After the bullish pin par on daily, we are anticipating a bullish wave before the bearish wave continue
Examining the channel of EURUSD, how pin bars can be combined with stochastic, and basic ranging markets.
Forecast: BTC tends to consolidate and rally. Once it does rally, it has little to no pullbacks. Final stage, will be accelerated climb followed by a mid-term correction. Masses common reaction: - During consolidation period, wants BTC to dip lower to buy cheap BTC, - During rally, wants BTC to retrace to get a safe entry. - Only during accelerated climb, FOMO in...
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Some techniques i like to employed into my trading is: - Creating a range using Last week Price Action - Creating a range using Monday Price Action Key levels Identified: 1) Last Week High 2) Weekly Open 3) H4 Resistance turns support 4) Monday High
Macro trend: - Yearly/Monthly: Bullish, just broken out of consolidation with higher lows - Weekly: Bullish, Just broken out of 6 week consolidation 2 ways to get in on a trend: - Wait for the retracement and buy the retest - Buy near the bottom of the consolidation Key levels outlined: 1) Last week Range High 2) H4 consolidation (Mark the top and bottom) 3)...
Trade based on timeframe agreement and price action. Daily shows ok signs of bearishness and signs of being overbought Should the key level of support identified in the video get broken (and pull back), this gives a good basis to short.
Good signs of being overbought on the daily and reference point for stoploss above yesterday's high. However lower timeframes still need to show more definitive signs of bearishness to consider short. The price breaking support on the lower timeframes, pulling back and then finding resistance make be a conservative approach to trading this.
Summary: Good signs of being overbought on the higher timeframes. However, need to see more definitive bearishness on the lower timeframes like the H1 and 15min. Should that happen, this allows for an entry with an achievable 1:1 reward to risk (or greater). That assumes a stoploss above the high of the daily candle on 6th August
Shorting based on timeframe agreement and price action **DAILY** > lower lows and lower highs > yesterday's candle is an assumed lower high giving a good reference point for a stoploss above that level > Yesterday's candle interacted with previous zonal support and resistance, as well as the upper edge of a the linear regression channel. These are good...
Buying at market price 0.65437 with # SL below the pin bar @ 0.65108 and # TP at previous swing high @ 0.66148 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)
Trend-based trade based on: * yesterday's reversal candle finding resistance at a strong level * the price having moved passed the low of yesterday's candle * the price appearing over-bought on the higher timeframes e.g. interactions with upper linear regression channel * lower timeframes starting to show signs of lower lows and lower highs * stoploss above...
Trade idea based solely on timeframe agreement and price action. Summary: * daily chart has shown a reversal candle interact which has interacted with a reasonably strong area of resistance * 4hr chart shows same resistance, but with more contact points * 1hr chart has broken previous upward price structure and started to show signs of lower lows and lower...
Welcome to my weekly TOP DOWN ANALYSIS. Quick review of what im seen this week in the crypto markets. If you like my content give this analysis a like! You help me a lot and its free. "Always trade what you see, not what you think its going to happen" Namaste.
OANDA:XAUUSD - Weekly (Bearish) : Doji at a weekly level indicating indecision and momentum loss with a wide swing divergence - Daily (Bearish) : Pinbar rejection with divergence - 4hr (Entry) : Double top with a trendline break EP: 1336.25 SL: 1360.36 TP1: 1311.47 TP2: 1290 www.pipkingsfx.com Like the content? Support it by.... SMASHING that LIKE button...
FX:EURCHF - Weekly (Bearish) : Long wick candle off the zone forming a pinbar - Daily (Bearish) : Inside bar with a bunch of indecision candles on the zone - 4hr (Entry) : Trendline & Wedge Breakout EP: 1.12400 SL: 1.11686 TP1: 1.13113 TP2: 1.13406 TP3: 1.14255 www.pipkingsfx.com Like the content? Support it by.... SMASHING that LIKE button & following my...
Price action on daily gives signs of bearishness: * lower highs * interaction with previous support/resistance * interaction with upper linear regression channel * bearish reversal candle Stop loss above the daily high on the 11th June 0.7494 Initial profit taking of roughly 1.5:1 reward to risk around the mean of the linear regression channel. Confirming...