NZDUSD is sitting on key level support in line with the bullish momentum. Price had just braked out on the recently created inside bar pattern, a consolidation-continuation pattern in the market. An ideal entry is a buy stop above the high of the pinbar and we have enough room for a decent risk to reward ratio. Trade Safely.
USDJPY prints a perfect classic stepping-like downtrend. With just a naked clean chart and a simple understanding of price action trading, you can easily spot high probability entries. Now price is hanging on key level resistance and we few bearish candlestick signals. Lately the market created a pinbar and an ideal entry is 50% range buy limit entry on the pinbar...
The last candle still has some time to close, but based on what is now, we can see an indecision forming on area of support. USOIL dropped 3.5% today, which is a strong move, so we may look here for some short-term long positions.
As mentioned last week, our trade triggered last week 26th July and we are now at 2.5:1 ROI, still aiming for 0.728. You can move your Stop loss and keep and eye for a bearish Price Action to get out of this trade. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share ideas via Twitter and...
Based on H4 chart, USDCHF formed an indecision at the support area, followed by strong rejection of its former movement. The price moved a long way down, so it may be a good time for some pullback and most probably we'll see a reversal here.
NZDUSD formed an elementary reversal setup, the price went up very quickly after somehow bad data from US, hit the resistance area and got pulled back. You can see the upper wicks indicating, that sellers were fighting back and gaining more control, thus we may see a really nice reversal at the beginning of the week.
The price reached the support area at the end of the week and formed very nice indecision candle. From the technical point of view, there's a potential for it to reverse, so I'll be probably watching the very first hours of new trading week to see the outcome.
Description in chart, looking for long set ups
After a dive of the past two weeks finally we are approaching an important level of structure this support is in confluence with a minor fibonacci (0.50%) In the higher time frames this could be seen as a Trend Continuation Trade, but for us, we just want to chunk some pips out of this leviathan that is why 61.8% is target 2 Remember guys: Eyes on your mind,...
Silver has been inside a corrective structure since the beginning of July. I suspect buyers to come in around 19.50. First target area would be around 20.50-20.60. As long as 19.50 provides support my bias remains bullish.
AUDNZD have just confirmed the reversal, the price lost its momentum and stalled at the support area. Nothing to add here ;)
Price is now sitting on key level of support and we have big room potential to the upside around 1.52000. Now price is forming an inside bar pattern, a potential breakout pattern to the upside. An ideal entry would be a buy stop entry above the high of the base bar. Trade safely
Dear Community, today we are presenting you a pretty nice buy setup for Silver, which, in all fairness looks quite promising. However, this is the third take on Silver so we emphasize that there is a chance that we won't get it right this time either - but, third time lucky as they say! Strong Reversal In A Bulish Market The direction has been bullish all the...
The price is both within general resistance area (blue) and trend resistance (yellow). We've already seen it's been stalling for couple of days here and now it started to reverse. USDCHF is in medium-term downtrend, so in my opinion it's great time to take short trades here :)
This pair went all the way down nicely to the support area and the indecision candle formed at the end of the week. This area has been tested several times before, but NZD/USD is in major uptrend right now, plus, the bottom wicks and the placement of indecision candle (the Friday one) are indicating that Bulls're taking control, so I'll aim for opening long...