied for the identification of early trend reversal signs. Here are the three most common reversal formations that you may encounter trading different markets: 1️⃣ - Equal inside bar formation Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick (long...
These different price action patterns are great for various situations. They can be identified at a Lower time frame or Higher timeframe, pick a chart and start looking at the candles! If you identify any of these in a chart you are looking at today, feel free to share them below. Here is a little more about bullish and bearish candlesticks: Bullish and...
☑️WHAT IS A BULLISH ENGULFING CANDLE? The bullish engulfing candle appears at the bottom of a downtrend and indicates a surge in buying pressure. The bullish engulfing pattern often triggers a reversal in trend as more buyers enter the market to drive prices up further. The pattern involves two candles with the second candle completely engulfing the body of the...
Candlestick charts are commonly used in trading to analyze market trends and make trading decisions. Candlesticks can be categorized as bullish or bearish, depending on whether the price has increased or decreased over a given period. It is important to note that while candlestick patterns can be useful in predicting market movements, they should not be used in...
Gaps are important parts of the financial market, especially in stocks and currencies. They happen when an asset opens at a significantly lower or higher price than where it closed at. Gap is a situation where a currency or any other asset opens sharply lower or higher than where it closed the previous day. Such a gap happens when there is a major event or news...
The Three Black Crows or as otherwise known Three Soldiers are a formation of price continuation showing how the bears are taking control over the bulls to reverse the trend as we can see here. Price comes down buyers try to push it back up only to be reversed by sellers overpowering them so it falls back down the buyers try again but realise the bear is the...
ok here me out. i'll go straight to point this message is for the newbies (oldies gonna hate) what is pure Minimalist Technical Analysis Trader ( MTAT : i just made this up) -it is when u leave out all so-called indicators and focus on the chart -some of these indis are: MACD, RSI, ATR, STOCHT.... -it's when u leave out the FUNDAMENTAL...
What it is? Candlestick rejection strategy is a pure price action swing trading strategy. It makes use of the concept of price rejection or candlestick rejection patterns to invalidate counter-trend momentum for a trade continuation. By applying such candlestick rejection strategy onto swing trading, it allows trades to capture spots at which market prices...
If you follow your trading plan and then get stopped most of the time ending in loses versus gains and you see the current price still go to the tp you originally thought of, then maybe it is an issue of entry. Note. If you make good gains and you profit, this advise may not be for you. Okay here it goes. Put your entry where your stop loss used to be and then...
In this post, I tried to show you the most important Candlestick Reversal Patterns of Technical Analysis with Entry points & Stop loss points . you can use these patterns for Triggers of your traders at any timeframe ⏰ (These patterns are more valid at higher timeframes). Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends,...
Just wanted to put all four ICT Kill Zones to see: All are 2 hours in length, except London open kill zone which is 3 hours in length. AUDCAD 15 minute chart today worked out great related, all four kill zones could have made profits for a traders if done right, which Time & Price. I do not trade AC during London Kill Zone related to both sides not being in...
Four ICT CONCEPT KILL ZONE ARTICLES: 1) Asian Kill Zone 2) London Kill Zone 2) New York Kill Zone 3) London Kill Zone Close SEE BOTTOM LINK TO RELATED IDEAS Thanks, stay safe
London Kill Zone Close (ICT concept) 4 of 4 Hours are from 10am to 12pm New York Time/EST 1) London session is closing, so one more pump or dump mostly happens before liquidity and volume to end of session gets lower 2) Trade majors with USD pairs 3) Look for 10-20 pips on a short scalp during this time 4) Don't be greedy- get your little piece of pip pie...
New York Open Kill Zone (ICT concept) 3 of 4 Times are from 7 am to 9 am New York Times/EST 1) You see a lot of both liquidity and volume with overlapping sessions of both London & New York 2) Better to use only majors or pairs with USD in them, like: EU, AU, UJ, GU, UC & NU 3) Nothing happens always in Forex, but one or more of the noted pairs above will...
London Kill Zone (ICT concept) 2 of 4 (2am to 5am NY time) This happens at start of London session, 1st three hours of session 1) Look at all EUR and GBP pairs, from daily down to trading charts 15mn (noted on attached chart) and/or 5mn charts for entry 3) Look for set ups related to fib ret 50%-61.8%, trend continuations, trend reversals 4) Look for...