Hey there. Highlighting one of my favorite candlestick patters, Tweezers. Identifying: Green bar. Red bar. Approximately same size bodies. Wicks are the same height. Ezpz. The story: During an uptrend, everyone is confident prices will continue to rise, so they continue paying more. "Bulls are in control" but really, it's just the average sentiment; prices...
Though, there is a wide variety of reversal price action patterns. Here is the list of the classic ones that you must know if you trade technical analysis. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward/downward...
Though, there is a wide variety of reversal price action patterns. Here is the list of the classic ones that you must know if you trade technical analysis. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward/downward...
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In this video, I discuss the different trading perspectives based on different timeframes. We also take a look at which timeframe will give you the best entry depending on how you define your entry. Do you define entry by price or time in trade? Let me know if you agree in the comment section. Do not forget to give this a thumbs up.
Hello Traders, Here is some of my Favorite and Most simple Educational Chart Patterns that you should know in 2021. In this Lesson I will Show you how to Identify & Trade These Patterns! These patterns are seen daily in Stocks, Forex and different markets across the Globe. I hope you will find this information educational & informative . Your support...
It is a price pattern characterized by two upper touches in one zone. The market falls from finding support in a zone followed by a bullish rally and then again on the market it falls again to find support in the same zone. After this second touch of the zone, the market starts a strong and constant rise. ----- BUT HOW DO I ENTRY ON THE TRADE?!!?--- 1) The ...
Here is some useful trend changing patterns to look out for, for me these are the easiest two to spot in the markets when starting out. I hope this information has been useful for some people coming across it. If you liked my educational post please hit the like button and give me a follow, this gives me the motivation to create more educational posts in the future.
Hi Traders. Today's topic is about one of my favourite reversal setups of all time. If you are constantly searching for the perfect double top pattern or you are looking to add a reversal strategy into your trading plan, this post is dedicated for you. Let's get into the story behind a double top pattern. Imagine yourself trying to get through a concrete wall by...
Here I'd just like to go over a great buy position on EUR/AUD. We know the pair is in a long term downtrend. This doesn't mean we can't take intraday buys on the pair providing we target sensible levels. Here we are highlighting how a trendline can be utilised as dynamic resistance. The fibonacci level drawn from our 1hr swing low to high shows that our 0.764...
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The double bottom candlestick pattern is really the exact inverse of the double top pattern. It forms after strong bearish moves and has a ‘W’ type shape to it. A double bottom signals bearish exhaustion and is formed when the bulls start to take control at a specific support level. The bears drive prices down into this support level where the bulls step in and...
So in this video I show you how you could have entered last weeks GBP trades. Let me know if you have any question and don't forget to like and follow for more content. Thank you
This is a quick tutorial on how to trade against the trend for a possible reversal. I think this might be the best strategy online for counter-trend Feel free to ask any question and don't forget to like the video and follow me for more set ups and tutorials Thank you
Hello, dear subscribers! Today we discuss a very important special case of support line - the Double Bottom chart pattern. Definition The double bottom usually occurs when price is in the downtrend and bounced off some level (First bottom). After this bounce it seems that the price is going to fall down, but bounces off this level again (Second bottom). If the...
Hello Folks. In this post, I would like to elaborate more on one of the most integral reversal patterns which occur most frequently: Double Top and Double Bottom. 1- As said before, they are reversal patterns, which means that they change the previous trend! e.g. Uptrend---> downtrend OR Downtrend---> uptrend Notice that the prerequisite to all reversal...
Double Top A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks which are formed when the price hits a certain level that can’t be broken. After hitting this level, the price will bounce off it slightly, but then return back to test the level again. If the price bounces off of that level again, then you...