Hey Guys! Just wanted to put up a quick Price Action Lesson on How to Read Price. I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in. The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to...
Hey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114.40. Like always, I'm watching the lower time frames to confirm whether or not I will get this pullback to 131.67. During the initial move long there were several confirmations of short term long strength on...
Taking a look at the price action on EURJPY currently, we have seen a potential selling opportunity setup. Why we like this setup is because it holds a few factors that all converge together. As traders the higher the amount of information we have to help make an informed decision the better. As you can see from the 15 Minute chart, we firstly have price move...
Let's see exactly how price interacts with the rectangle, I'm betting there's a drop inside, trade with your choice of LTF bar formation.
On the monthly timeframe FX:EURJPY is showing the restest from recent breakdowns. However, one should wait for reversal.
IF ANY CANDELL CLOSE UP THE TREND >> THE CHART WILL FAIL
This is what I see. I see it as pretty self-explanatory. Some of my other charts are experiments with tools i am using, reason that i post as an educational piece as i am still learning myself.